Contract for Sale of Real Property: Each property is offered under the specific terms provided in
the contract. The Contract for Sale of Real Property is available at www.rowellauctions.com. Please
read and review the contract thoroughly prior to bidding on any property. If you have not read and
reviewed the Contract for Sale of Real Property, Do Not Bid!
This property is offered in three tracts.
Each tract is offered individually, high bidders choice, in combination with other tracts and the property
in its entirety. The configuration that produces the best offer to the seller will determine how the property
sells.
This property sells subject to owner confirmation. Please refer to the Contract for Sale of Real Property
for complete terms.
Rowell Auctions, Inc. has the sole authority to resolve any bidding disputes as they may
arise.
Auction End Times: All Rowell Auctions, Inc. Online Real Estate Auctions are timed events
and subject to extended bidding due to bidding activity. Rowell Auctions, Inc. reserves the
right to adjust the auto extension time period.
Example: Rowell Auctions, Inc. Online Only Real Estate Auctions have a “Dynamic Close” auto
extend feature. A bid placed within 5 minutes of the advertised auction end time will automatically
extend the auction and reset the timing remaining in the auction to 5 minutes remaining. Example: If
an auction scheduled to end at 4:00 p.m. receives a bid at 3:59 p.m., the “Dynamic Close” auction
extension is activated, and the close time of the auction automatically extends to 4:04 p.m. The
“Dynamic Close” auto-extend feature remains active until no further bids are received on any of the
properties in the entire bidding group of properties within the auto extend time frame at which time
the auction will close.
Bidder Verification: The identity of all bidders will be verified, and bidding privileges are
provisional. If complete verification is not possible, Rowell Auctions, Inc. reserves the right
reject the registration, and bidding activity is subject to termination.
Terms Real Estate: At the close of the auction, successful bidder will be emailed the contract
package to execute and return to Rowell Auctions, Inc. Successful bidder will deposit 15% of the
contract price as earnest money in the form of cashier's check or bank wire transfer with Rowell
Auctions within 24 hours of receipt of the contract package. The entirety of the remaining
balance is due at closing as stipulated in the “Contract for Sale of Real Property”. Purchaser shall
be responsible for all wire transfer fees.
Terms Pumping unit (If Sold Separately): Payment in full immediately after the Auction in the
form of cashier's check or bank wire transfer with Rowell Auctions. Pumping unit must be
removed withing 30 days of Auction.
Terms & Conditions
Buyer's Premium: A 10% Buyer’s Premium will be added to the bid price on all properties to
determine the final contract price.
10% Buyer's Premium Example:
Bid Price: $100,000.00
Plus 10% Buyer's Premium: $10,000.00
Contracts: Contract Packages will be sent by e-mail to the successful high bidder at the conclusion
of the auction. Successful high bidder must execute and fax, email or hand deliver the package back
to Rowell Auctions, Inc within 24 hours of receipt. Successful high bidders not executing and
returning their contract with earnest money deposit within 24 hours of receipt will be considered in
default and subject to an Administrative Fee (as defined below).
All Administrative Fees are non-refundable.
Auction Administrative Fee: In the event a winning bidder fails to submit the signed "Contract for
Sale of Real Property" and deposit earnest money as provided in the pre-stipulated Auction Terms,
the winning bidder will be charged an administrative fee of $2,500.00 on the credit card provided at
auction registration. Additional default remedies are reserved by Rowell Auctions, Inc. and the Seller
as provided in the Auction Terms & Conditions and the "Contract for Sale of Real Property.”
All administrative fees are non-refundable.
Closing: Time being of the essence, these sales shall be closed on or before January 15, 2026. The
purchaser will pay for all closing costs associated with the transaction. Please refer to the Contract
for Sale of Real Property, it is the document that governs the sale.
Agency Disclosure: In all transactions, Rowell Auctions, Inc. is acting as agent for the seller, not as
buyer's agent. Rowell Auctions, Inc. reserves the right to remove or cancel the bids and or bidding
rights and privileges of any party, deemed not to be in the best interest of the seller, at any time. At
auctions with reserve, the seller and/or auctioneer reserves the right to bid on the Seller’s behalf. On
all auctions, auctioneer reserves the right to bid on auctioneer’s behalf when permitted by law.
Disclaimer: All information contained herein is believed to be correct to the best of the auctioneer's
knowledge. The information is being furnished to bidders for the bidder's convenience and it is the
responsibility of the bidders to determine that information contained herein is accurate and complete.
Any reliance on the contents shall be solely at the recipient’s risk. Bidders must conduct and rely
solely upon their own investigations and inspections. The property is being sold "AS IS" with any
and all faults. Please review all information supplied and seek appropriate assistance prior to bidding.
