There is a 4% Buyer's Premium
The 4% fee outlined previously shall be in addition to the final bid price to equal the full purchase price.
Property to be sold BY DEEDED ACRE ( price X 54.44)
Auctioneer is representing the seller
Property Has Been Surveyed
Real Estate is being sold "As Is, Where Is" with no Contingency Seller and Auctioneer give no warranties or guarantees; expressed or implied
Financing is not a contingency for this Auction
Taxes will be Prorated
Buyer should rely on their own information and judgement
Property will be sold subject to owner confirmation
Successful bidder will be required to pay 10% down (non-refundable) and sign a purchase agreement immediately following the auction. The Balance will be due at closing, approx 30 days after auction or when paperwork is prepared
A Real Estate Attorney will be handling all earnest money
Closing will take place at Swenson, Nelson, & Stulz in Madison, MN
Buyer and seller are responsible for their own closing costs
All announcements made on auction day take precedence over any advertised material
A clean and marketable title will be available day of closing
All information provided in all forms about the subject property were obtained from sources deemed reliable. While we do not doubt the accuracy, we have not verified it and make no guarantee, warranty, or representation about it. Any projections, opinions, assumptions, or estimates used are for example only and do not present the current or future performance of the property. It is your responsibility to independently verify the accuracy and completeness of all information
Fragodt Auction Company does not guarantee that bids placed online will always be transmitted to or received by the auctioneer on time. At the discretion of Fragodt Auction Co., any online auction may be suspended, postponed, or cancelled if internet service is unreliable and/or disrupts the ongoing live auction. Under no circumstances shall the bidder have any kind of claim against Fragodt Auction Company or anyone else if the internet service fails to work as intended before or during any auction.
Use of site: Fragodt Auction and Real Estate LLC or it's Sellers cannot, and will not, be held responsible for any interruption in service, errors, and/or omissions, caused by any means and does not guarantee continuous, uninterrupted or error free service or use of the site. Bidder acknowledges that this auction is conducted electronically and relies on hardware and software that may malfunction without warning. Fragodt Auction and Real Estate LLC, at its sole discretion, may void any sale, temporarily suspend bidding or reschedule the closing date of the auction and resell any items/lots that were affected by any malfunction. The decision of Fragodt Auction and Real Estate LLC is Final.
Fragodt Auction Company also has the right to refuse, add, delete, or change any bids placed online. As well as make any changes to our Terms and Conditions governing those auctions at any time.
All items purchased on an online auction may be deemed abandoned after 30 days of the auction and may be subject to resale, and/or added storage and loading fees.
Fragodt Auction Company and it's sellers are not responsible for stolen, lost, or damaged items (including loading, unloading, packaging, etc) and a refund or discount will not be offered.
Fragodt Auction Company has the right to resolve any bidding issue how they see fit.
Any action commenced to enforce any of the terms and conditions set forth herein shall be venued in the District Court of Lac qui Parle County, State of Minnesota, and Fragodt Auction Co. shall be entitled to an award of reasonable attorney fees and costs incurred in said action. The terms and conditions shall be binding on the party's heirs, successors and assigns.
Sales tax will apply on applicable sales. A tax Exempt link will be provided on your invoice. It will need to be filled out and returned to Fragodt Auction Company in order to remove the sales tax.
All online auctions will have a staggered ending. The auctions will usually close 1 item every 2 or 3 minutes, but that can change at any time. If an item receives a bid with in the last 2 or 3 minutes of that items being open, it will automatically be extended 2 or3 minutes and will continue to do so until no bids have been received in 2 or 3 minutes. Staggered ending time will be clearly visible for each auction.
Shipping and shipping arrangements are the sole responsibility of the buyer.