FARM LAND AUCTION RM of GRASSLAND

Click the PDF link above to download and print the complete bid package.

 

LAND AUCTION NOVEMBER 25th

INVITATION TO

SUBMIT A WRITTEN OPENING BID and

BID BY PHONE AUCTION

Please accept our invitation to submit your opening bid and become eligible to take part in this upcoming land auction. Visit our website www.fraserauction.com for information and forms to become part of the phone bid auction of 2 parcels of land (approx. 396.08 acres) located in the R.M. of Grassland.

 (Parcel #1) DES SE 5-5-21W1     (Parcel #2) SW 5-5-21W1           

I would like to thank you in advance for your interest in this land auction. Should you have any questions regarding this auction and or the process in which it will be conducted please feel free to contact me directly 1-204-724-2131 or e-mail [email protected]

Yours Truly;

Scott Campbell

Fraser Auction Service Ltd.

 

SELLER INFORMATION:

 

Sellers:

B & A WOODS FARMS

Blair & Ardelle Woods

Elgin, MB.

(204) 483-0058 cell or (204) 769-2358 house

[email protected] 

 

LAND INFORMATION:

Information on land to be sold by written opening bid and phone auction:

Auction consists of 2 parcels of land approx 396.08 total acres (Based on 2020 tax assessments).

Copies of Property Tax Bills are included in package showing assessments and acre area. R.M. map & Google Earth map showing properties are also included in package.

EXCLUSIONS TO ALL PARCELS:

1)All mines and minerals pertaining to property are excluded from this sale

        CAVEATS: The buyer will accept title subject to existing caveats and the land in its current condition subject to buyers own inspection and opinion.

Property Descriptions:

PARCEL #1

*DES SE 5-5-21W1 (approx 196.98 acres)

Crop History (2019 Canola) – (2020 Oats)

——————————————————————————————————————————

PARCEL #2

*SW 5-5-21W1 (approx 199.10 acres)

Crop History (2019 Canola) – (2020 Oats)

 

How the Written Opening Bid /Phone Auction process will work:

1)Interested parties will be required to complete and return an opening bid on the land for sale to Fraser Auction Service by Tuesday November 24th, 2020.

2)Only those who complete and return an opening bid will be eligible to take part in the phone auction to take place starting at 1:00pm Wednesday November 25th, 2020.

3)Opening bids will be placed and bidding will be by dollars per acre, then converted to total dollars per parcel at conclusion of sale.

4)Acre area based on 2020 Tax Assessments.

5)Buyers must have financing for purchase in place before bidding. NO CONDITIONS will be accepted. This is an auction and bids are binding.

 

IMPORTANT DATED TO REMEMBER:

1)Tuesday November 24th, 2020 (Opening bids close)

2)Wednesday November 25th, 2020 (Phone auction starting at 1:00pm)

3)Thursday January 14th, 2021 (Closing & Possession Date)

 

HOW IT WILL BE CONDUCTED:

1)Opening bids will be opened once opening bids close.

2)All parties that send in an opening bid will be placed on the phone auction call list.

3)Parties will be placed on the call list in the order of value of opening bids (lowest to highest)

4)The lowest bidding party will be the first to be called and will be told the highest opening bid amount and at that time they have the opportunity to increase their bid to exceed the current highest bid.

5)If parties are unwilling to increase their bid to exceed current high bid by at least the minimum bid set by the auctioneer they will be removed from the call list and out of the bidding.

6)This will continue until only one bidder (highest bidder) remains.

7)Once highest bid is determined it will be forwarded to lawyer for presentation to seller for review.

8)If bid is accepted the buyer will be required to complete an offer to purchase with a deposit of $25,000.00 per package, with lawyer in Trust, the next business day.

9)If high bidder fails to complete documents then the next highest bidder’s high offer will be reviewed by seller for acceptance.

10)Date set for closing and take over will be January 14th, 2021 (Balance of sale will be due on or before take over date.)

11)Buyer is responsible for his or her own costs associated with the purchase of this land.

12)Buyers must use their own inspection as to environmental status, zoning, acre area, condition of land, and access to property.

13)2020 taxes will be paid by seller. 2021 and forward to be paid by buyer.