Name Smith County Land Auction
Auctioneer NetBidz Online Auctions
Type Online-Only Auction
Date(s) 3/4/2019 - 3/25/2019
Online Bidding opens March 4th, 2019 and closes Monday, March 25th, 2019 at 7 p.m.
Preview Date/Time Contact Shawn Phelps to view property.
Checkout Date/Time Closing date to be on or before April 30, 2019. Collier Abstract and Title, Smith Center, Kansas will serve as the escrow and closing agent.
Location 205 S. Main
Smith Center, KS 66967
Buyer Premium No Buyer Commission
Description
Online Only Land Auction. 70 +/- Acres, Blaine Township, Smith County Kansas, East 1150 feet of the SE Quarter of Section 8, Township 3S, Range 12W
Auction Terms & Conditions Immediately following the online auction, the successful buyer will enter a written purchase agreement. Ten percent (10%) down payment the day of signing purchase agreement. The balance will be due at closing on or before April 30, 2019. Buyer will be granted full possession of 45.93  +/-  acres of grassland at the time of closing. Due to an existing lease, Buyer will receive full possession of 23.99 +/- acres of cropland following the last day of harvesting the 2019 wheat crop, or August 1, 2019, whichever day comes first.   Buyer will receive all 2019 the cash rent proceeds from 28.45 +/- acres of cropland currently leased at $50 per acre.Buyer has the option to cash rent 4.46 +/- cropland acres that are not included in the land sale at $50 per acre from the seller for years 2020 and beyond.  Seller will provide marketable title to the buyer evidenced by a policy of title insurance. Cost of title insurance and transaction closing costs will be divided equally between seller and buyer. Escrow and closing agent will be Collier Abstract & Title Co.. Seller shall pay 2018 and all prior year real estate taxes. Taxes for 2019 and beyond paid by Buyer. Property will not be sold subject to financing. Financial arrangements must be made prior to bidding online. Property sells subject to Owner Confirmation. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 65,000.00 300.00 USD
65,000.01 - 70,000.00 100.00 USD
70,000.01 - 100,000.00 50.00 USD
100,000.01 - 9,999,999.99 50.00 USD
Currency USD
Buyer Premium No Buyer Commission