Please Note a 2% fee with a maximum charge of $500 per item applies to items purchased on Live Webcast Auctions.

Terms & Conditions By accepting the terms and conditions of this auction you acknowledge you are entering into a legal and binding contract:

The information set forth is believed to be accurate.  However, the owner of the properties and Steffes Group make no warranties or guaranties expressed or implied.  Information contained in this document was collected from sources deemed reliable and is true and correct to the best of the writer's knowledge.  Auctioneers and owners will not be held responsible for advertising discrepancies or inaccuracies.

ALL ANNOUNCEMENTS ON AUCTION DAY TAKE PRECEDENCE OVER PREVIOUSLY ADVERTISED INFORMATION.

Prospective buyers are advised to consult with an attorney of their choice with respect to the purchase of any real property including but not limited to, seeking legal advice from their own attorney regarding disclosures and disclaimers set forth below.

TERMS OF SALE- 20% of the bid price to be paid on day of auction. With the balance due on or before the closing with a projected closing date of December 6, 2013, upon delivery of merchantable abstract and deed. Personal check or cash is acceptable for down payment; balance shall be paid by cash, certified check or wire transfer. Full possession will be given at the time of closing. Real estate taxes will be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

Immediately following the auction of the real estate, the successful buyer shall enter into a written contract with the seller.

The following taxes are approximate and will be used to prorate at closing.  Net Taxes: $1,278.00 

SPECIAL PROVISIONS:

~ The seller shall not be obligated to furnish a survey.

~ If in the future a site clean up is required it shall be at the expense of the buyer.

~ This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.

~ The buyer acknowledges that he/she has carefully and thoroughly inspected the real estate and is familiar with the premises. The buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the same.

~ Any announcements made on the day of the auction will take precedence over prior advertising and printed matter.

SPECIFIC TERMS FOR ONLINE ONLY AUCTION   

Steffes Group and IQBID.COM along with their employees are seller's agents and are licensed in the state where the property is located. We strongly recommend buyers secure buyer representation, at their expense, in all real estate transactions.

This property sells for cash with no owner financing.  Bidders must have financing secured prior to bidding. The sale of this property IS NOT contingent on the bidder securing financing.

The auction begins at 1:30PM on Thursday, November 7, 2013

•All bidders must register with IQBID as an online bidder to participate in the auction.

•Twenty percent down upon signing Purchase Agreement with remaining balance due at closing.  All bidders must register their name, address, and telephone number at IQBID.com along with submitting a letter of recommendation from your bank or lending institution of your choice to Steffes Group, c/o Chris Richard.  Please email letters to Chris.Richard@SteffesGroup.com, fax to 319-385-4709 or mail to 605 East Winfield Avenue, Mount Pleasant, Iowa 52641 to be approved for bidding. 

•The successful bidder will be required to sign an Earnest Money Receipt and Purchase Agreement at the close of the real estate auction. A total deposit of 20% of the purchase price will be required. Those funds will be placed in a Real Estate Trust Account as good faith money until closing.

•The contract signing will take place on site.

•If the winning bidder needs to make arrangements for signing of the contract, contact Chris Richard 319-217-0657.  Arrangements will be made to email or fax a copy of the contract for signature. The buyer would fax the signed copy back to (319)385-4709 or send a scanned copy by email.

•Purchasers who are unable to close because of insufficient funds will be in default and the deposit money will be forfeited. Balance of the purchase price must be paid in full with cashier's check at closing on or before December 6, 2013.

•Seller will provide up-to-date abstract(s) at their expense and will convey property by Warranty Deed.

•All bidding is open to the public and the property is offered for sale to qualified purchasers without regard to sex, race, color, religion, natural origin or handicap.

•Please note the bidding will not close and property will not be sold until everyone has had the opportunity to make his or her highest and best bid.

•THE PROPERTY WILL BE SOLD AS IS WITH NO WARRANTIES EXPRESSED OR IMPLIED.

All dimensions and descriptions are approximations only based upon the best information available and are subject to possible variation. Sketches may not be drawn to scale and photographs may not depict the current condition of the property. Bidders should inspect the property and review all the pertinent documents and information available, as each bidder is responsible for evaluation of the property and shall not rely upon the Seller, Broker or Auctioneer, their Employees or Agents. The property will be sold AS IS and without any warranties or representations, expressed or implied.

AGENCY DISCLOSURE

Steffes Group,  Inc. is representing the Seller and will be paid by the seller.

POSSESSION

Possession will be at closing.

ENVIRONMENTAL DISCLAIMER

The Seller, Broker and Auctioneers do not warrant with respect to the existence or nonexistence of any pollutants, contaminants or hazardous waste prohibited by federal, state or local law. Buyer is responsible for inspection of the property prior to purchase for conditions including but not limited to water quality, and environmental conditions that may affect the usability or value of the property. No warranties are made as to the existence or nonexistence of water wells on the property, or the condition of any well.

EASEMENTS AND SURVEY

The property to be sold is subject to any restrictive covenants or easements of record and any results that an accurate survey may show.

When using our online auction services you are making firm commitments to purchase said item(s) and are entering into a legal and binding contract. Bids may not be cancelled or retracted for any reason. Non paying bidders or fraudulent bidding will subject you to legal recourse and possible criminal charges including any fraud and/or interstate commerce violations. You also acknowledge that the Internet may be an unreliable and error prone network. Steffes Auctioneers and IQBID.com will not guarantee that bids placed online will always be transmitted to or received by the auctioneer in a timely fashion. You agree to hold Steffes Auctioneers, IQBID.com and their employees harmless for any interruptions in online bidding. Further, the auctioneer has the sole discretion to accept or refuse any bid. Steffes Auctioneers and IQBID.com retains the right, at our sole discretion, to add, delete or change some or all of our online services and the terms and conditions governing their online auctions at any time without notice.