260.8 +/- Acre Gasconade County Online Land Auction

Auction Terms

This is an online auction; no live auction will be held.  If you prefer to turn in an absentee bid in person, please call 573-834-2207 or 573-291-8075 to make arrangements.  All Bidders registering for this auction will have to be approved by the Auction Company before any bids can be placed to prevent an unqualified bidder from placing bids (example: an underage person or a person with a fraudulent bidding account).  If bidder is known to the Auction Company they will be approved quickly after registration.  If bidder isn’t known to Auction Company, a phone call with Auction Company staff or possibly a refundable deposit may be required before placing bids.  Auction Company prefers any unknown bidders to view the property in person before placing any bids.

Auction closing: The auction will begin closing on Wednesday, November 9th, 2022 at 7:00 PM Central Time.  The closing time on both tracts of land will be automatically extended an additional three minutes whenever a bid is placed on either tract of land within the last three minutes of the auction closing.  When no more bids are placed on either tract in the last three minutes the bidding will close.

Property viewing days will be held on Saturday, October 22nd from 2-5 PM and Saturday, November 5th from 2-5 PM.  Private viewings are available by appointment by calling 573-834-2207 or 573-291-8075. 

Deposit & contract signing: The winning bidder is required to bring a deposit of $10,000.00 per tract purchased to the office of Schneider Auctioneers, LLC located at 4177 Hwy V V, Berger, MO 63014 and execute a purchase agreement the next business day following the conclusion of the online auction.  Alternatively, the winning bidder may execute the purchase agreement electronically via Docusign and wire the deposit money directly to the title company if that is more convenient for the winning bidder.  Deposit must be in the form of personal check, business check or bank wire transfer.  Balance must be paid at closing, within 58 days of the close of bidding.

Procedure: There will be two tracts of land sold in this auction and the bidding for each tract will be by a lump sum amount, not by the acre.

This property sells to the highest bidder regardless of price.

This property will be sold in “AS IS, WHERE IS” condition without any representation or warranty of any kind, whether express or implied.  The Purchaser shall have satisfied themself as to the location and condition of the property, and all descriptions thereof, before bidding. All information contained in the brochure and all promotional materials, including, but not limited to, square footages, acreage, dimensions, maps, taxes, etc., was derived from courthouse and other records and are believed to be correct; however, neither the Seller nor the Auction Company makes any guarantee or warranty as to the accuracy or completeness of such information.

This property sells without contingencies.  Any inspections or financing needed by the Purchaser must be made or arranged before the close of bidding at the Purchaser’s expense.  The sale of this property will not be subject to contingencies for inspections, financing or appraisals needed by the Purchaser.

Buyer’s premium: There will be a three percent (3%) buyer’s premium added to the winning bid price to arrive at the total contract sale price to be paid by the Purchaser.  Example: If you bid $100,000.00, the total sale price at closing will be $103,000.00 plus applicable closing costs.

The Auction Company reserves the right to cancel, suspend, extend or reschedule an auction event or to make changes to the auction closing times in the event of any unforeseen technical or legal problems.

Escrow Agent: The earnest and purchase monies in respect of the property shall be paid to and deposited with York Title & Abstract in Montgomery City, MO.

Possession & closing: Purchaser will receive possession at closing.  The sale shall be closed within 58 days of the close of bidding, or sooner if possible.  Closing to take place at the office of York Title & Abstract, 1155 Aguilar Dr., Montgomery City, MO 63361, telephone: 573-564-8021, on or before the 6th day of January, 2023. The Seller at closing will convey good and marketable title.

Farming rights for the 2023 crop year will transfer to the buyer as the agreement with the current tenant farmer is over at the end of the 2022 crop year.

Title: Seller shall provide an Owner's Policy of Title Insurance in the amount of the purchase price, and shall execute a Warranty Deed conveying the real estate to the Purchaser. Seller shall pay the premium of the title insurance policy.

Closing costs: At closing, Seller shall pay for its escrow and closing fees, and all of the costs for preparation of all documents to convey the property. At closing, Purchaser shall pay for its escrow and closing fees, any and all recording fees, and all other sale, financing or closing fees as required. Taxes, assessments and association fees, if any, shall be prorated to the date of closing.

No new survey: The property will be conveyed according to the existing legal description; a new survey will not be performed by the Seller or the Auction Company.  The acreage amount listed is only approximate and was obtained from the Gasconade County GIS tax records system and may not agree with the legal description or the actual acreage amount if the Seller conducts a new survey.

Miscellaneous: All decisions of the Auction Company are final as to the methods of bidding, disputes among bidders, increments of bidding and any other matters that may arise before, during, or after the auction.  Auction Company reserves the right to deny any person the right to participate in the auction for any reason, or to ban anyone from the auction who attempts to disrupt it.

Age requirement: All bidders must be 18 years of age or older.

Server & software technical issues: In the event there are technical difficulties related to the server, software or any other online auction-related technologies, Schneider Auctioneers, LLC reserves the right to extend bidding, continue the bidding, or close the bidding. Neither the company providing the software nor Schneider Auctioneers, LLC shall be held responsible for a missed bid or the failure of the software to function properly for any reason. Email notifications will be sent to registered bidders with updated information as deemed necessary by Schneider Auctioneers, LLC.