|Name||BEST RANCH AUCTION|
|Auctioneer||United Country Kansas City Auction and Realty|
|Type||Internet Absentee Bidding|
|Live Auction (Pre-Bidding Online) Tuesday, September 27, 2016 at 10:00 am|
|Preview Date/Time||Preview and Inspections by Appointment Only|
|Location||5300 Kell Blvd
Wichita Falls, TX 76310
|Buyer Premium||5% Buyer's Premium on this Auction|
3,887.93± Acres Near Electra, TX
Discover this extraordinary opportunity to own one of the last true classic Texas cattle operations in the heart of big ranch country. Located in the Central Great Plains Eco-Region, the Best Ranch – as it is locally known – is comprised of 3,887± acres overlooking Lake Diversion. This ranch shares fence lines and borders the legendary 514,000± acre Waggoner Ranch.
The Best Ranch, owned by Hi-Lo Company, Inc., has everything necessary to operate from day one as a fully-functional cow-calf or stocker/feeder cattle operation. The stockman will find great fencing, cross-fenced pastures, traps, working pens and loading chutes. All pastures have ample water sources and forage.
Native grasses include buffalo grass, sideoats gramma, blue gramma and Texas wintergrass; as well as numerous other weeds and forbs. The predominant tree cover is mesquite, with hackberry and elm being found along the creeks and bottoms.
The Rolling Plains is one of the few areas left in the United States that still holds a stable wild bobwhite quail population. The Best Ranch is one of the few ranches in the Rolling Plains area that consistently produces outstanding wild bobwhite quail habitat.
The Rolling Plains eco-system includes dense scrub oak thickets, river bottoms, rugged canyons, crop fields and food plots. The new owner will have exclusive access to several thousands of acres of trophy buck country. The typical buck harvested in this area ranges in the 130-160 range with atypical individuals measuring in the high 180s. The rut normally runs from mid-November through mid-December. Mature bucks can weigh well over 200 pounds.
Whitetail deer, mule deer, turkeys, feral hogs, quail, dove and ducks provide a wide variety of hunting opportunities.
Auction Terms & Conditions:
All bidders and participants of this sale agree that they have read and fully understand these terms and agree to be bound by the terms and conditions contained herein.
General Information: United Country AltaTerra Realty & Auction (known herein as “Auctioneer”) has a contract with the Highway Oil, Inc. to offer for sale at public auction the property known as the Best Ranch (the “Property”), consisting of 3,887.93 +/- acres. The Property will be offered in its entirety at Auction and is selling subject to a minimum acceptable Reserve Price of $495.00 per acre. There will be a five percent (5%) Buyer’s Premium added to the winning bid price to arrive at the total contract price to be paid by the Purchaser.
Auction Location: The live Auction will be held Tuesday, 10:00 AM, September 27, 2016 at the Holiday Inn Express / Wellington Conference Center located at 5300 Kell Blvd., Wichita Falls, Texas 76310. The hotel reservation phone number is (940) 692-8300 and the Best Ranch is located 25 miles due west.
Property Inspection: It is the Purchaser’s sole responsibility to: a) perform all inspections (legal, environmental, economic or otherwise) of the Property and to be satisfied as to its condition prior to bidding; b) review all property information and due diligence materials; c) independently verify any information they deem important including information available in public records; and d) inquire of public officials as to the applicability of and compliance with land use and environmental laws, zoning, building and health & safety codes and ordinances and any other local, state or federal laws and regulations.
All information contained in the auction brochure and all promotional materials, including, but not limited to, photographs, directions, acreage, square footage, dimensions, zoning, maps used for promotion, environmental conditions, taxes, etc., was provided by or on behalf of the Seller and is believed to be correct; however, neither the Seller not the Auctioneer makes any promise, representation, guarantee, or warranty as to the accuracy or completeness of such information. There is no obligation on the part of Seller or Auctioneer to update any information. Purchaser and Purchaser’s Broker shall be responsible for verifying all acreage and square footage amounts through public records.
Auctioneer strongly recommends that the prospective bidder personally inspect the Property prior to the Auction. In order to schedule a time to visit the Property or to perform an inspection, the Purchaser (and/or his Broker), should contact Auctioneer as soon as possible. All Property visits should be performed on or before Friday, September 23, 2016.
Closing: Closing will be scheduled on or before October 31, 2016.
Buyer’s Broker Guidelines: Upon the Closing of the transaction contemplated herein, Auctioneer shall be paid a commission pursuant to a separate written agreement between Auctioneer and Seller. If a Buyer’s Broker is properly registered with the Auctioneer according to the Buyer Broker Guidelines, then at closing, the Buyer’s Broker shall be paid a commission of two percent (2%) of the high bid amount as shown on the Auction Sales Contract. If for any reason whatsoever (including the default of any party hereto), the Closing hereunder does not occur, then no commission shall be due and payable to Buyer’s Broker. To qualify for a commission, the buyer’s broker must register the prospect, using the Buyer Broker Registration Form provided by the Auctioneer. There will be no exceptions to the guidelines and no oral registrations will be accepted. No broker will be recognized that is participating as a principal, buyer or partner in the purchase.
Agency Disclosure: The Auctioneer is acting exclusively as the agent for Seller in this transaction and is to be paid a fee by Seller pursuant to a separate written agreement between Seller and Auctioneer. The Auctioneer is not acting as agent in this transaction for the buyer. Any third party broker is not a subagent of Auctioneer.
Equal Opportunity: All bidding is open to the public. The Property is available to qualified purchasers without regard to a prospective Purchaser's race’ color, national origin, religion, sex, familial status, or physical handicap.
AUCTIONEERS FOR THIS AUCTION ARE SELLING AGENTS ONLY AND MAKE NO REPRESENTATIONS CONCERNING THE PROPERTY WHATSOEVER.
|Bid Amount||Bid Increment|
|0.00 - 495.00||5.00 USD|
|495.01 - 9,999,999.99||10.00 USD|
|Buyer Premium||5% Buyer's Premium on this Auction|
10% non-refundable deposit is due the day of auction, balance due at closing. See complete Terms & Conditions at www.BestRanchAuction.com for payment terms.