The rugged beauty of this tract and live water create good wildlife habitat. Fuqua Draw and Sierrita de la Cruz Creek run through this section.
PROCEDURE: These 3,328 + acres will be offered in five (5) individual tracts. This is a Bidder’s Choice Auction. The highest bidder earns the right to choose one tract, multiple tracts, or the entire ranch at their submitted bid. After the highest bidder has made their selection of tracts in the first round of bidding and those tracts have been marked as Sold, the second round of bidding will begin on the remaining tracts. The highest bidder of the second round earns the right to choose the tract or tracts they wish to purchase from those remaining tracts. This process will continue until all five tracts are sold.
BUYER PREMIUM: A 5% Buyer Premium is in effect for all purchases. The Buyer Premium will be added to the “Auction Board Price” to determine the “Total Sales Price” or “Total Contract Price”.
ACCEPTANCE OF BID PRICES: All successful bidders will sign a purchase agreement at the auction site immediately following the close of the auction. All final bid prices are subject to the Seller’s approval.
EARNEST MONEY: Ten percent (10%) earnest money on the day of the auction, upon signing a purchase agreement immediately following the close of bidding. The earnest money may be paid in the form of personal check, business check, or cashier’s check. The remainder of the purchase price is payable in cash at closing. YOUR BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
REAL ESTATE TAXES AND ASSESSMENTS: The Property Taxes will be prorated to the date of closing. Seller shall have paid all Property Taxes for prior years before closing. The Buyer(s) will be responsible for any “rollback” in the property taxes. The Buyer(s) will be responsible for all additional taxes imposed after the date of execution of the Special Warranty Deed by seller as a result of any change in use of any part of the subject property, the intent being that all such additional taxes shall be the responsibility of the Buyer(s) and the Buyer’s heirs, personal representatives and assigns.
BROKER PARTICIPATION: Contact the Auction office at 800-299-5263 to obtain the broker participation guidelines.
CLOSING: Will take place on or before November 1, 2022, or as soon as applicable closing documents and surveys (if needed) are completed.
POSSESSION: Possession will be given at closing.
TITLE: Seller shall provide an Owner’s Policy of Title Insurance on the surface tracts in the amount of the purchase price. Buyer(s) will be responsible for all expenses related to acquiring a mortgagee’s title policy, if required. Seller shall execute a Special Warranty Deed conveying the real estate to the Buyer(s).
PROPERTY CONDITION: Property to be sold AS IS—WHERE IS and no warranty or representation, either express or implied, will be given to any bidder or Buyer. Buyer(s) shall release Seller of any and all liability.
EASEMENTS AND LEASES: Sale of the property is subject to any and all easements of record and any and all leases. Current grazing leases will expire upon closing.
SURVEY: If a survey is needed to close the sale to a single Buyer of all of the properties, the cost of that survey shall be at such Buyer’s cost and expense. If a survey is needed to close the sale to a Buyer of less than all of the properties in order to plot any easements created, the cost of such survey shall be at the cost and expense of the Seller(s) of the Tract(s). All advertised acreages are approximate and have been estimated based on current legal descriptions and/or aerial photos. See purchase agreement for details of price adjustments.
MINERAL RIGHTS: No oil, gas or other minerals will be conveyed. All executive Wind Rights will be conveyed to the Buyer(s). Each Owner will retain one-half (1/2) of the Owner’s Wind Rights to the extent allowed by Texas law.
AGENCY: Clift Land Auctions, LP and Clift Land Brokers and its representatives are exclusive agents of the Sellers.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information used in the marketing of this property is subject to the terms and conditions outlined in the agreement to purchase. ANNOUNCEMENTS MADE BY THE AUCTIONEER AT THE AUCTION PODIUM DURING THE TIME OF THE SALE WILL TAKE PRECEDENCE OVER ANY PREVIOUSLY PRINTED MATERIAL OR ANY OTHER ORAL STATEMENTS MADE. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Sellers or the Auction Company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information used in marketing this property is believed to be accurate, but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller, the Broker, the Auction Company or any of their respective representatives. All sketches and dimensions are approximate. Conduct at the auction and increments of bidding are at the direction and discretion of the Auctioneer. The Seller, Broker and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the Auctioneer are final. Remote bidding will be available by phone. Call Brady Cowan at (940) 733-9608 no later than Monday, September 19, 2022 at 12:00 noon for approval to bid by phone.
NEW DATA, CORRECTIONS AND CHANGES: Please arrive prior to the scheduled auction time to inspect any changes, corrections or additions to the property information.
NOTE: Videotaping, flash photography and/or public announcements will be allowed on auction day ONLY with prior approval from Clift Land Auctions, LP.
The Sierrita de la Cruz Ranch is a beautiful 3,328 +/- acre grazing and hunting ranch that lies along Bush Creek and the Sierrita de la Cruz Creek in the western Texas Panhandle. This Ranch is the north end of the original Frying Pan Ranch established by the family in 1881. Tabletop mesas offered 20-mile views, while the native grass, live water, and brush provide good habitat for antelope, whitetail deer, and mule deer. You will enjoy the peaceful seclusion this Ranch has to offer, while being just a short 18 mile commute to Amarillo, the largest city in the Texas Panhandle.
This Ranch will be offered for sale in five individual section tracts. This is a Bidder’s Choice Auction. See the Terms and Conditions for more information on the bidding procedures.
The auction will take place at 2:00 pm on Tuesday, September 20, 2022 at the Amarillo Country Club, 4800 Bushland Blvd. Amarillo, TX. 79106. If you cannot attend this auction, remote bidding by phone will be available. Plan to attend the Auction Information Meeting at 1:30 pm on Tuesday, August 30th at the Amarillo Country Club. This is a great opportunity to learn more about this Ranch and the bidder’s choice auction process.