Past Auction

Red Buffalo Ranch

This auction was on May 17 Wichita, KS 3,349± Deeded Acres

Executive Summary

95 miles southeast of Wichita, 80 miles north of Tulsa, 200 miles south of Kansas City Beautiful owner’s home with good outbuildings Two good sets of working pens Area is well-known for its trophy whitetail deer hunting and turkey Outstanding water fowl hunting and fishing Prairie chicken and quail numbers are good on the ranch Large lake in the Amsted pasture along with the many other ponds Several improved grass areas that provide hay for the ranch Well fenced to allow pasture rotation and utilization Mineral rights under about half of the ranch

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Acreage (Deeded & Leased)

Tract 1 - 1,157 ± Tract 2 - 1,670 ± Tract 3 - 773 ± acres Total 3,600 ± acres

Tract 4 - All Seller’s minerals associated with Tract 1.

Tract 5 - All Seller’s minerals associated with Tract 2.

Tract 6 - All Seller’s minerals associated with Tract 3.

Contact auction company for additional details on mineral availability.

Deeded Acres: 3,349±

Total Acres: 3,349±

* All acreages are approximations.

Taxes

2011 taxes were approximately $9,688.40 or $2.69/acre.

Broker Participation

A commission will be paid to any properly licensed Broker who registers a successful buyer according to the broker participation guidelines. Broker registration forms are available from Hall and Hall. Forms must be completed and returned no later than Tuesday, May 15th at 5pm.

Terms

AUCTION TERMS AND CONDITIONS


PROCEDURE: The property will be offered in 6 individual parcels (3 surface parcels), any combination or as a total unit. The property will be sold in the manner resulting in the highest total sale price.


DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier’s check. The balance of the contract purchase price is due in cash at closing. 


ACCEPTANCE OF BID PRICES: All successful bidders will sign a sale contract at the auction site immediately following the close of bidding. The property will be sold subject to the Seller's acceptance or rejection. There will be no financing contingencies. 


CLOSING: At Seller’s discretion, closing date shall be on or before June 18th, 2012. Possession of the property will be given on or before June 18th, 2012. 


TITLE: Seller shall furnish the Buyer(s), at Seller’s expense, an updated title commitment for the property and agrees to provide and execute a warranty deed conveying merchantable title to the real estate to the Buyer(s). 


AGENCY: Hall and Hall Partners, LLP and its representatives are Exclusive Agents of the Seller. 


SELLERS: Red Buffalo Ranch.

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