Iowa Farmland Auction

View the Sale Flyer (takes a minute or two to load)March 5th 2008 at 10:00am

Stanton Community Center 205 Broad Avenue Stanton, Iowa

On March 5th we will be offering 235 Acres of land at auction in Stanton Iowa.  This farm is located west of Stanton The LEGAL DESCRPTION is E1/2 E 1/2 of Section 7, and W 1/2 NW 1/4 of Section 8, all in Township 71 North, Range Thirty-Seven, West of the Fifth Principal Meridian, Scott Township Montgomery County Iowa.  This farm is a high quality Iowa farm.

Tract #1:  Total Acres 80 m/l , Cropland 75.6 acres according to FSA. Taxable Acres 76.96.  Method of sale 76.96 X bid price to determine total sales price.  FSA Info

Tract #2: This tract will be 155 acres  more or less.  Cropland 141.3 acres.  Approximately 5 acres to be surveyed off at sellers expense for homesite at 2337 M Avenue.  Taxable acres 149.09.  Method of sale 149.09 X bid price to determine total sales price.  1.4 acres enrolled in CRP.

CSR (Combined Parcels) 74.8 overall average

FSA Data (combined parcels): Farm #804 Tract #1097  

Method of Auction: Auction will begin promptly at 10 am and the order of the sale will be Tract 1 then Tract 2.

Survey: Should Tract 2 sell the buyer will be given the opportunity to purchase the home and buildings, otherwise a survey will be completed at the sellers expense to remove the home and buildings from their current parcel. The survey will determine the property boundaries. Cost of the survey will be paid by the seller.

Minerals: All mineral rights owned by the sellers, if any, will be conveyed to the buyer.

Conditions: The sale is subject to all easements, covenants and restrictions of record.  All property is being sold on an "as is, where is" basis with no warranties or guarantees expressed or implied, made by the auctioneer, seller or seller's agent. All inspections are the responsibility of the buyers and at the buyer's expense.  Farm is leased through the 2008 season.  Lease available for inspection by buyer. 

Possession:  Landlords possession at closting subject to tenants rights until March 1, 2009.

Earnest Payment : A 10% earnest money payment is required on the day of the auction. The earnest money may be made in the form of a check or cash. The earnest funds will be held in the Cramer Realty, Inc. Real  Estate Trust Account. Your bidding and this sale are not subject to buyer financing, so buyer financing must be arranged prior to the auction.

Contract and Title: Directly upon the conclusion of the auction, the high bidder(s ) will enter into a real estate contract and deposit with Kramer Realty, Inc., the required earnest payment. The seller will provide a current abstract at their expense for review and opinion by the buyer's attorney.

Closing: The closing date for all tracts will be on or before 30 days after auction date.

Real Estate Taxes: Real estate taxes will be prorated to the date of closing.

NOTICE:  All equipment, livestock and machinery found on the property are not included in the sale and will be removed prior to closing. Property information provided herein was obtained from sources deemed reliable, but the auctioneer, sellers or seller's agent, make no guarantees as to its accuracy. All prospective buyers are responsible for conduction of their own independent inspections, investigations, inquiries and due diligence concerning the property. All sketches, dimensions and acreage figures in this information are approximate or "more or less".  Lines drawn on photos are approximate.  Any announcements made the day of the auction will take precedence over any other printed material or oral statements. Absentee or telephone bids will no t be accepted without prior approval of the seller's agent or auctioneer. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. All decisions of the auctioneer and/or seller's agent are final.