iAuction Terms & Conditions

1. Procedure: Bidding ends Wednesday August 10, 2022 at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes. All bids placed are by the Acre.   

2. BUYERS PREMIUM: 5% Buyer’s Premium will be added to the final bid price to arrive at the contract sales price.

3. ACCEPTANCE OF BID PRICES: Winning bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 12:00 NOON, Thursday, August 11, 2022 (hand delivered, faxed, or scanned and emailed). The Seller reserves the right to reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason. 

4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted. 

5. BIDDING: Once submitted, a bid cannot be retracted.  

6. CLOSING: Closing shall be on or before 3:00 PM., Thursday, October 6, 2022. 

7. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any. 

8. TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s). 

9. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description to convey title.  

10. REAL ESTATE TAXES: The 2021 Real Estate taxes to be paid for by the Sellers. The 2022 Real Estate taxes to be paid by the Buyer(s).  

11. Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else if the Internet service fails to work correctly before or during the auction. 

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines are drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. This property is subject to prior sale. 

Franklin Co., IL Land iAuction – Cook Farm 

Open house Saturday, July 30^th 9 AM to 10 AM.  

Bidding ends Wednesday, August 10^th at 10 AM.  

These 60± acres located in the NW corner of Franklin Co., Illinois are 6.5 miles east of Du Quoin IL and an easy 1 hour and 30-minute drive from metro St. Louis.  The Farm Service Agency figures there to be 44.89 acres of cropland with the balance in woods and water. The highly productive cropland consists mostly of Bluford and Wynoose silt loam with an average Productivity Index of 95.88. There are also 5.6 acres in CRP paying $126.56 per acre ($709.00) with the last payment to be made September 30, 2026. The 5.6-acre (CRP) duck impoundment has a gate system where you can drain the impoundment and then plant corn or millet and flood. The wooded acreage sets up great for deer hunting and even has a small hidden field on the west side that would be perfect for a food plot.  The farm has electricity and rural water available with some great home or cabin sites.  This is an outstanding all-around farm just 8.5 miles west of Rend Lake that’s income producing and allows you to hunt deer, ducks, geese and turkey!

Call or text Shane Yearian at 618-830-2825 for more information.