Auction Date: Tuesday, October 13, 2015 at 2:00 PM MDT
Property Address: 660 CR B43B, Ilfeld, NM 87538
Sale Type: Live public multi-parcel Auction – Theater Style
It is impossible to describe the magnificence of the water that rolls by here every hour of every day. The beauty of New Mexico is sometimes found in its waterways, but water is not expected as you travel the land locked New Mexico countryside. The painted sky and immense open areas are predominant thoughts. Images of Indian ruins and remnants of the Spanish settlers arriving hundreds of years ago might also appear. Trees and water are not the usual images that surface but they do exist right here!
Featuring: The Pecos River Land & Ranches consists of 7 Riverfront Tracts contained in 1,616+/- contiguous acres.
Winding Water Ranch Parcel / Tract 1: 1,269.008 Acres +/-
Equestrian Complex Parcel / Tract 3: 97.196 Acres +/-
River’s Edge Ranch Parcel / Tract 4: 95.857 Acres +/-
Riverview I Parcel / Tract 5: 21.446 Acres +/-
Riverview II Parcel / Tract 6: 15.674 Acres +/-
River Estate Parcel / Tract 7: 21.315 Acres +/-
River Park Parcel / Track 8: 35.638 Acres +/-
Notice to Purchasers:
Auctioneer’s Disclaimer: All information contained herein was derived from reliable sources believed to be correct, but not guaranteed and should be independently verified. Bidders shall rely entirely on their own judgment & inspection. Announcements from the Auction Block take precedence over any previously printed material or any other oral statements made. Ranchline & Bentley & Associates reserve the right to make changes to auction bidding procedures, start times, bidding increments and other necessary changes to facilitate auction in a timely and efficient manner. All registered bidders will be notified of any changes. Ranchline and Bentley & Associates, LLC will be acting exclusively on the behalf of the Seller in this transaction.
Buyer’s Premium: A ten percent (10%) “Buyer’s Premium” will be added to the high bid price to determine the Total Contract Price (High Bid + Buyer’s Premium = Total Contract Price)
Terms of Sale: Bidder’s are required to bring a $ 5,000.00 Cashier’s Check made payable to themselves which will be presented at registration on Auction Day. Cashier’s Checks of non-winning bidders will be returned on auction day. Closing will take place on or before Tuesday, November 2, 2015 (twenty days).
Owner Financing Available: Owner financing option is available to those Bidders that complete and accept the Seller financing requirements forty-eight (48) hours prior to auction. If Bidder elects to accept Seller financing and has been pre-qualified prior to auction, Buyer may close on Auction Day or before November 2, 2015.
Inspection of Property: Potential Bidders are invited and encouraged to thoroughly inspect the property prior to attending the auction. The property is being sold on an “AS IS, WHERE IS” basis with No Warranties or representations either expressed or implied, being made by the Seller, Ranchline or Bentley & Associates, LLC. or any of their respective their agents. Bidders are strongly encouraged to perform necessary due diligence prior to attending the auction. Due diligence information is available on-line at ranchlineauction.com and available to download to supplement Bidder’s own investigation and inspections. To schedule a tour, please contact Paul Taylor III with Ranchline at 800.687.0444.
Pre-Auction Offers: Must be tendered on a signed Ranchline or Bentley’s Purchase and Sale Agreement and accompanied by a 10% Certified Deposit in certified or bank check or by confirmed wire transfer. Internet bidders must register forty-eight hours in advance of the auction in accordance with the terms and conditions described for on-line and telephone bidding at www.bentleysauction.com.
Possession: Possession of the property will at closing and funding of the sale and ownership transfer accomplished by Special Warranty Deed.
Title Insurance & Closing Costs: Seller shall provide the Buyer with a commitment for title insurance showing merchantable title. The cost of the title policy shall be the responsibility of the Buyer. Customary closing costs will be shared equally between Buyer and Seller.
Buyer’s Broker Terms: A 2.5% Buyers Broker Commission based upon the High Bid will be paid to any properly licensed real estate broker whose Bidder successfully purchases and closes on the subject Property. The Buyers Broker must complete a Buyer’s Broker Registration Form and return it to the Auctioneer no later than 48 hours prior to the auction on Tuesday, October 13, 2015. A copy of the Buyer’s Broker Registration Form is available at www.bentleysauction.com or www.ranchline.com or by contacting the Auctioneer at 505.344.1812 ext 101. Visit ranchline.com or bentleysauction.com for details & mandatory pre-registration requirements
Sale Currency: United States Dollars – USD