Upcoming Auctions(scroll down to the desired auction)
- 48ac Ranch divided in 4 Tracts Purcell, Oklahoma October 3
SATURDAY, OCTOBER 3, 2020 AT 11:00AM CDT
48 ACRES DIVIDED IN 4 TRACTS - BUY ANY TRACT, COMBINATION OR BUY IT ALL!!!
1559 E. Maple Road
LIVE AUCTION HELD ON SITE AT 1559 E. MAPLE ROAD (HWY 74) IN PURCELL
LIVE AUCTION!!! - SATURDAY, OCTOBER 3, 2020 AT 11:00AM Auction will be held, on-site, at 1559 E. Maple Road in Purcell, Oklahoma
48 ACRES DIVIDED IN 4 TRACTS - BUY ANY TRACT, ANY COMBINATION OF TRACTS OR BUY THE ENTIRE 48 ACRES
REAL PROPERTY: This is a very unique property. It's a Horseman/Trainer's dream, has great home sites for Individuals desiring a ranchette or the Investor for a future development. The 48 acres will be offered For Sale at Auction divided in 4 separate Tracts. The property features a 25 Stall Barn, 6 of those stalls are Stud Stalls with Tack Room, Wash Rack, Breeding Stocks and 20 additional pipe runs under shelter. There's a double wide mobile home, round pen and equipment shed in close proximity to the barn and also a half mile training track. It's in a prime location with a quarter mile of road frontage on SE 12th Avenue and a third or a mile frontage on Hwy 74 (E. Maple Road). The entire perimeter is fenced and cross-fenced with a stock pond on Tract #2. Ready for your horses, cattle, exotics or development. Enjoy the peace and quiet of living in the country with all the creature comforts just minutes away. Easy access to I-35 and less than 45 minutes to Downtown Oklahoma City, Will Rogers World Airport, Oklahoma State Fair Park and horse racing a Remington Park. TRACT #1: 11.31 acres with 25 Stall Barn, Mare Motel, Round Pen, Equipment Shed and Double Wide Mobile Home TRACT #2: 12.77 acres with scattered trees, a small stock pond and 1000' of road frontage on E. Maple Road TRACT #3: 11.61 acres with 2/3rds of the training track on the corner of E. Maple Road (Hwy 74) and SE 12th Avenue TRACT #4: 12.31 acres of pasture encompassing the NW portion of the training track with SE 12th Ave. frontage
LIVE AUCTION: The Tracts will be offered for sale in a live, audible Auction, conducted by a licensed Auctioneer on SATURDAY MORNING, OCTOBER 3 at 11:00AM CDT. The auction will be conducted on-site, at 1559 E. Maple Road in Purcell, Oklahoma. On-site registration will begin at 9:00am on the day of the Auction. The Tracts will sell "AS IS". It is the sole responsibility of potential Buyers to inspect and research the properties prior to the auction.
REAL ESTATE TERMS: A 10% Buyer's Premium will be added to the high bid attained at Auction to constitute the Total Contract Price. The Non-Refundable 10% Buyer's Premium will be paid the day of the Auction when the Contract is executed by cash, cashier's check or a personal/business check will be accepted if accompanied by a "Bank Letter of Guarantee". The balance will be due at Closing, on or before, Friday, November 20, 2020 at 5:00pm CDT. Buyer is responsible to attain his or her own financing prior to closing.
ONLINE BIDDING: If you are unable to attend the live auction held at the 1559 E. Maple Road...you can participate in real-time online bidding that will be available through PROXIBID beginning at 10:30am CDT on the day of the auction. Pre-registration with PROXIBID is required. Pre-registration with www.proxibid.com is required.
AGENT INCENTIVE: Real Estate Agents are eligible to receive a 2% commission. Bring your Buyer and co-register the day of the auction. The Real Estate Agent of the successful Buyer will receive a 2% commission of the auction strike price to be paid the day of Closing. Real Estate Agents participating as a Principal to the transaction or are an Immediate Family Member of the Buyer are ineligible for the Agent Incentive.
OPENING BIDS: Tract #1 is $100,000 and Tracts #2, #3 & #4 will be $2500 per acre
LAW: These properties are offered for sale according to the Laws of the States of Texas and Oklahoma. Tony Langdon is licensed with the Texas Department of Licensing and Regulation (#10246), the Texas Real Estate Commission (#488403) and the Oklahoma Real Estate Commission (#158656).
AUCTION: The Auctions, open to the public, will be conducted by an Auctioneer with live bidding , on-site at the physical address of each property. Active online bidding will be available through the Proxibid for those that cannot attend. Absentee and telephone bids will also be accepted. The properties are being offered for sale by “Seller Confirmation”, therefore the auction process will not be complete until the Auctioneer announces the property as SOLD.
REGISTRATION:All prospective Buyers in attendance must complete a registration formand receive a bidder number the day of the auction in order to participate as a bidder. Online Bidders for Real Estate must pre-register athttps://www.proxibid.com/asp/signupchoice.aspwith the PROXIBID.COM in order to bid online. Online bidding is not available for personal property.
REAL ESTATE AGENTS: Any Real Estate Broker/Agent actively licensed in the State of Texas who properly Co-Registers a successful Buyer will be paid a 2% Commission of the auction strike price at closing by the Seller. Broker/Agent Co-Registration with a Buyer is available only on the day of the Auction and must be completed prior to the scheduled starting time of the Live Auction. Broker/Agent must Co-Register with the prospective Buyer in person, attend the Live Auction and be present upon the execution of the Sales Contract to be eliglble for the Commission. A Real Estate Broker/Agent is not eligible for a Commission when participating as a Buyer/Principal in the purchase of a property, retains any ownership in the Real Estate Firm named at Registration or represents a Buyer that is an immediate family member.
CONDITIONS: The properties are sold “AS IS, WHERE IS” with all faults, if any. No warranty or guarantee of any kind, either expressed or implied, is made with respect to each property. Buyers acknowledge they have inspected the property and are buying it in its present condition. All announcements made on sale day by the Auctioneer will hold precedence over any previous printed material or any other oral statements.
BIDDING PROCEDURE: The properties will be offered for sale at Auction in either a lump sum amount or at a cost per acre. Opening bids for each property will be listed prior to the Auction. Minimum acceptable advance in live bidding is $1000 unless otherwise amended by the Auctioneer.
BIDDING DISPUTES: In the event of a dispute between two or more bidders, the Auctioneer at his own discretion may open the bidding again only between the parties in dispute. It is the responsibility of the disputing party to advance the bid with the Auctioneer presiding. If there is no advance in the bidding the property will be sold to the person whom the Auctioneer recognized with the last bid. Tony Langdon Auction Properties or its Auctioneers may decline any bid made by parties who have defaulted in former purchases, or by persons who are deemed not responsible bidders.
TERMS: A Buyer’s Premium will be added to the successful bidder’s high bid. The Buyer’s Total Contract Price will be comprised of the high bid achieved at auction plus the buyer’s premium. The Buyer’s Premium will be paidthe day of the auction, serving as your deposit, payable to Tony Langdon Auction Properties in cash or cashier’s check. A personal or company check will be accepted only if accompanied by a bank letter of guarantee. Balance will be due at Closing in 45 days.Buyer is responsible to attain his or her own financing prior to closing. Inability to close on that day will forfeit any and all deposits, earnest money and/or buyer’s premium, as it will be considered earned with no recourse available for recovery.
CLOSING: The Seller will convey a Special Warranty Deed to the Buyer upon payment of the purchase price. On property purchased utilizing Owner Financing a Note and Deed of Trust will be executed between Buyer and Seller at Closing. The Seller will be responsible for the following expenses of conveyance: Attorney’s Fees, Deed Preparation, Survey, Pro-Rated Ad Valorem Taxes and Courier Fees. The Buyer will be responsible for: Title Insurance, Title Search, Recording Fee and Pro-Rated Ad Valorem Taxes. Fidelity National Title, Denton, Texas (940.382.8200) will conduct the closing.
SURVEY: The Auction will be conducted utilizing the preliminary layout that has provided in your sale brochure. The final survey, if necessary, will be surveyed by “metes and bounds” after the conclusion of the auction and prior to the closing. The final survey may have a differential of .25 acres for every 10 acres. No price adjustment will be considered unless acreage differential exceeds .25 acres for every 10 acres. Fence lines are often used as guides to determine the property boundaries for division into tracts; however the final survey may differ slightly from the preliminary and aerial layouts provided in the sales information.
EASEMENTS: The properties are subject to utility easements. All easements will be listed prior to the auction for each property.
UTILITIES/SCHOOLS: All available schools and utilities will be listed prior to the auction for each property.
MINERAL RIGHTS: Any mineral rights, if available, will be listed prior to the auction for each property.
DEED RESTRICTIONS: All deed restrictions will be listed prior to the auction for each property.
TAXES: County and State of Texas and Oklahoma taxes are current to date. Current year taxes will be prorated between Buyer and Seller. Any back taxes or liens will be satisfied by the Seller at Closing. Buyer will be responsible for any rollback taxes that may occur due to a change in usage after Closing
RESALE: Any Buyer failing to comply with the above stated conditions that shall cause the property to become the subject of resale shall be obligated to pay any and all costs associated with the resale of such property. In the event of a resale, the Buyer will be obligated to any negative balance in addition to attorney's fees that may occur as every legal remedy will be utilized for the recovery of any loss as a result of default by the Buyer.
CAUTION: All attending the Auctions do so at their own risk. Prospective buyers and spectators are cautioned to be careful while on each property. Neither Tony Langdon Auction Properties, Auctioneers, Staff, Sellers nor any other person connected with this sale assumes any liability, legal or otherwise, for the safety of any individual while on the premises.
BUYER’S PREMIUM: TheBuyer’s Premium will be paid the day of the auction in cash, cashier’s check or money order payable to Tony Langdon Auction Properties. A personal or company check will be accepted only if accompanied by a Bank Letter of Guarantee. The Buyer's Premium is non-refundable in the event the Buyer fails to fulfill their contractual obligation, regardless of the reason, thus creating a default on the purchase as agreed and executed.