READ ALL OF THE FOLLOWING AUCTION TERMS & CONDITIONS CAREFULLY

NOTE: BY ACCEPTING THESE TERMS AND CONDITIONS, YOU AGREE THAT IF YOU ARE THE WINNING BIDDER, YOU ENTER A LEGALLY BINDING CONTRACT TO PURCHASE THAT LOT UNDER THE UNIFORM COMMERCIAL CODE.

*SUCCESSFUL INTERNET BIDDERS WILL BE NOTIFIED WITHIN A REASONABLE AMOUNT OF TIME FOLLOWING THE AUCTION

*WHILE PHOTOS ARE PROVIDED AS A COURTESY, WE RECOMMEND A PERSONAL INSPECTION. PROPERTY IS SOLD AS IS WHERE IS.

• You must register with Resource Auction & Next Lot, Inc. to bid and agree to comply with all required requests

• All purchases are in US Funds. Payable in cash, cashier’s check, wire transfer, approved domestic check w/bank letter of credit, you furthermore agree not to stop payment on same check and to pay any associated legal costs including attorney fees, interests, costs and related expenses involved with any collection on your part. 

• Customers obtaining financing must do so in advance and provide that information in advance.

• You are responsible for all purchases made with your bidding number - Regardless As To Who Uses It.

• Sellers and auctioneers are not responsible for errors or omissions in auction listings.

This Sale is being co-listed and brokered by AcrePro Farm Agency.

Agency Disclosure
AcrePro Farm Agency represents the sellers in the sale of the property and is acting solely on behalf of the sellers' interests.

Bidding Procedure
Timed Online Auction

Bidders must creat a Resouece Auction-NextLot account and accept the terms and conditions. Approved online bidders may set a maximum bid amount or place each bid manually. AcrePro Farm Agency is not liable for any technological difficulties or failure of the online bidding system. The purchase price will be the high bid amount at the conclusion of the auction. The auction will be extended for three minutes each time a big is placed with less than three minutes of elapsed time. 

Bidders who cannot get access to the Next Lot bidding platform can make arrangements for a company representative to bid on your behalf. All bidding accomodations must be made more than 24 hours prior to the auction commencement.

Purchase Agreement and Earnest Money

The successful bidder will receive a North Dakota Real Estate Purchase Agreement via mail or email. Upon signing this Purchase Agreement, the successful bidder is required to put down 10% of the purchase price as an Earnest Money Deposit, to be held in the AcrePro Real Estate Trust Account. The successful bidder must deliver the payment via personal check, cashiers check, or wire transfer within 24 hours of receiving the Purchase Agreement. 

Closing and Marketability of Title

Once the Purchase Agreement is signed by all parties and the earnest money has been received, a closing date will be chosen. The balance of the purchase price and the earnest money deposit will be paid no later than August 15th, 2022 or the Buyer will be in default and the earnest money will be moved from escrow to the Sellers. Sellers will provide evidence of marketable title. 

Notice: The information presented is obtained through reliable sources. AcrePro Farm Agency does not guarentee accuracy. Any and all prospective buyers are encouraged to perfrom their own due diligence of the Property and related information. Buyer agrees to hold AcrePro Farm Agency, its representatives, and the clients they represent harmless with respect to the property condition, status, and any other matter regarding the Property.

Annoucements made by the auctioneer will take precedence over printed terms and information. Sellers reserve the right to refuse any and all bids.

I have received, reviewed and accept the Paul & Ina Sigurdson real estate disclosures and addendum as presented prior to bidding

CLICK HERE FOR PROPERTY DISCLOSURE

PAUL & INA SIGURDSON REAL ESTATE AUCTION- BIDDER’S ADDENDUM:

1)     What is included with the home? All kitchen appliances- refrigerator, range, dishwasher, overhead microwave/ fan (fan works, microwave is not in working order), electric water heater; outdoor gas grill, on natural gas line is included. Yard art in flower beds is included. There are remotes for the gas fireplace and one power blind.

2)     What is not included with the home? Garbage service is available for a monthly fee, current dumpster onsite is not included. Dish TV receiver is not included.  All other appliances, TV’s and electronic devices not mentioned in 1) above are not included, however many are for sale on the personal property auction which ends June 27.  Washer and Dryer not included.

3)     Property characteristics as labeled by the seller can be found in the attached property disclosure forms which label any information or issues the sellers feel prudent to buyers. This is a well kept and well developed farmstead with many unique and attractive attributes. Albeit the improvements (buildings and home) on the property are believed to be in good condition, this property is sold as is with no guarantees express or implied. This is an older home, as are the outbuildings that have had reasonable to good care, nonetheless are older buildings.  Inspection times have been offered as scheduled or privately when requested. Outside inspections by companies that offer that service are and have been welcomed.

4)     FINAL INSPECTION DATE MONDAY, JUNE 27 FROM 5:00 to 7:00 PM or by appointment- David 701-739-1292 or Dennis 701-215-2058

5)     Final sale is subject to seller confirmation.  Successful bidder will be required to place an earnest money payment of 10% of the final selling price with Auctioneer’s Trust Account.  Balance will be due upon closing approximately 40 days later.  Title will be transferred by two warranty deeds and seller will furnish buyer with an updated abstract to the property.  NOTE: the sale of this property is not contingent on buyer being able to obtain financing, so if your final bid is accepted you will be expected to pay for this property.  Please be prepared to do so to avoid forfeiting your earnest money.  As stated earlier, this property sells as is, so there are no contingencies for inspection or repairs.

6)     Buyers requesting a survey of the east property line (field border) will do so at their own expense.  The 17+/- tillable acres are currently under a year to year rental agreement and tenant has corn planted for the 2022 season.  There will be no further rental income for 2022.  Buyers can choose to use that property for their own agricultural use in future farming years, or continue the rental agreement with the current tenant.

7)     Property taxes for 2022, due and payable in 2023 will be prorated at closing.  Taxes will be re-assessed upon the closing of a sale. Utilities are Nodak Rural Electric & MDU Natural gas; there are wells on the property, one of which has been used by the home and has been recently tested.  Rural water hookup is available at buyer’s expense across the road from the south side of the home.

Auction conducted by David Gorder of AcrePro Farm Agency
AcrePro Farm Agency, Real Estate Firm Licenser #3224
David Gorder, Real Estate Broker License #9486