February 24, 2026 Online Only Land Auction Terms and Conditions

👥 BROKERAGE AND AUCTION PARTNERSHIP

•    Listing Brokerage: Ole’s 5 Star Realty

•    Listing Broker: Joe Sylvester

•    Auction Company and Online Platform Provider:
Joel’s Tractors and Auction, LLC

Joel’s Tractors and Auction, LLC is providing the online auction platform in cooperation with Ole’s 5 Star Realty.

📞 CONTACT INFORMATION

All questions regarding the property should be directed to:

Joe Sylvester
Broker – Ole’s 5 Star Realty
📞 Cell: (563) 880-2201
📧 joe.5starrealty@yahoo.com

Licensed Real Estate Broker in Iowa

📍 PROPERTY LOCATION AND DESCRIPTION

This property consists of ±33.00 acres located in Black Hawk County, Iowa, at the corner of Sage Road and E. Marquis Road.

The tract has an average CSR of 86.20, indicating high-quality, productive Iowa farmland (CSR provided for informational purposes only).
Primary soil types include Tripoli clay loam, Readlyn loam, and Clyde silty clay loam.

Topography: Level
Fencing: Barbed wire fencing present
Zoning: Agricultural

Property is Tiled; buyers are encouraged to conduct their own due diligence regarding tile.

Parcel ID: 901 206 226 001 (for identification purposes only)

Property information has been provided by the East Central Iowa Multiple Listing Service (ECIMLS).

🔨 AUCTION DETAILS

•    Auction Type: Online Auction Only

•    Bidding Opens: February 10th at 9:00 AM CST

•    Bidding Ends: February 24th at 11:00 AM CST

•    Buyer’s Premium: 2%

The property will be sold to the highest qualified bidder bidding on a per-acre basis, with the total contract price determined by the final per-acre bid multiplied by 33 acres.

The seller reserves the right to accept or reject the final bid. Any rejection of the sale shall occur prior to the consummation of the sale.

🔨 BIDDING METHOD

Per Acre Bidding
Bidding will be conducted on a price-per-acre basis.

The final purchase price shall be calculated by multiplying the high bid per acre by 33 acres.

Example:
A bid of $10,000 per acre × 33 acres = $330,000 total purchase price
(plus applicable buyer’s premium, if any).

All acreage figures are approximate and provided for informational purposes only.

⏱️ TIMED BID EXTENSION

1-Minute Extension

This auction is configured with a 1-minute timed bid extension.

If a bid is placed within the final one (1) minute of the auction, the auction closing time will automatically extend by one (1) minute.

The auto-extension feature is enabled to allow fair bidding and prevent last-second “sniping.”

🔁 AUTO-EXTENSION SETTING (SELECT ONE)

Auto-Extension Enabled
The online auction platform is set to automatically extend bidding time if a bid is placed near the scheduled closing time.

💰 PAYMENT TERMS

• $10,000 Earnest Money due auction day by 2:30 PM CST
❌ Personal or business checks will not be accepted.

• Earnest money checks must be made payable to:
Ole’s 5 Star Realty Trust Account

• Earnest money and final payment must be made using certified funds, including:
◦ Cashier’s check
◦ Certified check
◦ Official bank check
◦ Wire transfer

• A $30.00 wire transfer fee will apply

• Buyers must contact the listing broker directly to request wire instructions by contacting:
Joe Sylvester
📞 (563) 880-2201
📧 joe.5starrealty@yahoo.com

Failure of the successful bidder to close in accordance with the purchase agreement may result in forfeiture of earnest money.

🧾 INVOICING

An invoice will be sent to the buyer’s email address used at registration following the close of the auction.

For invoice questions only, contact Joel’s Tractors and Auction, LLC and ask for Mandy at (563) 933-4188.

🏦 HOW TO REGISTER & GET APPROVED TO BID

• Register to bid online at:
www.everitttractors.com

• Email your Letter of Guarantee PRIOR to bidding to:
📧 info@everitttractors.com

• Please include “Letter of Guarantee – 2/24 Land Auction” in the email subject line.

• Once your Letter of Guarantee is received and verified, we will approve your registration for bidding.

You will NOT be approved to bid until this letter has been received and confirmed.