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REAL ESTATE AUCTION

NOTE:  Representatives from Quality Auctioneers

will be at the property site (Cochran Co.) on Tuesday,

February 19th from 10:00 am - 2:00 pm, to answer any

questions or show farmland for your convenience.  

Don’t Miss This Opportunity”

2,124.57 (+/-) Acres of Cultivated Farmland

Offered in Multi-Blocks Located in

Cochran County

Auction Will Be Conducted at the Mallet Event Center

Levelland, TX

WEDNESDAY, FEBRUARY 20, 2019 …. 1:30 pm

(Doors Will Open at 12:30 for early registration, questions, etc)

CONTACT:

Charles Macha, Auctioneer #6911, (806) 893-7151

David Ehlers, RE Agent #0561585, (806) 548-4795

Stephens Realty, Broker

“Call Charles or David prior to auction to schedule viewing of property or questions.”

     

                             

























































































REAL ESTATE AUCTION TERMS & CONDITIONS

PROCEDURE:  All Tracts will be offered in individual tracts, in any combination of these tracts, or as a total unit per auction date and time.  There will be open bidding on all tracts and combinations during the auctions as determined by the Auctioneer.  Bids on tracts, tract combinations and the total property may compete.  The property will be sold in the manner resulting in the highest total sale price.

REGRISTRATION:  Bids will be accepted only from registered bidders.  Registration begins at 12:30 pm at the Mallet Event Center in Levelland, Texas.   Please bring a driver's license for identification.  Auction will begin at 1:30 pm.

BIDDING:  The Auctioneer will determine all bid increments.  All decisions by the auctioneer regarding bid acceptance are final.  

DOWN PAYMENT:  10% of the total contract purchase price will be due as a down payment on the day of auction, with the balance due in cash at closing.  The down payment may be made in the form of cashier's check, personal check or corporate check.  YOUR BIDDING IS NOT CONDITIONAL UP FINANCING, SO BE SURE YOU HAVE ARRANGED FINANCING, IF NEEDED, AND ARE CAPABLE OF PAYING CASH AT CLOSING.

APPROVAL OF BID PRICES:  All successful bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. The auction bids are subject to the acceptance or rejection by the Seller.

DEED:  Seller shall be obligated only to convey a merchantable title by individual DEED and/or TRUSTEES DEED without warranty.

EVIDENCE OF TITLE:  Seller agrees to make available to bidder, a preliminary title insurance commitment to review prior to auction.  The cost of title insurance, if the buyer(s) elect to purchase the title insurance policy will be the responsibility of the buyer(s).  Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar related matters.  All tracts sold "AS-IS".

CLOSING:  The closing shall take place 30 days after the auction or as soon thereafter as applicable closing documents are completed by Seller.

POSSESSION:  Possession of the land shall be at closing or as soon thereafter as current lease agreements expire and 2018 crops are harvested.

REAL ESTATE TAXES:  Real Estate taxes shall be prorated to the date of closing.

MINERALS:  Seller specifically excepts and reserves all minerals, including without limitation, oil, gas, coal, coal bed methane, and all other hydrocarbons, lignite, and all metallic minerals, etc., if any, associated with the referenced real estate, and the term "Property" will not include any mineral rights.

WIND RIGHTS:  The Seller specially reserves 50% of all wind rights.

ACREAGE AND TRACTS: All acreages are approximate and have been estimated based on current legal descriptions.  

AGENCY: Stephens Realty and Quality Auctioneers, Inc. and their representatives are exclusive agents of the Seller.

DISCLAIMER AND ABSENCE OF WARRANTIES:  All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement.  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 Quality Auctioneers.  All sketches and dimensions in the brochure to approximate.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquires, and due diligence concerning the property.  The information contained in this brochure is subject to verification by all parties relying on it.  No liability for its accuracy, errors, or omissions is assured by the Seller or the Auction Company.  Conduct of the auction and increments of bidding are at the direction and discretion of the Auctioneer.  The Seller and Selling Agents reserve the right to preclude any person from bidding if there is any question as to the person's credentials, fitness, etc.  All decisions of the Auctioneer are final.  ANY ANNOUNCEMENTS MADE THE DAY OF THE SALE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE.

NEW DATE, CORRECTIONS AND CHANGES:  Please arrive prior to scheduled auction time to inspect any changes or additions to the property information.

SELLER:  Daniel and Renee Silhan

                                

                                       Now is the TIME to buy “DIRT”.  

Call Charlie or David

for details or to schedule a tour of this cultivated farmland that will

be offered in multi-blocks at auction on February 20th at the

Mallet Event Center in

Levelland, Texas.