Unreserved Online Timed Real Estate Auction - Various Consignors    23FE

9.79± Acres w/Home in Rural Leduc County

9.79± Acreage with Home, 28157 TWP Rd 485

Auction begins in :

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Property Summary:

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Supporting Documents:

Title (PDF)Foundation repair estimate (PDF)Property Information Package (PDF)

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Property Detail:

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Home Detail:

Services

Location

Directions:

From Thorsby - junction of 50 Ave and Hwy 778 go south 3.9 km to Glen Park Rd (Twp Rd 490), then east (left) 3.3 km on Glen Park Rd to RR10, then south (right) 1.6 km to Twp Rd 485, then east (left) 0.8 km to property on your right. OR
From Calmar - junction 50 St & Hwy 795, go south 8.1 km on Hwy 795 to Glen Park Road (Twp Rd 490), then west (right) 11.4 km to RR281, then south (left) 1.6 km to Twp Rd 485, then west (right) 1.1 km to property on your left.

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.
• Bidders must satisfy themselves as to the exact current acres, property lines and fence locations, building sizes, taxes and assessments, zoning and permitted uses & surface lease revenue details. Property titles are available upon request. The information provided is a guide only.

Highlights of Purchase Contract

Completion Day

Jul 17, 2023 Closing is July 17, 2023

Deposit

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

Additional Terms

• Buyer acknowledges & accepts:
• The Property sells as-is with no warranties of any kind whatsoever & 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.
• The Seller has the legal right to sell the property.
• The Seller is not a non-resident of Canada for purposes of Income Tax Act (Canada)
• A Real Property Report will not be provided.
• There are moisture issues in foundation and those moisture issues have caused issues in other areas of the home & that the all moisture issues are the total responsibility of the buyer.
• Approximately 7 acres is rented & has been seeded for the 2023 crop season. Renter will have access to harvest the crop until Nov 30, 2023. Buyer will not receive any portion of the crop rent.
• Property is not perimeter fenced.
• All items remaining on the property on Completion Day will become the responsibility of the buyers.
• Any applicable GST on sale of this property is not included in the purchase (bid) price.
• With respect to any applicable GST payable if the buyer is:
• (a) not a GST registrant under the Excise Tax Act (Canada), then the buyer shall remit the applicable GST to the seller's lawyer on or before the Completion Day. The seller shall remit the GST to the Receiver General as required by law, and will indemnify and save the buyer harmless from and against all costs and expenses (including legal fees on a solicitor/client full indemnity basis) that the buyer may incur or become subject to as a result of the seller's failure to remit GST pursuant to this clause; or
• (b) a GST registrant under the Excise Tax Act (Canada), then the buyer will provide the seller with proof and details of the buyer's GST registration before the Completion Day. The buyer will assume the liability for all GST payable pursuant to the Excise Tax Act (Canada) accruing in respect of this transaction and will indemnify and save the seller harmless from and against all costs and expenses (including legal fees on a solicitor/client full indemnity basis) that the seller may incur or become subject to as a result of the buyer failing to comply with its obligations pursuant to this clause.

Partial Terms and Conditions

Unreserved and Reserved:

Some Real Estate may have reserved minimum bids. The Auctioneer, at its sole discretion has the right to or/not to advertise and/or notify the buyer as to whether the goods/and or Real Estate being offered in this auction are:

1. UNRESERVED: Meaning the seller has agreed to accept the highest bid regardless of price. In this case any items and/or livestock and/or Real Estate offered will sell to the highest bidder regardless of price.
2. RESERVED: Meaning the seller has set a minimum price that must be met in order for the Real Estate to be deemed "sold" to the buyer. This minimum "Reserved" price may be indicated to the buyer as a "Reserve Price", "Starting Bid" or as "Subject to Owners Approval" or "not indicated or advertised in any way".

   The seller and/or the auctioneer acting as the sellers agent may at any time:

   • remove the "Reserve Price" or “Starting Bid” at any time and deem this auction " Unreserved"
   • accept any bid, within 2 business days of the auction closing, that is lower than the "Reserve Bid"
   • counter offer; any buyer within 2 (two) business days of the closing of the auction.

   Your bid as a buyer will be recorded and will remain binding and in affect 2 (two) business days after such time the auction is closed.

   You the buyer acknowledges and agree that bidding at this auction is the legal equivalent of a firm commitment and irrevocable offer to purchase, unless otherwise prohibited by law or otherwise noted in these buyer terms. Once you have placed a bid and the bid is accepted by the auctioneer you are obligated to complete the transaction.

3. 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.
4. 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.
5. 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.
6. GST: Bid price does not include any applicable GST unless announced otherwise by auctioneer.
7. 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.
8. 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.