THIS IS A COMPLETED SALE
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Texas Acreage Land for Sale - Lamar County
Previous Page Listing ID#: 267280
Auction Location |
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Petty, TX 75470 |
Auction Dates and Times |
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Bidding Starts: Monday Feb 15 Bidding Ends: Monday Mar 1 |
Auction Type |
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Online Auction VIEW ONLINE CATALOG |
Company Information |
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Myers Jackson Phone: 833-300-2828 Email: bids@myersjackson.com Website: myersjackson.com GoToAuction.com ID#: 4484 View company information and listings |
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Listing Terms and Conditions |
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PROPERTY INFORMATION PACKAGE
PURPOSE: To provide Terms and Conditions of sale for the subject property.
LEGAL DESCRIPTION: 170 +/- Acres, Lamar County, Texas
* Property ID: 81327 - A560 A MC LENNAN SURVEY, TRACT 41, ACRES 22.5
* Property ID: 91386 - A111 E M BENNET SURVEY, TRACT 4 ACRES 129
* Property ID: 91388 - A97 J BAKER SURVEY, TRACT 5 ACRES 35.0 - SOLD
ADDRESS:
* Tract 1, A1 County Road 25630, Petty, TX 75470, Property ID: 91388 - SOLD
* Tract 2, A2 County Road 25630, Petty, TX 75470, Property ID: 91388 - SOLD
* Tract 3, A3 County Road 25630, Petty, TX 75470, Property ID: 91388 - SOLD
* Tract 4, A4 County Road 25630, Petty, TX 75470, Property ID: 81327 and 91386
* Tract 5, A5 County Road 25630, Petty, TX 75470, Property ID: 81327 and 91386
* Tract 6, A6 County Road 25630, Petty, TX 75470, Property ID: 91386
SPECIFIC TERMS and CONDITIONS
Terms and Conditions of the sale may change. Certain requirements may vary from sale to sale. Such
changes shall be considered specific terms of the sale. Specific terms and conditions may include,
however not limited to the amount of Option Money Required, Escrow Deposits, Time to Close,
Auctioneer Fees, Real Estate Brokerage Requirements. Other terms that apply to the property being
offered. Such terms may change without individual notice. It is incumbent on the purchaser to read all
terms and conditions prior to bidding or making an offer.
ORDER OF SALE
The Broker Auctioneer shall determine the order of sale and shall retain the right to schedule,
reschedule or determine the platform and how the sale will be processed.
A property may be offered as a single property or the property may be divided into separate
parcels. {*Most single-family homes would be of ered in a single listing. Land may be divided into multiple tracts. *}
The method that produces the best offer to the seller will determine how this property sells. Property is
selling subject to owner confirmation. Owners have initiated the liberty of bidding and may make
adjustments accordingly. Seller has authorized to refuse bidding privileges to persons that do not qualify
or to those that will not comply with bidding procedures.
PROCESSING of BIDS (OFFERS)
Broker Auctioneer under the direction of the seller may process bids (offers) submitted with proper
qualifications that satisfy the sales process. Additional information may be found under the Bid
Administration tab. Bids (Offers) may be subject to additional payments or fees such as auctioneers fee,
buyer premiums, closing costs.
OPENING BID
Property ID: 81327, 91386 and 91388
* Tract 1, Tract 2, and Tract 3 - 31.8 Acres: $ 122,500.00 - SOLD
* Tract 4 - 60.9 Acres: 0.00
* Tract 5 - 46.9 Acres: 0.00
* Tract 6 - 62.3 Acres: 0.00
Total for 201.9 Acres
An opening bid is required to initiate purchase rights. Bids (offers) may be lower than the suggested
opening bid, however may not warrant suitable or acceptable requirements of the seller. All being subject
to Multiple Offer Management. Opening bids or subsequent bids remain conditional.
PURCHASE AND SALE AGREEMENT (CONTRACT SAMPLE)
Will be available for review prior to bidding upon request. Purchaser will be required to execute and
return immediately after the bid award along with required payments.
SALE TYPE - AGENCY
Seller Confirmation. Brokers - Auctioneers represent Sellers.
TAXES
Taxes currently due shall be prorated on the day of closing. Estimate Annual Taxes $ ______________
INSPECTIONS PREVIEW
Purchasers may conduct inspections prior to sale date. Special requests considered. Text (469) 460-4848.
SALE DATE
Actual day the purchase and sale agreements or other contract documents are executed to confirm the sale
bids are due no later than Monday, March 1, 2021. Subject to change at seller direction. Property may
be sold prior to bid date without notice or announcement.
EXPECTATIONS
Purchasers are to inspect the property at their own expense. Escrow deposits in addition to closing costs,
buyer's premium shall be the purchaser's responsibility. This transaction shall be non-contingent on
financing. Close the transaction on or before Saturday, July 31, 2021.
BROKER PARTICIPATION
A duly qualified broker may be paid up to 3 % commission based on the purchase amount at bid award
with proper registration subject procuring cause rights.
TERMS OF REAL ESTATE
The successful Purchaser(s) shall sign and return a real estate sales contract immediately after closing of
bids or fully accepted offer, transfer by wire or certified funds, immediately after acceptance of offer. A
10% Buyer's Premium will be calculated the bid price on Real Estate then payable to Myers Jackson
Licensed Broker, Auctioneer (LINKS LICENSE DISCLOSURES) immediately after confirmation and
acceptance of offer. * All calculations are per contract.
Option Money 1%
Escrow Deposit 2%
CERTIFICATIONS
Purchaser(s) proof of payment will be certified by the Purchaser at closing. Certified funds will be
required to bid in the amount of $6,000.00 plus any balance of required earnest deposits and buyer's
premium to be tendered on the day of execution of contract with bank letter of guarantee submitted.
TITLE
Seller will warrant transfer of title. Purchaser(s) may purchase title insurance at purchaser's expense at the
time of closing. Subject to exceptions, and Specific General Terms and Conditions.
OPTIONS
The Buyer may or may not propose an option period to purchase this property. Option money shall be
paid at direction of the Seller. Extended option periods may increase the actual amount of option money
paid. No option money is paid if option period is not requested.
ESCROW DEPOSIT
Money will be held at CAPITAL TITLE OF TEXAS, 1105 GLADE RD. STE. 200, COLLEYVILLE, TX
76034, Izzy Lane at (817) 916-8930. Earnest Money will be applied toward the purchase of property
Auctioneers fee or option may belong to the Auctioneer and or Seller at the time of contract certifications.
Appropriation of all funds shall be reflected on the closing document.
CLOSING
Time is of the essence this transaction shall close on or before Saturday, July 31, 2021. The balance of
monies owed shall be made with funds with delivery notification 72 hours prior to closing.
APPRAISALS
Purchasers may conduct an independent appraisal prior to bid award.
DISCLOSURE
Additional disclosures may be available up request at MyersJackson.com and Acre.bid
AUTHENTICITY
The information shall be deemed true and correct; however, the purchaser shall be responsible for
independent verification prior to bidding at purchaser's expense.
NOTABLE OBSERVATIONS
Subject Property: Compatible with the Neighborhood
Energy Source: Electric
Dimensions: Regular Conforming
NOTABLE OBSERVATIONS (continued)
Proximity: Average for Schools, Commerce, Employment
USE Zoning: Agriculture/Residential, Lamar County, Petty, TX
Location: Lamar County, North Texas
Landscaping: Natural
Upgrades: Not Applicable
Physical Deficiencies: None Observed
Environment Impact: No Negative Impact Known
Neighborhood Boundaries: Lamar County
Market Conditions: Favorable
Overall Condition of the Property: Any observation shall not be meant to be any warranty of
condition; no guarantee shall be made to the accuracy of the noted element. Property shall
transfer by deed of record and any claims attached unless otherwise announced. Subject to
Zoning, Planning, any government regulation as recorded at time of purchase.
PERSONAL PROPERTY
Personal property shall be considered a separate purchase and held separate from the sale of real property.
REGISTRATION
Each person participating in the sale or any person that wishes to attend an open house must register in
advance of entry into the property all being subject to seller requirements of preferential invitation. Seller
and Auctioneer will comply with all fair housing regulations; however, entry may be restricted based on
the following: Registration may be subject to additional requirements. However, Broker Auctioneers may
reduce, alter, amend requirements on a case by case basis.
1. Registration in writing, Myers Jackson Bidding Platform or other approved method.
2. Proper Statement of Funding and/or Proof of funds that show capabilities to purchase.
3. Agree to Conditions of Sale in advance of entering property: home or grounds.
4. Enter Factual Buyer information at https:/acre.bid
HOW TO REGISTER AND BID ON-LINE
1. Logon to: https://acre.bid
2. Read, accept term and conditions
3. Enter factual buyers' information
4. Make the highest possible bid
5. Follow, check for additional bids
6. If awarded the bid, prepare to sign contract
7. Understand on-line bidding may be combined with live auctions
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Listing Information |
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Texas acreage land for sale in the Lamar County town of Petty totaling 170.1+/- acres.
Tract 4 = 60.9 acres
Tract 5 = 46.9 acres
Tract 6 = 62.3 acres
Truly buying this land creates the perfect opportunity to build your dream home, build a farm, create an ATV park, and more! Make your offer today!
Ideal for farm land, homesites or recreational use.
**NOTE: Tracts 1,2,3 are already SOLD, SOLD, SOLD!!**
Information About Brokerage Service can be found at: myersjackson.com/texas-information-about-brokerage-services/ 1 170+/- Acres Land for Sale in Lamar County Texas 170+/- Acres Land for Sale in Lamar County Texas Truly buying this land creates the perfect opportunity to build your dream home, build a farm, create an ATV park, and more! Make your offer today! Ideal for farm land, homesites or recreational use. |
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