iAuction Terms & Conditions 

1. Procedure: Bidding ends Thursday, August 1, 2024 at 10:00 AM, with a soft close, meaning that a bid in the final minute will extend bidding by 5 minutes on each tract. All bids placed are by the Acre!   

2. BUYERS PREMIUM: 5% Buyer’s Premium will be added to the final bid price to arrive at the contract sales price. 

3. ACCEPTANCE OF BID PRICES: Winning bidder will enter into a Contract to Purchase immediately upon being declared the Successful Bidder by the Auctioneer. Upon the close of the auction, the winning bidder will be forwarded via email a Contract to Purchase. Trophy Properties and Auction must receive a signed copy of the contract on or before 12:00 NOON, Friday, August 2, 2024 (hand delivered, faxed, or scanned and emailed). The Seller reserves the right to reject any and all bids. Once accepted, this agreement shall be binding on the parties and their successors and assigns. This agreement is NOT subject to financing, inspections, or other contingencies or delays the closing for such reason. 

4. DOWN PAYMENT: 10% of the contract purchase price will be due upon acceptance of the Sales Contract. Business or Personal Checks or Wire Transfer are accepted. 

5. BIDDING: Once submitted, a bid cannot be retracted.  

6. CLOSING: Closing shall be on or before 3:00 PM., Thursday, September 5, 2024. 

7. POSSESSION: Possession will be given at closing, subject to the remaining rights of the current tenant if any. 

8. TITLE: Seller shall furnish the buyer(s) at Seller’s expense an Owner’s Policy of Title Insurance in the amount of the purchase price, and agrees to provide and execute a proper deed conveying merchantable title to the real estate to the buyer(s). 

9. SURVEY: AT SELLERS OPTION, the Seller shall provide a new survey where there is no existing legal description to convey title.  

10. REAL ESTATE TAXES: The 2024 Real Estate taxes to be paid by the Sellers.  

11. Under no circumstances shall Bidder have any kind of claim against Trophy Properties and Auction, or anyone else if the Internet service fails to work correctly before or during the auction. 

The information is believed to be accurate; however, no liability for its accuracy, errors or omissions is assumed. All lines are drawn on maps, photographs, etc. are approximate. Buyers should verify the information to their satisfaction. There are no expressed or implied warranties pertaining to this property. Both real estate (including all improvements, if any) is being sold As Is, Where Is with NO warranties expressed or implied. Please make all inspections and have financing arranged prior to the end of bidding. All announcements made day of sale take precedence over prior advertising either written or oral.  This property is subject to prior sale. 

Marion County, MO Land for Sale at iAuction – Sternke Farm 

Preview Date Wednesday, July 24^th 6PM to 8PM.  

Bidding Ends Thursday, August 1^st at 10AM.  

These 127± flat to gently rolling acres are conveniently located on hard surfaced County Road 402 four (4) miles east of Palmyra and nine (9) miles northwest of Hannibal in the Palmyra School District. There are approximately 88 acres of open land. Most of those acres have been cropped in the past and are now sowed in clover with an outstanding stand. The balance of those acres is in grassland and being used for hay crop and pasture. The remaining 39± acres are wooded draws with spring fed creeks meandering through the property. The Sternke farm offers outstanding hunting and recreation along with great homesites with views. Farmland in this area rarely comes available to the public. Rural water, electricity, and natural gas are nearby. Don’t miss out on the chance of a lifetime to own a slice of the Sternke Farm.  

For more information call or text Jason Kneib at 636-295-7047. 

Tract 1: 14± flat to gently rolling acres currently sowed to clover. This tract of land fronts County Road 402 and has rural water, electricity, and natural gas nearby. Nice homesites in the Palmyra School District.  

Tract 2: 113± flat to gently rolling acres in clover, hay, pasture, and wooded draws with spring fed creeks. This tract fronts County Road 402 giving it access to the nearby utilities. The land offers excellent hunting, recreation, and has two small ponds.