Lot #4 HOW THE BIDDING PROCESS WILL WORK

Description:

How the Written Opening Bid /Phone Auction process will work:

1. Interested parties will be required to complete and return an opening bid on the land for sale to Fraser Auction Service by Monday April 27^th, 2026.
2. Only those who complete and return an opening bid will be eligible to take part in the phone auction to take place starting at 1:00pm Tuesday April 28^th, 2026
3. Opening bids will be placed and bidding will be by dollars per acre, then converted to total dollars per parcel at conclusion of sale.
4. Acre area based on Tax Assessments.
5. Buyers must have financing in place for purchase before bidding. Buyers who obtain financing though a financial institution must make their lender aware that a Ducks Unlimited Canada Conservation Agreement will be registered to title and that any mortgage obtained, shall be registered subsequent to the Conservation Agreement interest. 

IMPORTANT DATED TO REMEMBER:

1. Monday April 27^th, 2026 (Opening bids close)
2. Tuesday April 28^th, 2026 (Phone auction starting at 1:00pm)
3. Closing of sale and take-over of property will occur after registration the Conservation Agreement to title occurs. This may take up to three months. The Buyer will be given access to the sale property for haying and/or grazing purposes however, starting on June 17th, 2026. This will be done through a short-term contract with Ducks Unlimited that expires upon land transfer. 

 

HOW IT WILL BE CONDUCTED:

1. Opening bids will be opened once opening bids close.
2. All parties that send in an opening bid will be placed on the phone auction call list.
3. Parties will be placed on the call list in the order of value of opening bids (lowest to highest)
4. The lowest bidding party will be the first to be called and will be told the highest opening bid amount and at that time they have an opportunity to increase their bid to exceed the current highest bid.
5. If parties are unwilling to increase their bid to exceed current high bid by at least the minimum bid set by the auctioneer, they will be removed from the call list and out of the bidding.
6. This will continue until only one bidder (highest bidder) remains.
7. Once highest bid is determined it will be presented to seller for review.
8. If bid is accepted the buyer will be required to complete an offer to purchase with a deposit of $25,000.00 with Fraser Auction Services’ lawyer “Roy Johntson TDS in Trust”, within (2) two business days.
9. If high bidder fails to complete documents, then the next highest bidder’s high offer will be reviewed by seller for acceptance.
10. Closing of sale and take-over of property will occur after registration the Conservation Agreement to title occurs. This may take up to three months. The Buyer will be given access to the sale property for haying and/or grazing purposes however, starting on June 17th, 2026. This will be done through a short-term contract with Ducks Unlimited that expires upon land transfer.
11. Buyer is responsible for his or her own costs associated with the purchase of this land.
12. Buyers must use their own inspection as to environmental status, zoning, acre area, condition of land, and access to property. Buyer must sign a Conservation Agreement (CA) on properties.
13. 2025 taxes will be paid by seller. 2026 and forward to be paid by buyer.

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Buyers Premium: NO BUYERS FEE