Shelby County Sidney, Ohio
85 Acre Real Estate Auction
The auction ends Tuesday, February 25th. 2:00 P.M.
Register For This Auction Here
Justin Vondenhuevel CAI Auctioneer/REALTOR
Gay Smith and Associates Realty
Auction Terms and Conditions
Property Description: 85.1610 acres MOL Located on Sidney Freyburg Rd. Sidney, Ohio 45365
The property will be offered in 1 Parcel as follows:
Parcel (Tract) # 1 Shelby County Parcel # 13-1906426.003 Containing a total of 85.1610 Acres MOL per Shelby County Auditor.
This Property is being offered via an online-only auction Event.
The bidding platform will open on February 24th. 9:00 a.m. and will begin closing on Tuesday, February 25th. 2:00 P.M. EST with 3-minute extensions until all bids have remained silent for 3 minutes.
AUCTION PROCEDURE: The above real estate will be sold to the highest bidder subject to owner confirmation with a soft close. If a bid is placed within 3 minutes of the auction close, bidding will automatically be extended an additional 3 minutes, and the last bidder will be notified via e-mail/text that they have been outbid. Bidding will remain open until all bids have remained silent for 5 minutes. Our system also offers a Max Bid or proxy bidding feature in which a bidder may enter their maximum bid, and the computer will bid on their behalf in designated increments.
BUYER’S PREMIUM: A 5% buyer’s premium will be charged. This buyer’s premium will be added to the final high bid to determine the final contract price.
NOTIFICATION OF ACCEPTANCE OF OFFER: The successful bidder(s) will be notified via phone within 2 hours of the auction close if their bid has been accepted. The successful bidder will be required to enter into a NON CONTINGENT MEMORANDUM OF AUCTION SALE AGREEMENT (Purchase Agreement located in the document section of the website) with the sellers within 24 hours of the auction close. This shall be completed via electronic signature. Your bidding is considered to be a binding contract.
DEPOSIT: A deposit of $20,000.00 shall be required within 24 hours of the auction closing as good faith earnest money. This deposit shall be made payable to Gay Smith and Associates Realty and held in Escrow until closing, at which time it will be returned to the buyer. If the buyer fails to perform according to the terms of the auction purchase agreement, the deposit will be forfeited and paid to the seller.
TITLE: At closing, the seller shall convey marketable title to the property free and clear of all liens and encumbrances in the form of a Fiduciary deed. If the seller’s title is found to be defective, the seller shall have the right to remedy the defect within 60 days. If this cannot be done, then, at the option of the buyer, the deposit shall be returned and the auction sale terminated.
CLOSING: The full contract purchase price is due at closing, which shall occur no later than March 26th. 2025. Closing shall be held at a mutually agreed location.
POSSESSION: Possession to all tillable acreage shall be granted at closing.
REAL ESTATE TAXES and FEES: All real estate taxes and assessments, if any, shall be pro-rated to the date of closing using the method customary in Shelby County, Ohio. The purchaser is responsible for any CAUV recoupment due to a change of current use. The purchaser is also responsible for any and all closing fees, transfer tax, deed stamps, etc.
SALE CONTINGENCIES: Your agreement to purchase this property is subject to no contingencies, including financing.
AGENCY: Justin Vondenhuevel, CAI with Gay Smith and Associates Realty, and Tim Gleason of Realty 2000 Group are the seller's exclusive agents.
SURVEY: The current survey of record shall be used to transfer Parcels or Tracts. The Shelby County Engineer does not require a new survey for transfer.
DISCLAIMER AND ABSENCE OF WARRANTIES: The property is sold on an AS-IS, WHERE-IS BASIS, with no warranty or representation, either expressed or implied, concerning the property by the sellers, Broker, or auction Company. Buyers are responsible for performing all of their own inspections and having those results satisfactory to their expectations before bidding.
Owner: Kelly E. Curry-Bohman
Justin Vondenhuevel CAI Auctioneer/ REALTOR
www.ohioagdirt.com
www.vasbid.com
Gay Smith/Associates Realty Sidney, Ohio
937-492-1078
ANY ANNOUNCEMENTS POSTED TO THE WEBSITE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS
Property Description: 85.1610 acres MOL Located on Sidney Freyburg Rd. Sidney, Ohio 45365
The property will be offered in 1 Parcel as follows:
Parcel (Tract) # 1 Shelby County Parcel # 13-1906426.003 Containing a total of 85.1610 Acres MOL per Shelby County Auditor.
This Property is being offered via an online-only auction Event.
The bidding platform will open on February 24th. 9:00 a.m. and will begin closing on Tuesday, February 25th. 2:00 P.M. EST with 3-minute extensions until all bids have remained silent for 3 minutes.
AUCTION PROCEDURE: The above real estate will be sold to the highest bidder subject to owner confirmation with a soft close. If a bid is placed within 3 minutes of the auction close, bidding will automatically be extended an additional 3 minutes, and the last bidder will be notified via e-mail/text that they have been outbid. Bidding will remain open until all bids have remained silent for 5 minutes. Our system also offers a Max Bid or proxy bidding feature in which a bidder may enter their maximum bid, and the computer will bid on their behalf in designated increments.
BUYER’S PREMIUM: A 5% buyer’s premium will be charged. This buyer’s premium will be added to the final high bid to determine the final contract price.
NOTIFICATION OF ACCEPTANCE OF OFFER: The successful bidder(s) will be notified via phone within 2 hours of the auction close if their bid has been accepted. The successful bidder will be required to enter into a NON CONTINGENT MEMORANDUM OF AUCTION SALE AGREEMENT (Purchase Agreement located in the document section of the website) with the sellers within 24 hours of the auction close. This shall be completed via electronic signature. Your bidding is considered to be a binding contract.
DEPOSIT: A deposit of $20,000.00 shall be required within 24 hours of the auction closing as good faith earnest money. This deposit shall be made payable to Gay Smith and Associates Realty and held in Escrow until closing, at which time it will be returned to the buyer. If the buyer fails to perform according to the terms of the auction purchase agreement, the deposit will be forfeited and paid to the seller.
TITLE: At closing, the seller shall convey marketable title to the property free and clear of all liens and encumbrances in the form of a Fiduciary deed. If the seller’s title is found to be defective, the seller shall have the right to remedy the defect within 60 days. If this cannot be done, then, at the option of the buyer, the deposit shall be returned and the auction sale terminated.
CLOSING: The full contract purchase price is due at closing, which shall occur no later than March 26th. 2025. Closing shall be held at a mutually agreed location.
POSSESSION: Possession to all tillable acreage shall be granted at closing.
REAL ESTATE TAXES and FEES: All real estate taxes and assessments, if any, shall be pro-rated to the date of closing using the method customary in Shelby County, Ohio. The purchaser is responsible for any CAUV recoupment due to a change of current use. The purchaser is also responsible for any and all closing fees, transfer tax, deed stamps, etc.
SALE CONTINGENCIES: Your agreement to purchase this property is subject to no contingencies, including financing.
AGENCY: Justin Vondenhuevel, CAI with Gay Smith and Associates Realty, and Tim Gleason of Realty 2000 Group are the seller's exclusive agents.
SURVEY: The current survey of record shall be used to transfer Parcels or Tracts. The Shelby County Engineer does not require a new survey for transfer.
DISCLAIMER AND ABSENCE OF WARRANTIES: The property is sold on an AS-IS, WHERE-IS BASIS, with no warranty or representation, either expressed or implied, concerning the property by the sellers, Broker, or auction Company. Buyers are responsible for performing all of their own inspections and having those results satisfactory to their expectations before bidding.
Owner: Kelly E. Curry-Bohman
Justin Vondenhuevel CAI Auctioneer/ REALTOR
www.ohioagdirt.com
www.vasbid.com
Gay Smith/Associates Realty Sidney, Ohio
937-492-1078
ANY ANNOUNCEMENTS POSTED TO THE WEBSITE TAKE PRECEDENCE OVER PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS