155+/- Acres in Hancock County, IA brings excellent price
On September 25, 2019 our team hosted the Robert Burns Auction via our online platform, BidCapture. We, at DreamDirt, are extremely thankful Tom Buns and his family trusted us with the auction of their farmland!
The land for sale
This auction was conducted as an Timed Online Land Auction. The farm included 155 acres that had a CSR2 rating of 82.1. This high quality farm also included 2 Grain Bins (built in 1981), a 396 sq. ft garage and a 28 ft horizontal auger. The new buyer will assume landlord possession upon closing which is to be on, or before, October 25, 2019.
155 +/- Acres in Hancock county, iowa
The Robert Buns Trust Farmland Auction was opened on our platform August 22, 2019. Initially the bidding took off like we've never seen! However, on sale, day things became a bit stagnant up until about 20 minutes to closing. That's when the bids began flying in left and right!
Now, this may sound a bit frightening to some potential sellers out there - but fear not! Our seller, Tom Buns, came into our Mason City office around 1 PM the day of the sale. He was able to physically watch the sale with Auctioneer, Tom Bradley, the entire time and discuss any questions he had about the process, as well as discuss the bids coming in.
Once the seller had confirmed the sale, and achieved the price desired, it was very evident how relaxed he felt. Recently, a similar farm of 157 acres in Hancock County, Iowa sold for $6,600 an acre with a CSR2 of 75.3 - so we, along with the seller, are thrilled with the $8,900/acre results of this auction!
To see more about the farm in Hancock County, Iowa - watch the video below!
SELLING FARMLAND? LET US GET YOU ACROSS THE FINISH LINE SAFELY
You are one step away from making a very important decision. We offer more advertising, less stress, and great results. There are lots of ways to get started. The easiest is to give us a call and visit about your options. The process will look like the following, from beginning to end:
Typical Land Auction Steps
- Step 1 Consultation. Call us at (641) 423-6400 or me (515) 537-6633
- Step 2 Valuation
- Step 3 Marketing Proposal
- Step 4 Listing Agreement
- Step 5 Advertising
- Step 6 Auction Day
- Step 7 Closing and Settlement
JASON SMITH, CAI AUCTIONEER | LAND BROKER
Jason Smith is the founder of DreamDirt. Jason is one of less than 900 CAI designated auctioneers in the United States, as well as a licensed real estate broker and appraiser, with a focus on selling farms and land in the Midwest. Jason works closely with family farms and their heirs to help maximize the value of the farm and guide them through the selling process. Jason has sold well over 500 tracts of land in his career and is a top producing Auctioneer and Broker.
Tom Bradley, CAI Auctioneer | Land Broker
Tom Bradley is a partner at DreamDirt. He is also a CAI designated auctioneer and licensed real estate broker. Tom is the lead auctioneer at DreamDirt, responsible for auction operations and ensuring our live and online auction teams are performing at their best for each client. Tom has conducted over 1,500 auctions in his career.
If you want to learn more about selling farmland by listing or auction, contact either Jason or Tom to see how you can enjoy the easiest and most productive farmland sale possible!