This auction will be in the comfort of the Tell City Depot located at 333 7th Street, Tell City, IN 47586. 

The tracts will be sold using the multi-parcel method. Broker participation will be at the auctioneers discretion. 

All inspections must be done 10 days prior to auction. 10% Down (non-refundable) from Buyer day of auction with balance due in 45 days. Terms and statements made the day of auction will apply.

Dixon & Dixon Auction Service LLC Term Sheet AUCTION TERMS 6/29/2024

Owner: Dorothy Kessner Estate

PROCEDURE:  The real estate will be offered in 3 Tracts. There will be open bidding during the auction as determined by the Auctioneer.  Conduct of the auction and increments of bidding are at the discretion of the auctioneer.  All decisions of the Auctioneer are final.

DOWN PAYMENT: A 10% down payment is due on the day of the auction with the balance due within 45 days of auction date. The down payment may be in the form of cash, cashier’s check, personal check or corporate check.  Bidding is not conditional upon financing.  Bidders should arrange for financing, if needed, prior to auction.  The down payment is non-refundable.

NO BUYER’S PREMIUM: Dixon & Dixon Auction Service, LLC does not charge a buyer’s premium.

ACCEPTANCE OF BID: Successful bidder(s) will be required to enter into a Purchase Agreement at the auction site immediately following the close of the auction.  The real estate will be selling with an owner reserve.

DEED: Seller shall provide a sufficient deed conveying title to the property.

CLOSING: The balance of the purchase price is due within 45 days of the auction date. Closing to be conducted by an appropriate title company or attorney paid for by the buyer. Seller will pay to prepare the new deed and furnish title opinion only.  All other title work required or requested by buyer or lender will be at the expense of the buyer, such as title insurance, any and all closing cost, etc.

POSSESSION: Buyer will receive possession at closing.  All personal property remaining the day of closing will become that of the new owner.  

REAL ESTATE TAXES: The real estate taxes will be the responsibility of the buyers beginning with the taxes due and payable in Spring of 2025, and thereafter.

ACREAGE: All tract acreages, dimensions, and proposed boundaries outlined on the auction plat and all advertising are approximate and are estimated based on current legal descriptions and/or aerial photos.  Purchaser should make his/her own independent determination of acreage prior to bidding. Dixon’s will be selling property based on what current deeds call for. Dixon’s will not be selling property per acre. Therefore, no adjustments will be made after auction on purchase price based on survey or otherwise by Buyer or Seller.

MINERALS: Sellers will convey all minerals rights to the buyer.

SURVEY:  If survey is deemed necessary to establish a legal description, that cost will be the buyer’s responsibility, no survey will be provided.

DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this and all related materials are subject to the terms and conditions outlined in the Purchase Agreement, which shall take precedence.  The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller or DIXON & DIXON AUCTION SERVICE, LLC., including, but without limitations to fitness for a particular use, physical condition, any specific zoning classification, flood zone classification, title, location of utilities, assurance of building permits, driveway permits, or water and septic permits, easements of any kind, and any and all gas or oil leases with the property. By purchasing this property today at Auction you agree to accept the property in its as-is state with known and unknown conditions that may exist but are not limited to flood plain, unstable ground, fire damage, wind damage, structural unstableness or damage of any kind pertaining to the structure. All sketches and dimensions are approximate.  The condition of the septic system or lack thereof a septic system cannot be guaranteed. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property prior to auction. A 10 day period was given to all prospective buyers prior to auction to complete any and all inspections they desired. “No Broker Participation.” Statements made day of auction take precedence over any verbiage or advertisements prior to auction.