Southeastern Georgia Timberland Auction - SOLD

6,220± Acres Offered in 106 Tracts

Terms & Conditions

PROCEDURE: The property will be offered in 105 individual tracts, any combination of tracts, and as a total unit. There will be open bidding on all tracts and combinations during the auction. Bids on tracts, tract combinations, and the total property may compete.
DOWN PAYMENT: 10% down payment on the day of auction with the balance at closing. The down payment may be made in the form of cash, personal check with bank letter, cashiers check, or certified check. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
APPROVAL OF BID PRICES: All successful Bidders will be required to enter into purchase agreements at the auction site immediately following the close of the auction. All final bid prices are subject to the Seller’s acceptance or rejection.
DEED: Seller shall provide a Limited Warranty Deed.
EVIDENCE OF TITLE: The Seller agrees to furnish Bidders preliminary title insurance commitment to review prior to Auction. The cost of title insurance, if the Buyer(s) elect to have the title commitment executed, will be the responsibility of the Buyer(s). Seller agrees to provide merchantable title to the property subject to matters of record, general conditions of title, and similar related matters. All tracts sold “AS IS”.
REAL ESTATE TAXES: Taxes for 2010 will be prorated between Seller and Buyer at closing.
BUYER’S PREMIUM: A 10% Buyer’s Premium will be added to the final bid price and included in the total purchase contract.
CLOSING: Closing shall take place 30 to 45 days after auction, or as soon thereafter as applicable closing documents are completed.
POSSESSION: Possession of the property shall be given immediately upon closing.
SURVEY: A new survey will be available for each tract in the auction. Actual survey expense will be the responsibility of the Buyer. The buyer will be assessed $30 per acre for surveying and an additional linear foot fee for the surveying of interior lines between auction tracts.  A schedule of line distance and cost is found below.

Schedule of Line Distance and Cost

PROPERTY INSPECTION: Each potential Bidder is responsible for conducting at their own risk, their own independent inspections, investigations, inquires, and due diligence concerning the property before the auction. Inspection dates have been scheduled and will be staffed with auction personnel. Please feel free to inspect at any other time.
AGENCY: Schrader Real Estate and Auction and Woltz & Associates, Inc. and their representatives are Exclusive Agents of the Seller.
BROKER PARTICIPATION: Broker participation available. Call auction company for details.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the Purchase Agreement. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied concerning the property is made by the Seller or the auction company. The information contained in this brochure is believed to be accurate but subject to verification by all parties relying on it. Neither the Seller nor the Auction Companies assume any liability for its accuracy, errors or omissions. All sketches and dimensions in this brochure are approximate. Conduct of the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and the Auction Companies reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.
NEW DATA, CORRECTIONS, AND CHANGES: Please arrive prior to scheduled auction time to inspect any changes, corrections, or additions to the property information.
OWNER: TerraPointe LLC, a subsidiary of Rayonier Inc.