The packages of land being sold are both located in the RM of Elton just west of Forrest, MB.

Click the PDF button to download printable bid package with opening bid forms.

 

INVITATION TO

SUBMIT A WRITTEN OPENING BID

&

BID BY PHONE AUCTION

Please accept our invitation to submit your opening bid and become eligible to take part in this upcoming land auction. By completing the opening bid forms, you will be eligible to take part in the phone bid auction of 2 packages of land in the R.M. of Elton.

Package #1 LOT 2&3 BLK 61015(approx 113.63acres) on 2 titles 107.14 & 6.49 acres

Package #2 DES SW36-11-19W (approx 150 acres) on 2 titles 80.00 & 70.00 acres

All in the RM of Elton.

I would like to thank you in advance for your interest in this land auction. Should you have any questions regarding this auction and or the process in which it will be conducted please feel free to contact me directly on my cell              1-204-724-2131 or e-mail fraserauction@gmail.com

 

Yours Truly;

 

Scott Campbell

Fraser Auction Service Ltd.

 

SELLER INFORMATION:

 

Seller:        Harvey Paul Paterson

                  Forrest, MB.

                  Cell (204) 761-2614

                  House (204) 728-7473

 

LAND INFORMATION:

Information on land to be sold by written opening bid and phone auction:

Auction consists of 2 packages of land approx 263.63 total acres (Based on 2018 tax assessments). Each package consists of 2 separately titled lots.

Copies of Property Tax Bills are included in package showing assessments and acre area. R.M. map & Google Earth map showing properties are also included in package.

EXCLUSIONS TO ALL PARCELS:

  1. All mines and minerals pertaining to property are excluded from this sale

        CAVEATS: The buyer will accept title subject to existing caveats and the land in its current condition subject to buyers own inspection and opinion.

Property Descriptions:

PACKAGE #1

*LOT 2&3 BLK 61015(approx 113.63acres) on 2 titles 107.14 & 6.49 acres

Production farm land. Class 2 Newdale Clay Loam

Crop History: 2018 (Soy Beans) – 2017 (Wheat)

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PACKAGE #2

*DES SW36-11-19W (approx 150 acres) on 2 titles 80.00 & 70.00 acres

Production farm land. Class 2 Newdale Clay Loam

Crop History: 2018 (Canola) – 2017 (Wheat)

 

How the Written Opening Bid /Phone Auction process will work:

  1. Interested parties will be required to complete and return an opening bid on the land for sale to Fraser Auction Service by Monday March 18th, 2019.
  2. Only those who complete and return an opening bid will be eligible to take part in the phone auction to take place starting at 1:00pm Tuesday March 19th, 2019.
  3. Opening bids will be placed and bidding will be by dollars per acre, then converted to total dollars per package at conclusion of sale.
  4. Acre area based on 2018 Tax assessments.
  5. Buyers must have financing for purchase in place before bidding. NO CONDITIONS will be accepted. This is an auction and bids will be binding.

 

IMPORTANT DATED TO REMEMBER:

  1. Monday March 18th, 2019 (Opening bids close)
  2. Tuesday March 19th, 2019 (Phone auction starting at 1:00pm)
  3. Tuesday April 30th, 2019 (Closing & Possession Date)

 

HOW IT WILL BE CONDUCTED:

  1. Opening bids will be opened once opening bids close.
  2. All parties that send in an opening bid will be placed on the phone auction call list.
  3. Parties will be placed on the call list in the order of value of opening bids (lowest to highest)
  4. The lowest bidding party will be the first to be called and will be told the highest opening bid amount and at that time they have the opportunity to increase their bid to exceed the current highest bid.
  5. If parties are unwilling to increase their bid to exceed current high bid by at least the minimum bid set by the auctioneer they will be removed from the call list and out of the bidding.
  6. This will continue until only one bidder (highest bidder) remains.
  7. Once highest bid is determined it will be forwarded to lawyer for presentation to seller for review.
  8. If bid is accepted the buyer will be required to complete an offer to purchase with a deposit of $25,000.00 per package, with lawyer, the next business day.
  9. If high bidder fails to complete documents then the next highest bidder’s high offer will be reviewed by seller for acceptance.
  10. Date set for closing and take over will be April 30th, 2019 (Balance of sale will be due on or before take over date.)
  11. Buyer is responsible for his or her own costs associated with the purchase of this land.
  12. Buyers must use their own inspection as to environmental status, zoning, acre area, condition of land, and access to property.
  13. 2018 taxes will be paid by seller. 2019 and forward to be paid by buyer.

 

Disclamer:

Announcement: Information contained herein is presented on behalf of the seller. FRASER AUCTION SERVICE LTD., agent for the seller, cannot guarantee the information to be correct or assume the liabilities for errors and omissions. All lines drawn on maps are approximate. Buyers should verify the information to their own satisfaction. Any announcements made from the auction block on day of auction will take precedence over any matter of print and will be final.