Feed Lot- Auction

August 20th @12pm

BJA Auction Lot located 3 miles NE of Portales, NM on US Highway 70
Have to register inside with us to bid before the auction!!
Early Registration Thursday, August 18, 2022

Property Details

40 acres +/-
700 to 1000 head feedyard approx.
11 small pens and approx. 3 big pens with feed alleys
3 small pens on the west side with a feed alley
3 bay commodity barn
Small home that needs some repairs
Water Systems include:
- 1 well with 12 in. casing and 2 pumps
- House- 3 horsepower pump
- Field and Feed Yard- 5 horsepower pump

Directions

1752 S Roosevelt Road 9, Portales NM

South to RR9 then go E 1/2 mile to the north side of the property

Terms and Conditions

Inspections

The buyer has any and all right to conduct inspections, but any and all inspections must be conducted before bidding in the auction. The terms of the auction will be that the property is selling as is.

Not responsible for accidents.

All purchases must be paid for within one hour following the conclusion of the sale. All purchases must be paid on the day of sale. While descriptions are believed correct, the auctioneer or owners make no warranties or guarantees as to the genuineness, authenticity, or defect of any lot and will not be held responsible for advertising discrepancies or inaccuracies. All sales are final when awarded to the successful bidder. The buyer accepts full responsibility for all purchases made and holds the auction company and owners free of any liability in the event of theft or loss of any items purchased.

Buyer Broker Participation

Up to 2.5% commission will be paid to any properly licensed buyer Broker who registers a successful buyer according to the Broker Participation Guidelines. Broker must register and complete broker registration form 48 hours prior to the auction sale date. Terms – A ten-percent (10%) down payment will be due immediately after being declared the buyer. The balance is due in cash at closing within 30 days. Closing – The remainder of the purchase price is payable in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING be sure you have arranged financing, if needed, and are capable of paying cash at closing. Seller shall provide an Owner’s Policy of Title Insurance in the amount of the purchase price. The seller shall provide a survey if needed and be sufficient for providing title insurance.

Bidder Registration

At all Verde Realty auctions, every registered bidder receives a bidder number when they register. You must present valid Driver's Licenses to receive a bidder number. If you are the highest bidder, the auctioneer takes note of the lot number, the final bid price, and your bidder number to verify your purchase.

Acceptance of Bid Price

All successful bidders will sign a purchase agreement at the auction. Auctioned Real Estate Property is subject to the owner who can accept or reject any bid within 30 minutes of the final and last bid unless announced differently at auction.