Real Estate Terms & Conditions

A DEPOSIT OF 10% OF THE SALE PRICE IS DUE ON THE DAY OF THE AUCTION WHEN THE SUCCESSFUL BIDDER WILL EXECUTE A STANDARD REAL ESTATE CONTRACT. BUYERS SHALL PROVIDE A BANK LETTER OF CREDIT IN THE AMOUNT OF THE DEPOSIT OR THROUGH PRIOR ARRANGEMENTS SUITABLE TO SELLERS AND AUCTIONEERS. THE REMAINDER OF THE PURCHASE PRICE IS DUE AT CLOSING ABOUT 45 DAYS AFTER THE SALE. SELLERS WILL PAY TRANSFER TAX AND PROVIDE A CLEAR MARKETABLE TITLE AT CLOSING. REAL ESTATE TAXES WILL BE PRORATED TO THE DATE OF CLOSING. THE PROPERTY IS BEING SOLD “AS IS WHERE IS”. CLOSING WILL BE HANDLED BY DAVE GROOTERS OF MASON CITY. SELLERS HAVE THE RIGHT TO REJECT ANY OR ALL BIDS. STATEMENTS ON THE DAY OF THE AUCTION WILL TAKE PRECEDENCE OVER ALL PRIOR COMMUNICATION, WRITTEN OR ORAL. THE INFORMATION GATHERED FOR THIS BROCHURE IS FROM SOURCES DEEMED RELIABLE, BUT FOX AUCTION COMPANY & THE SELLERS DO NOT GUARANTEE THE ACCURACY. ALL PROSPECTIVE BUYERS SHOULD DO THEIR OWN RESEARCH AND INDEPENDENTLY VERIFY ANY INFORMATION ON WHICH THEY ARE GOING TO BASE THEIR DECISION TO BUY. ALL ACRES ARE CONSIDERED MORE OR LESS. THE PROPERTY IS BEING SOLD SUBJECT TO ANY EASEMENTS OF RECORD OR PENDING. THE SELLERS DO NOT WARRANTY OR GUARANTEE THAT EXISTING FENCES COINCIDE EXACTLY WITH THE RECTANGULAR SURVEY LINES. ANY NEW FENCING, IF APPLICABLE, WILL BE THE RESPONSIBILITY OF THE PURCHASER PURSUANT TO IOWA STATUTES. SALE IS SUBJECT TO COURT APPROVAL.

Fox Auction Company LLC are agents for the Seller.