Land Auction Terms and Conditions:
Note To The Bidder: when registering to bid you will be required to have a letter of confirmation of funds from your bank. Letter of confirmation must be on bank letterhead with your name and/or company and the amount of funds available to apply towards your purchase. This letter of confirmation must be forwarded to Prairie Auction Group before bidding.
Internet Bidding Fee: $1500 which will be added to the purchase price.
Tax: The purchase will be subject to all federal and provincial taxes which will be added to the purchase price, where applicable.
Deposit: Upon acceptance of the offer the purchaser is required to place a 15% deposit of the purchase price to the trust account of NAME NEEDED FROM CLIENT. This deposit is non-refundable
Closing Date: The successful purchaser is required to close the purchase within 30 days from the acceptance of the offer. The purchaser will provide the name of the solicitor acting on the purchaser's behalf
Purchase Contract: The title will be free and clear of all financial encumbrances. A copy of the purchase contract is attached as a PDF below
Status of Property: The property will be sold on an as-is-where-is basis with no warranties or representation. It is the responsibility of the bidder to ensure that they have inspected the property to determine acres, power lines, utility right of way, fence lines, and access.
Questions: Further regarding the bidding process, please contact our office at 780-250-2525
Land Auction Terms and Conditions
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