Buyers, please review all terms and conditions prior to bidding and buying.
All Online Bidders must be preapproved by Fladeboe Land and supply a bank letter of credit. Bidders must also sign the auction day announcements prior to bidding. The deadline to request approval to bid is no later than 24 hours prior to the auction.
Auction Terms: The successful bidder(s) will pay down $50,000 for Parcel 1 and/or $50,000 for Parcel 2 as earnest money on auction day in the form of a cashier’s check. The non-refundable checks should be made out to Fladeboe Land Trust Account. Buyer’s premium will apply. The successful bidder(s) will enter into a non-contingent, AS-IS purchase agreement on auction day, subject to court approval to comply with MN title standards. The closing(s) will be executed on or before April 9th, 2021, at Attorney Don Wilcox’s Law Office in Benson, MN. Upon successful closing possession will be granted. Announcements made auction day take precedence over printed material. For info packet email Kristine at Kristine@FladeboeLand.com or call her at (320)212-9379.
Fladeboe Land, and their agents, represent the sellers exclusively in this transaction.
The online bidders will be bidding against bidders at the live auction. The online bidding will end at the conclusion of the live auction. The end time of the auction listed online is only an estimate. The results of the live simulcast auction are to be determined by the auctioneer. Auctioneer will decide all final bids.
If, for any reason, there are online bidding issues on the day of the auction, you may call 320-212-9379 for assistance.
Fladeboe Land is not responsible for any lost or missed bids or loss of internet service during the live simulcast auction.
Announcements on the day of the Auction take precedence over all other terms and announcements. The auction day announcements will become a part of the purchase agreement that the successful bidder will be signing.
All information obtained for this auction are from reliable sources. However, the sellers, auctioneers and/or agents do not accept responsibility for the information presented, as it is the buyer’s responsibility to verify all information.
There will be a 5% buyer’s premium added over and above the final accepted bid price to create the contract price.
AS-IS: The Property is being sold strictly “AS-IS – WHERE-IS”.
Non-Contingent: You are buying this parcel non-contingent.
Sellers reserve the right to accept or reject any and all bids.
Execution of Purchase Agreement, Including Auction Terms, and Earnest Money Payment:
Immediately following the auction, the purchase agreement will be sent to the successful online bidder by e-mail, who must deliver it back to the broker by the end of the business day. The Terms of the Auction call for an earnest money deposit to be paid at the close of the auction. An online bidder can make said earnest money deposit by a bank to bank wire transfer. Buyer must either deliver a certified check to the Fladeboe Land Business Office or wire the earnest money funds into the Fladeboe Land Trust Account no later than the end of the next business day. A successful online bidder not executing the purchase agreement by the end of the business day, and/or not depositing the earnest money by the end of the next business day following the conclusion of the auction, will be considered in default. Bidding is not contingent upon financing or any other contingencies. Final cash payment to seller will be on the closing date specified on the sale bill, also read in the opening announcements of the live auction.
By placing a bid you, as the buyer, are agreeing to all the above terms and are legally obligated to fully execute the purchase agreement.
By registering for the online system, you also agree to be added to the Fladeboe Land email list and will receive information regarding upcoming sales.
(Reference to the singular includes a reference to the plural and vice versa.)
Technical Problems: The auction will be conducted live with an online bidding option. Any technical problem that may arise from internet connectivity, hardware, software, human error, or any other such issue, whether on behalf of the Bidder or Auctioneer, may arise at any time without notice. In the event such technical problems arise, neither Auctioneer nor the Seller shall be responsible. Auctioneer reserves the right to cancel, postpone and/or extend the bidding time in the event of such technical problems. Any actions the Auctioneer takes shall be final.
300 14th Street S.