GREENE CO. 115 ACRES M/L – SEALED BID OFFERING

Thomas Hanson Estate & James Hanson

Sealed Bid Offering – 115 acres, m/l, Greene County, Iowa

Section 20 and 29, Washington Township

Sealed Bids: Written bids will be received at the office of Gannon Real Estate & Consulting, on or before December 20th 1:00 PM CST. The bids will then be opened and presented to the executors of the estate for their approval, rejection or counteroffer. Sellers reserve the right to accept or reject any bid, no matter the amount, in their absolute discretion. All bidders will be notified of the outcome within 48 – 72 hours. The executors have the right to go back to the bidders and ask for another bid but could accept the highest initial bid. The bids may be hand delivered or sent by certified mail to the Gannon Real Estate & Consulting office at 122 Main Street PO Box 271 Ames IA 50010. All bids will need to be submitted on the sealed bid form. Seal bid forms can be found on the listing page at www.gannonre.com, have it mailed to you by contacting our office or sending an e-mail to patrick@gannonre.com.

Possession: It is canceled and evidence of such is available.

Closing: Closing will be on or before February 7, 2025, but we could accommodate a delayed closing for 1031 exchanges or other reasons if they are approved ahead of December 17, 2024.

Earnest Money: A 10% earnest money payment is required upon contract signing. Payments are to be made to the Gannon Real Estate Trust Account. The earnest money must be paid in the form of a cashier’s check, cash or wire transfer.

Mobile Home: This is not owned by the estate and not transferred to the Buyer at closing.

Conservation Reserve Program: There is approximately 18 acres in CRP at $183.03/acre until 9/30/2035. The CRP payment due 10/1/25 will be prorated to closing. The Buyer will be required to assume the contract and be responsible for the compliance after closing. The mid-contract management is due before 5/15/2025. The current plan is that it will be burned.

Contract and Title: Immediately upon the final conclusion of the offering, the selected bidder will enter into a real estate sales contract and deposit with the Gannon Real Estate Trust Account the required earnest money payment. The seller will provide an updated abstract that includes the new survey. The sale is not contingent upon the Buyers financing.

Mineral Rights: All mineral rights will be conveyed to the buyer (if any).

Taxes: Real Estate taxes will be prorated to closing.

Survey: Once a signed purchase agreement is in place then the property will be surveyed by the Sellers.

Other: The sale is subject to all easements, covenants and restrictions of record. The property is sold on an “as – is” basis with no warranties expressed or implied by the Sellers or Gannon Real Estate & Consulting.

Disclaimer: All field boundaries are presumed to be accurate according to the best available information and knowledge of the Sellers and Gannon Real Estate & Consulting. Overall tract acres, tillable acres, etc. may vary from figures stated within marketing material. Buyer should perform his/her own investigation of the property prior to bidding on the property. Full legal descriptions will be taken from the abstract. Please do not drive on the property in wet conditions. Feel free to walk the land at any time but no fishing or hunting is allowed.