LAND AUCTION 3 QUARTERS IN RM OF WHITEHEAD

Farm Land Auction in All parcels located in RM of Whitehead, , Manitoba, Canada

05 Wednesday
05th February, 2020 1:00 PM

LAND AUCTION 3 QUARTERS IN RM OF WHITEHEAD

Farm Land Auction in All parcels located in RM of Whitehead, Manitoba, Canada

Wednesday at - 05th February , 2020

Disclaimer

Not responsible for errors in description. Subject to additions or deletions. Property owners and Fraser Auction Service is not responsible for any accidents occurring on sale site. GST & PST where applicable. TERMS: Cash or cheque. NOTE: cheques of $50,000 or more must be accompanied by bank letter of credit. Sale conducted by FRASER AUCTION SERVICE ph: 1-800-483-5856 or 204-727-2001 fax: 204-729-9912 website: www.fraserauction.com

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Auction Items For Sale

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LAND AUCTION FEBRUARY 5th

INVITATION TO

SUBMIT A WRITTEN OPENING BID and

BID BY PHONE AUCTION

Please accept our invitation to submit your opening bid and become eligible to take part in this upcoming land auction. Visit our website www.fraserauction.com for information and forms to become part of the phone bid auction of the 3 parcels of land which are all located in the R.M. of Whitehead.

 (Parcel #1) NW7-9-21W1           (Parcel #2) NE12-9-22W1            (Parcel #3) SE12-9-22W1

I would like to thank you in advance for your interest in this land auction. Should you have any questions regarding this auction and or the process in which it will be conducted please feel free to contact me directly 1-204-724-2131 or e-mail [email protected]

 

Yours Truly;

Scott Campbell

 

Fraser Auction Service Ltd.

 

SELLER INFORMATION:

 

Brent Leigh Thomas

Karen Alison Thomas

Box 471

Hartney, MB.

R0M 0X0

204-483-0161

 

LAND INFORMATION:

Information on land to be sold by written opening bid and phone auction:

Auction consists of 3 parcels of land approx 482.12 total acres (Based on 2019 tax assessments).

Copies of Property Tax Bills are included in package showing assessments and acre area. R.M. map & Google Earth photos showing properties are also included in this package.

EXCLUSIONS TO ALL PARCELS:

  1. All mines and minerals pertaining to property are excluded from this sale.
  2. Corn crop that was still on property at time of listing. Every effort will be made by sellers to have the 2019 corn crop harvested prior to April 1st, 2020. If seller is unable to complete harvest prior to April 1st, 2020 they will be allowed access to properties to complete the harvest as soon as possible. The ownership of the corn crop remains that of the seller and shall survive possession.

        CAVEATS: The buyer will accept title subject to existing caveats and the land in its current condition subject to buyers own inspection and opinion.

Property Descriptions:

PARCEL #1

*NW7-9-21W1 (approx 162.12 acres)

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PARCEL #2

*NE12-9-22W1 (approx 160.00 acres)

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PARCEL #3

*SE12-9-22W1 (approx 160.00 acres)

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For information about previous crop rotations please call Brent Thomas 204-483-0161

 

How the Written Opening Bid /Phone Auction process will work:

  1. Interested parties will be required to complete and return an opening bid on the land for sale to Fraser Auction Service by Tuesday February 4th, 2020.
  2. Only those who complete and return an opening bid will be eligible to take part in the phone auction to take place starting at 1:00pm Wednesday February 5th, 2020.
  3. Opening bids will be placed and bidding will be by dollars per acre, then converted to total dollars per parcel at conclusion of sale.
  4. Acre area based on 2019 Tax Assessments.
  5. Buyers must have financing for purchase in place before bidding. NO CONDITIONS will be accepted. This is an auction and bids will be binding.

 

IMPORTANT DATED TO REMEMBER:

  1. Tuesday February 4th, 2020 (Opening bids close)
  2. Wednesday February 5th, 2020 (Phone auction starting at 1:00pm)
  3. Wednesday April 1st, 2020 (Closing & Possession Date)

 

HOW IT WILL BE CONDUCTED:

  1. Opening bids will be opened once opening bids close.
  2. All parties that send in an opening bid will be placed on the phone auction call list.
  3. Parties will be placed on the call list in the order of value of opening bids (lowest to highest)
  4. The lowest bidding party will be the first to be called and will be told the highest opening bid amount and at that time they have the opportunity to increase their bid to exceed the current highest bid.
  5. If parties are unwilling to increase their bid to exceed current high bid by at least the minimum bid set by the auctioneer they will be removed from the call list and out of the bidding.
  6. This will continue until only one bidder (highest bidder) remains.
  7. Once highest bid is determined it will be forwarded to lawyer for presentation to seller for review.
  8. If bid is accepted the buyer will be required to complete an offer to purchase with a deposit of $25,000.00 per package, payable to Roy Johnston TDS in Trust, the next business day.
  9. If high bidder fails to complete documents then the next highest bidder’s high offer will be reviewed by seller for acceptance.
  10. Date set for closing and take over will be April 1st, 2020 (Balance of sale will be due on or before take over date.)
  11. Buyer is responsible for his or her own costs associated with the purchase of this land.
  12. Buyers must use their own inspection as to environmental status, zoning, acre area, condition of land, and access to property.
  13. 2019 taxes will be paid by seller. 2020 and forward to be paid by buyer.
  14. ATTENTION: Existing corn crop will remain the property of the seller and they will be given a reasonable amount of time to remove it if harvest is not completed by April 1st, 2020.
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