Unreserved Timed Real Estate Auction for The Estate of Joe Wyshynski    22FL

7225 TWP RD 544 - 160 acres

Productive crop land, old farm site with Shop (heated) & Equipment storage
House is of little value.

Auction begins in :

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Property Summary:

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Supporting Documents:

Property Information Package (PDF)

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Property Detail:

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Services

Directions:

From junction of Hwy 16 (Yellowhead Highway) & Range Road 75, go 10.8 km north on RR 75 to Twp Rd 544, then go 3.7 km east to property on your right.

Legal

Note to Bidders

• When registering to bid you will be required to have a Letter of Confirmation of Funds from your bank. Letter of Confirmation must be on Bank Letterhead with your name & or company name & amount of funds you have access to that you wish to spend up to. This letter of confirmation will have to be emailed to TEAM Auctions.
• Internet Bidding Fees: 10% up to a max of $5,000 per item.
• If you are the successful bidder, to meet the obligations set by the federal government, you will be asked to verify your identification. You will also need to provide us with your lawyer info to complete the real estate transaction.

Highlights of Purchase Contract

Completion Day

Jul 25, 2022 TITLE INSURANCE to ensure that deal closes on Jul 25

Deposit

$20,000 bank draft or approved payment payable to Moores Agri-Trade Ltd. due from successful bidder upon close of bidding / signing of purchase contract. Cash and virtual currency will not be accepted.

Conditions

There are no Buyer Conditions.

Additional Terms

• The property sells as is with no warranties of any kind whatsoever as to the conditions or fitness of the Property, environmental or otherwise.
• No Real Property Report will be provided.
• If there are fences, they may or may not be on property lines
• Any items remaining on the property at closing become the responsibility of the buyer.
• House is of little value
• To ensure that this transaction closes on July 25, 2022 the seller will contribute up to $350 towards the cost of a Title Insurance Policy.
• Seller is willing to offer Tenancy at Will - see attached Tenancy At Will Agreement

Partial Terms and Conditions

1. UNRESERVED: The seller has agreed to accept the highest bid regardless of price. Property will sell to the highest bidder without minimum or reserve.
2. AGENT OF THE SELLER: Real Estate Brokerage acts only as agent of the seller and not as agent of the Buyer. They will provide prospective buyers with all facts known to the agent that will or may affect the marketability or value of the property.
3. NO WARRANTY: The Buyer shall accept the Property as-is where-is and specifically agrees that neither the Seller, Auctioneer or Realtor makes any representations or warranties of any kind as to the condition or fitness of the Property, environmental or otherwise, or any improvements thereon.
4. It is the RESPONSIBILITY OF ALL BIDDERS to review all information provided, including “Property Information Package” from the Real Estate Brokerage and the terms of this auction. All information provided is meant as a guide only. Bidders shall have satisfied themselves as to the descriptions, location and condition of the property prior to bidding. If clarification is required, it is the bidder’s responsibility to obtain clarification from Real Estate Brokerage prior to bidding.
5. GST: Bid price does not include any applicable GST unless announced otherwise by auctioneer.
6. DEPOSIT: Immediately at the close of bidding the successful bidder will make a NON REFUNDABLE deposit payable to the real estate brokerage (as listed in the Property Information Package) in the form of a bank draft or other approved payment. Amount is listed in Property Info Package/or as announced by auctioneer.
7. PURCHASE CONTRACT: The Real Estate Purchase Contract that applies to each property will be available for inspection prior to the auction. Title(s) will be clear of encumbrances except those which are to remain on the title. All bidders agree that, should their bid be accepted, they will complete and be bound by the terms of the purchase contract. Buyer will pay the balance of the purchase price to their lawyer on or before Completion Day. Possession will be in accordance with the terms of the Purchase Contracts. Note: These contracts will not be subject to any buyer’s conditions.

**TEAM SEKURA AUCTION MAIN SALE TERMS ALSO APPLY.