"Links Farm" 200 +/- acre Cooke County farm land for sale near Era, TX

Description

K-B Farms is liquidating all of their real estate holdings in southwestern Cooke County, near the Era and Hood Communities. 14 different tracts are being sold by sealed bid, with all bids being presented to the sellers on October 11, 2017. Please see the "Bid Information" sheet attached for more information, or contact the listing agent, Jared Groce, for more information. Buyers may offer any amount, but offers below $4000 per acre might not be considered by the sellers.

This property, known as the "Links Farm", is a productive farm with information below.

LOCATION West side of FM 1198 at CR 376

ACREAGE 200 +/- acres

PRICE PER ACRE $4,000

TOTAL PRICE $800,000

WATER well (currently un-operative). Pond. Flat Creek.

ELECTRIC Lines on the property.

FENCES Good barbed wire fence. Cross fenced.

VEGETATION Native grasses on lay-out land. 100.77 acres in cultivation.

MINERALS No minerals to convey. Current production on property. 3 stripper oil wells.

EASEMENTS Standard electric line easements. Mineral easement.

IMPROVEMENTS Water well

OFFER INFORMATION

Competitive bids are being accepted for the sale of the property owned by K-B Farms, Daniel, Bryan, and Keith Klement. Buyers will be competing against other buyers, so please keep this in mind when preparing your offer. If buyer does not have a buyer's agent, contact the listing agent, Jared Groce, for more information and assistance.

SELLERS NAMES: Keith Klement, Bryan Klement, and Daniel Klement

SURVEY: There are NOT current surveys available. New surveys will be required.

OFFER FORMS: All offers are to be presented on TAR 1701 Farm & Ranch Contract form, or TREC 25-11 Farm & Ranch Contract form, as well as any pertinent addenda that may be required.

OFFER DATES: Sealed bid offers will be examined by sellers on October 11, 2017. All completed offers must be presented to listing agent prior to that time.

SELLERS RETAIN THE RIGHT TO REJECT, ACCEPT, OR COUNTER ANY AND ALL OFFERS.

INFORMATION ABOUT OTHER BIDS WILL NOT BE DISCLOSED TO OTHERS.

BUYER'S AGENTS: Buyer's broker must be present at all showings for their client, and must make first contact with listing agent in order to receive commission participation.

FINANCING APPROVAL: Buyer must have credit approval prior to presenting offer, and a letter of qualification must be presented with the offer if financing is being sought. Owner financing is not available.

MINERAL RIGHTS: No mineral rights are being conveyed.

DO NOT ENTER PROPERTY WITHOUT AN APPOINTMENT