LIVE ONLY - Multi-Tract Live Auction - NM and TX Land for Sale
Start Bidding:
1/1/2026 2:44:00 PM MTEnd Bidding:
2/11/2026 5:00:00 PM MTEvent Date:
2/11/2026 10:00:00 AM MTAddress:
1704 S Avenue DTERMS:
TERMS: 5% Buyer’s Premium applies. 10% down day of auction, balance due at closing. See website for complete terms and conditions of auction. https://bit.ly/SilhanAuction
AUCTION BIDDER AGREEMENT
LEGALLY BINDING DOCUMENT
IMPORTANT: IF YOU DO NOT UNDERSTAND THE TERMS AND CONDITIONS BELOW, CONSULT AN ATTORNEY BEFORE SIGNING.
I, __________________________________________ (Buyer), agree to immediately enter into a Purchase Contract if I am declared the high bidder (winning bidder) by the auctioneer during the following auction:
Description of Land: See full legal descriptions in the Title Commitment.
Legal Description: See Exhibit A
Auction Date/Time:
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Live Bidding begins February 11, 2026, at 10:00 AM MST
Location of Live Auction:
Creighton’s Meeting Room
1704 S. Ave D, Portales, NM 88130
By signing below, I acknowledge that I have read and fully understand the Auction Bidder Agreement and the Terms and Conditions of this auction.
I understand that an Auction Bidder Agreement must be signed and returned to the auction company before being allowed to bid. It is solely my responsibility to contact the auction company at (806) 686-6371 (Texas Office) or (575) 760-8088 (New Mexico Office), or the auctioneers directly at (806) 786-5426 (Monty Edwards, Texas) or (575) 760-8088 (Scott Burton, New Mexico) with any questions regarding the auction, purchase agreement, or terms and conditions prior to placing a bid.
Auction Terms & Conditions
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Seller’s Confirmation
The property is offered in a Public Auction. This is a reserve auction, and all bids are subject to final approval and acceptance by the Seller. -
Auction Bidding Registration
Bidders must be properly registered by completing and signing the Auction Bidder Agreement. Registration may be completed via DocuSign or directly from the Broker/Auctioneer. Upon approval, bidding privileges will be granted.For assistance, contact:
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Monty Edwards: (806) 786-5426 | Monty@MEdwardsAuction.com
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Scott Burton: (575) 760-8088 | Scott@sburtonrealty.com
Seller may require additional registration from unknown bidders at their discretion.
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Auction Format
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Online bidding opens as indicated, with live bidding starting on the date, time, and location above.
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The auction uses a Round Robin, Multi-Round Single Tract Format. All 9 tracts will be offered individually.
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Bidding occurs in rounds; no tract is declared sold until all rounds are complete.
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After the first round, bidding reopens for any tract to increase bids.
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Properties will be sold individually; no combination or group bidding is allowed.
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Agency Disclosure
Brokers/Auctioneers act exclusively as agents for the Seller. They do not represent the Buyer. Any third-party broker is not a subagent. -
Property Preview & Inspection
Bidders are strongly encouraged to inspect the property before the auction.Contact for previews:
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Texas: (806) 686-6371 / Monty Edwards: (806) 786-5426
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New Mexico: (575) 760-8088 / Scott Burton: (575) 760-8088
Buyer agrees to indemnify and hold harmless the property owner from any damages during inspection. Cattle may be present; close all gates and avoid tall grass.
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No Financing Contingency
All bids are cash offers. Bids are not contingent on financing. -
Buyer’s Premium
A 5% Buyer’s Premium will be added to the winning bid to determine the Total Purchase Price. -
Purchase Contract
Winning bidders must enter into a Contract to Purchase immediately upon Seller acceptance. The signed contract must be returned within 24 hours via hand delivery, fax, or email. A copy is available online prior to bidding. -
Down Payment / Earnest Deposit
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Non-refundable down payment: 10% of Total Purchase Price
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Payment due to Title Company within 48 hours of auction close
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Remaining balance due at closing
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Closing
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Texas Properties: On or before March 11, 2026, at Rowe Abstract & Title Co., Littlefield, TX
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Contact: Bridgette Thompson, (806) 385-4420, titlework@roweabstract.com
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New Mexico Properties: On or before March 11, 2026, at Aztec Abstract & Title Insurance, Portales, NM
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Contact: Kristen Nichols, (575) 359-2132, k.nichols@aztectitlenm.com
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Out-of-state buyers may close remotely.
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Easements & Leases
Sale is subject to all easements of record and existing leases. -
Minerals & Special Provisions
See Exhibit E for reservations or special provisions included in the Purchase Contract. -
Survey
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If required, the Seller pays for surveys for title purposes.
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If two adjoining tracts are purchased, additional surveys are at the Buyer’s expense.
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Advertised acreages are approximate.
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Possession
Delivered at closing, subject to the Deed, Title Commitment, and Sales Contract. -
Title
Seller provides a Preliminary Title Commitment and a Special Warranty Deed. -
Taxes
Seller pays prior-year taxes. Current-year taxes are prorated to closing. -
Online Auction Disclaimer
The auction company is not liable for internet failures. Bidders should use the Maximum Bid feature or attend in person. Auction may be paused to maintain fairness. -
Broker Participation
Contact the Broker/Auctioneer for broker registration information. -
Equal Opportunity
Open to all qualified bidders without regard to race, color, national origin, religion, sex, familial status, or physical handicap. -
Miscellaneous
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Broker/Auctioneer decisions are final on bidding methods, disputes, increments, tie bids, and other issues.
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Property may be sold prior to auction day.
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Auction may be recorded.
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Seller reserves the right to announce additional terms before or during the auction.
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Disclaimer
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Information is believed accurate but not guaranteed.
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Properties are sold “AS-IS, WHERE-IS” with no warranties.
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Buyers must conduct inspections and arrange financing before bidding.
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Participation constitutes a binding agreement to purchase, subject to Seller approval.
Sign Below:
Buyer Signature: ____________________________
Date: __________________