1,600+/- Acres Vigo & Clay County, IN
Selling in 10 Tracts On Our
UNRESERVED ONLINE AUCTION
September 19, 2019
Bidding opens September 5, 2019, and ends September 19, 2019, at 11:00 EDT
Tract 9: Nice 19+/- acre property. 49.2% forest, 15.6% non-cropland, 14.7% grass/pasture, and 13.3% row crop. This property has a 4.0% slope. The west boundary line used to be railroad tracks, but they have been removed. Now it is just a trail.
The bidding increments will be $50/acre. The final sale price will be calculated based on total acres times the highest bid. Real Estate Agent reserves the right to adjust bidding increments.
Plan to Attend the Informational Meeting & Auction:
Holiday Inn
2645 S Joe Fox Street
Terre Haute, IN 47803
BigIron Realty Agents will be at the Holiday Inn in Terre Haute, on Wednesday, September 18, 2019, from 3:00 to 6:00 pm and on Thursday, September 19, 2019, from 8:00 am until the conclusion of the online auction. Please come during the times scheduled to discuss the farm. BigIron Realty Representatives will be there to assist buyers with registering to bid online. You do not have to be present to bid online, but you are required to be available by phone.
BIDDING PROCESS: You may place bids on this farm for 14 days beginning September 5, 2019, and ending September 19, 2019, at 11:00 EDT. This unreserved online auction features bidding extensions. The closing times will be automatically extended when any one of the coupled tracts receives a bid in the last 5 minutes and will close simultaneously when none of the tracts receive a bid for 5 minutes. This will allow bidders to monitor each tract without the fear of missing out on any other tract. NOTE: Do not wait until the day the auction closes to register to bid online. All bidders must be approved to bid, so register at least 24 hours prior to the auction close or call 800-887-8625 for assistance.
ALL BOUNDARIES ARE APPROXIMATE AND WILL BE DETERMINED BY A SURVEY
FSA Base & Yields: To be determined by FSA Farm reconstitution procedure
Legal Description: Section 36-11-8 Vigo County, IN, containing approximately 19+/- acres (exact acres to be determined by a survey)
Land Location: From Terre Haute, IN, Junction of Hwy 40 & 42, go east for 4.3 miles, turn south and travel ¼ mile on Tabortown St. Turn east and travel ¾ mile on Bloomington Rd, then turn south and travel ¼ mile on McFadden Ln. Tract 9 is on the west side. Watch for yellow “For Sale” signs.
Owner: Timothy & Robin Schutter
Title Services: Integrity Title Services, Terre Haute, IN
For more information, contact listing agent:
Ron Stock 812-217-7860
Terms: The successful buyer will be required to enter into a written purchase agreement immediately after the sale with a 10% non-refundable down payment to be payable to the Title Company. The earnest deposit can be made by a personal check, company check or by wire transfer. The balance will be due at closing December 16, 2019, or January 16, 2020, at the seller's discretion. Seller will provide marketable title to the buyer evidenced by title insurance; the title insurance and owners policy premium will be paid by the seller and lender fees will be paid by the buyer. The 2019 real estate taxes will be paid by the seller and the 2020 real estate taxes will be paid by the buyer. The property will not be sold subject to financing. Bidding increments may be changed at the discretion of the Real Estate Agent. Please 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.
