TERMS:

Terms and conditions of live real estate auction: ABSOLUTE AUCTION, NO RESERVE. All bidders must present irrevocable letter of credit for earnest money down payment prior to obtaining a bidder number. All bidders will be required to register for the auction, 10% irrevocable earnest money paid on purchase price immediately following the auction. Contact broker for online terms and conditions, pre-bidding will be available along with simulcast internet bidding. Balance due to be paid in certified funds on or before JUNE 13TH 2017, 5:00 p.m. closing will be held at Black Hills Title Company in Sturgis SD. Seller to pay all 2016 and prior taxes, 2017 taxes will be prorated to date of closing based on current tax information. Property will be sold without buyers contingency of any kind, make sure your financial arrangements are in order before bidding, this is a cash sale. Possession will be on closing. A title insurance policy will be provided by the seller and will be available for buyer inspection before the auction. Title company closing costs and title policy will be split evenly between buyer and seller. Closing will take place at Black Hills Title Company, Sturgis, SD. Seller owned Oil, gas, minerals and sand-rock-gravel rights will be transferred to buyers on the following schedule: 50% at closing date; 75% transfer after 7 years from closing date. All Sellers owned fossil rights are retained by the sellers. All information has been acquired by sources deemed reliable, however neither the auctioneers, associated personal or the seller make any warranty or guarantees either expressed or implied. Property is sold strictly “as is-where is”. The auction company represents the sellers in this transaction. Announcements made sale day take precedence over any printed material or prior representations. Neither the sellers nor the Auction Co. are responsible for printing errors. Contact our office for details, guidelines & fee schedule. This is a public auction. This property is available to qualified purchasers without regard to race, color, religion, sex, familial status, national origin, or physical handicap. Buyer broker participation is available with approval of listing Broker and Sellers to any current actively licensed South Dakota real estate professional.

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