Two Farmland Properties at 3371 W. Cedarville Road, Freeport, IL

BUY ONE OR BUY BOTH!

We are selling two different farmland properties to settle and estate.  To see all the photos for a specific lot, you must click and go inside that lot.

Properties are located at 3371 W. Cedarville Road, Freeport, IL 61032

PROPERTY PREVIEWS (OPEN HOUSES):
Sunday, October 17, 2021 from 1:00 PM – 2:00 PM
Saturday, October 23, 2021 from 1:00 PM – 2:00 PM
Saturday, October 30, 2021 from 1:00 PM – 2:00 PM

AERIAL DRONE FOOTAGE OF BOTH PROPERTIES: https://youtu.be/rTfsItRMebw

LOT 1

1. These are ONLINE public real estate auctions…they are NOT foreclosure auctions. These auctions are being conducted to settle an estate. Title to the properties is guaranteed to be free and clear from all liens and encumbrances with all property taxes paid up until closing. Pre-auction offers will be considered (auction is subject to prior sale).  Bidder agrees to all terms and conditions of the auction(s) set forth prior to bidding on the auction(s). These terms and conditions are made part of the offer to purchase. All bidders are required to register online prior to the beginning of the online auction(s) if they intend to bid. Each bidder is assigned a unique bidder number. In consideration of being allowed to participate in these auctions, bidder agrees that all bids he or she submits are irrevocable and binding.
2. Disclaimer & Absence of Warranties: All properties are sold “AS IS, WHERE IS’ with no financing, inspection, appraisal, zoning, or other contingencies to sale. No warranty or representation, either expressed or implied, concerning the property is made by the Seller or the Auction Company. All sketches and dimensions in any brochure or marketing are approximate. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is subject to verification by all parties relying on it. No liability for its accuracy, errors, or omissions is assumed by the Seller or the Auction Company. Potential buyers can arrange for their own property inspection by a licensed inspector prior to the auction date at their expense (this must be completed 72 hours before the start of the auction).
3. Conduct of the auction(s) and increments of bidding are at the direction and discretion of the Auctioneer. The Auctioneer cannot, and will not be, held responsible for any interruption in service, errors, and/or omissions, caused by any means and does not guarantee continual, uninterrupted or error free service or use of the Site. Bidder acknowledges that these auctions are conducted electronically and relies on hardware and software that may malfunction without warning. The Auctioneer, in their sole discretion, may void any sale, temporarily suspend bidding and re-sell any lot/property that was affected by any malfunction. All decisions of the Auction Company/Auctioneer are final.
4. Lot 1 - This is a Buyer’s Fee Auction. A buyer’s fee of 10% plus the high bid shall equal the total purchase price. This Auction has a minimum opening bid of $149,000. The successful bidder must make a $6,000 down payment of earnest money (non-refundable) by 2:00 p.m. on Wednesday, November 3, 2021. Payment may be made with cash or certified funds. Successful bidder will be required to sign a standard offer to purchase agreement. This is an owner confirmation auction. Earnest money deposit is non-refundable if the offer is accepted by the seller and will be applied to the purchase price at time of closing. Buyer agrees to close with the balance of the purchase price due and payable at closing on or before Monday, December 6, 2021 (certified funds or lender financing). An additional two-week extension to this closing deadline can be made with an additional payment of $3,000 earnest money (non-refundable). Closing will be conducted by Security First Title Company in Freeport, IL.

1. Changes, corrections, and new additions: please check our website and the auction you are interested in prior to the scheduled auction time to inspect any changes, corrections, or additions to the property photos and information.
2. Seller to provide title insurance and pay all taxes to date of closing. Buyer acknowledges that buyer is responsible for all other closing costs pertaining to the buyer’s side of the HUD Settlement Statement (Closing Statement), these costs may include, but are not limited to the balance of the sale, attorney fees, deed preparation, deed recording, survey (if required), mortgage fees, or any other fees or expenses required on their side to close the transaction.
3. Agency: Beloit Auction & Realty Inc. represents the Seller(s) only and does not inspect properties on bidder’s behalf. Potential buyers must conduct their own due diligence and investigation of each property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction.
4. Buyer Agency Agreement: All bidders are responsible to notify auctioneers of any potential buyer agency agreement(s) in place before registration and bidding on the auction(s) at least 72 hours prior to the start time of the auction(s). If a bidder chooses to use a real estate broker/agent, a cooperating firm commission is contingent upon, and will ONLY be paid to the broker/agent if they attended the first property showing their bidder/buyer attended and registered their name alongside of their bidder/buyer on the sign-in sheet, the online “Broker/Agent Co-Broke Acknowledgment Form” is received by the auction company at least 72 hours prior to the start time of the auction, and if the real estate broker/agent's bidder/buyer has placed at least one bid 72 hours prior to the start time of the auction, no exceptions.
5. If a bidder is the winning Buyer and refuses or fails to complete the transaction for ANY reason (including, but not limited to, remitting the total purchase amount), Buyer shall relinquish ANY right to complete the transaction and shall have no rights or interest in the property, as well as forfeit all deposit monies as liquidated damages to Seller. PLEASE BE ADVISED: Various state statutes give Seller the right to pursue legal action against bidders who refuse to complete transactions. This may include (but is not limited to) suit to compel completion of the sale, and/or criminal charges of fraud or other intentional act. Any dispute between the Auction Company/Auctioneer and bidders or buyers will be dealt with through arbitration in Rock County, WI.