630.5+/- Acres Wallace County, KS

PLEASE NOTE:  Terms for these tracts have been amended to be more BUYER Friendly.  The real estate taxes for the current year AND the cash rent will be pro-rated to date of closing.  CLOSING will be on or before August 13, 2021.   Closing was previously set for September 15, 2021.

Plan to Attend the Informational Meeting and Auction:

City Library

414 North Main

Sharon Springs, KS 67758

Terms: The sale is subject to all rights of way and easements, whether recorded or not and to oil and gas leases of record, if any.  The successful Buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment made payable to First American Title Insurance Company.  The earnest money deposit can be made by personal check, company check, or wire transfer. The balance will be due at closing on or before August 13, 2021.  Seller will provide marketable title to the Buyer evidenced by title insurance.  Title insurance and closing costs are split 50/50 between Buyer and Seller. Additional title insurance required by a Buyer’s lender will be paid 100% by the Buyer. The 2021 cash rent and real estate taxes will be prorated to date of closing.  The 2022 real estate taxes will be paid by the Buyer.  Bidding increments may be changed at the discretion of the Real Estate Agent.  The property will not be sold subject to financing.  Have all financial arrangements made prior to the auction.  The written purchase agreement, to be signed by the Seller and Buyer after the auction, is the sole and controlling document of this sale and supersedes any and all other terms, whether verbal, written, expressed, or implied and shall be the sole and controlling document for this real estate transaction.  BigIron Realty is working for the Seller.