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MARSHALL COUNTY, MN
TIMED ONLINE LAND AUCTION
Land Located: South of Karlstad, MN & east of Stephen, MN. From Florian, MN, east 4 miles on Co. Rd. 6, north 1-1/2 miles on Pembina Trl NW. Land on east side of road.
OPENS: THURSDAY, AUGUST 3 AT 8:00AM
CLOSES: THURSDAY, AUGUST 3 AT 12:00PM
AUCTIONEER’S NOTE: This quarter is presently planted with soybeans for the 2017 crop year. It is partially fenced and features two dugouts for livestock grazing and is surrounded by spectacular deer habitat. This property would be a good addition to any farming/livestock operation! Looking for hunting property with great income potential? Take a look at this land.
Marshall County, MN – Nelson Park TWP
• Description: NW ¼ Less 7 Acres 35-158-46
• Deeded Acres: 153+/-
• Cropland Acres: 139.48
• Enrolled in Arc-County
• Base Acres = Wheat 77.10, Oats .20, Corn 13.20 Barley 33.40
TERMS: Ten percent down upon signing
For a detailed Buyer’s Prospectus with complete terms and conditions contact Steffes Group, Max Steffes 701.212.2849 or Dave Krostue 218.779.6865 or online at SteffesGroup.com
David (Bruce) Ellingson, Owner
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Buyer's Prospectus
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TERMS: TERMS & CONDITIONS. The Terms and Conditions of Sale are set forth upon this page in this Buyer’s Prospectus and the Earnest Money Receipt and Purchase Agreement. The information set forth is believed to be accurate. However, the owner of the properties and Steffes Group make no warranties or All ANNOUNCEMENTS ON AUCTION DAY TAKE PRECEDENCE OVER PREVIOUSLY ADVERTISED INFORMATION. Prospective buyers are advised to consult with an attorney of their choice with respect to the purchase of any real property including but not limited to, seeking legal advice from their own attorney regarding disclosures and disclaimers set forth below.
SPECIFIC TERMS FOR ONLINE ONLY AUCTION This is an online only auction with no buyer’s premium. Steffes Group along with their employees are seller’s agents and are licensed in the state where the property is located. We strongly recommend buyers secure buyer representation, at their expense, in all real estate transactions. Bid placed within the last 4 minutes of the auction will extend the auction an additional 4 minutes. Bid extensions continue and auction does not end until there are no bids for 4 minutes. This property sells for cash with no owner financing. Bidders must have The auction begins at All bidders must register with SteffesGroup.com as an online bidder to participate in the auction. All bidders must register their name, address and telephone number in order for your bidding number to be approved. The successful bidder will be required to sign an Earnest Money Receipt and Purchase Agreement at the close of the real estate auction. A total deposit of 10% of the purchase price will be required. Those funds will be placed in a Real Estate Trust Account as good faith money until closing. The contract signing will take place at Steffes Group, 2000 Main Avenue East, West Fargo ND. If the winning bidder is unable to come to the Steffes Purchasers who are unable to close because of insufficient funds will be in default and the deposit money will be forfeited. Seller will provide up-to-date abstract(s) at their expense and will convey property by Warranty Deed. 2017 taxes to be paid by Seller. Subsequent taxes and or special assessments, if any, to be paid by buyer. Real Estate Taxes are subject to reassessment under Closing Agent Fee will be shared equally between Buyer and Seller. The auction sale is for registered bidders and their guests. All bidding is open to the public and the property is offered for sale to qualified purchasers without regard to sex, race, Please note the bidding will not close and property will not be sold until everyone has had the opportunity to make his or her highest and best bid. The minimum bid raise will be $1,000.00 THE PROPERTY WILL BE SOLD AS IS WITH NO WARRANTIES EXPRESSED OR IMPLIED. THE PROPERTY WILL BE SOLD SUBJECT TO SELLER CONFIRMATION. PROPERTY SOLD WITHOUT WARRANTY SUCCESSFUL BIDDER SELLER’S PERFORMANCE AGENCY DISCLOSURE POSSESSION MINERAL RIGHTS ENVIRONMENTAL DISCLAIMER EASEMENTS AND SURVEY BIDDING PROCEDURE Purchasing the property. Purchasing the property at a price you can afford. How is this accomplished? Estimate comparative value. Experienced buyers always decide what to pay before the bidding begins. Inspect the property carefully. Compare with other properties available in the area. Check the selling price of previously sold properties. Discuss your buying plans with a lender. Have your financing arrangements made in advance. This sale is not subject to financing. AVOID OVER OR UNDER BIDDING Always bid on a property toward a price. Establish that price before the bidding begins. By doing this you will avoid getting caught up in the auction excitement and pay a price that is too high for the market or one that you cannot afford. It will also make you confident to bid to your established fair market value. Many bidders who do not plan ahead end up with regrets after the auction because they were too nervous or uncertain about their judgment to bid. THE BIDDING STRATEGY Research and know the value of the property. Have your financing arranged before the auction. Establish your highest and best bid before the bidding begins. Make your bids promptly to force other bidders up or out without delay.
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