Terms & Conditions

AUCTION TERMS: Cash - A 10% nonrefundable downpayment sale day with the balance on or before Jan. 22, 2026.  Marketable Title will be conveyed and an owner’s title insurance policy will be provided with the cost of the owner’s policy and the closing agent’s fee (Weber Abstract & Title) to be divided 50-50 between the buyer(s) and sellers.  All of the 2024 RE taxes payable in 2025 as well as all of the 2025 RE taxes payable in 2026 will be paid by the seller.  The total acres being sold are based on a survey as completed by Midwest Land Surveying, Inc., with acres understood to be - more or less. The sellers do not warranty or guarantee that the existing fences lie on the true and correct boundary and new fencing, if any, will be the responsibility of the purchaser pursuant to SD law.  FSA cropland, yields, bases & other information is estimated and not guaranteed and are subject to county committee approval.  Information contained herein is deemed to be correct but is not guaranteed.  This property is sold in “AS IS” CONDITION and subject to any existing easements, restrictions, reservations or highways of record if any, as well as any or all Lake County Zoning Ordinances.  The RE licensees in this transaction are acting as agents for the agent for the owners.  Sold subject to confirmation of the Owners.  

INTERNET BIDDING TERMS:

  • *DO NOT REGISTER ONLINE IF YOU ARE ATTENDING THE LIVE ONSITE AUCTION!!
  • Bidders who wish to Bid online for the property must be registered at least 24 Hours Prior to the Auction. Bidders may contact Sutton Auctioneers & Land Brokers, LLC at 605-336-6315 or office@suttonauction.com.
  • Bidders who wish to bid online must provide Sutton Auctioneers & Land Brokers, LLC with a Bank Letter of Pre-Approval prior to bidding online. Bidders will not be automatically approved and online bidders will be manually approved for the auction.
  • Sutton Auctioneers & Land Brokers, LLC has the right to require a wire or electronic transfer of funds if the bidder is unable to meet in person with a representative from the auction company. 
  • By making a bid, Bidder accepts the terms and conditions below and will be bound by them.
  • Announcements made the day of the sale take precedence over written or advertised announcements, but do not alter, in any way, the terms and conditions of the sale.