Online Only
April 15 – 29
Location: 900 NM 480, Portales, NM
Prime Grassland. 313+/- acres. Located 14 miles SW of Portales. From US Hwy 70 & NM 480 (Tinsley Crossing) go West on NM 480 for approx. 5 miles. This grassland investment property is covered with native grasses. There is an Internet premium of 5% added to the last and final bid price per acre.
Taxes shall be prorated to the date of closing. Title and closing costs shall be split 50/50. Property is being sold in as is where is with no warranties or guarantees. All inspections must be conducted prior to the sale. Closing shall be with Graham Title on or before May 29st, 2025. 10% non-refundable earnest money down day of sale. All bids will be considered cash deals, no financing, appraisal or inspection contingencies will be accepted. What mineral rights the Sellers own shall transfer – It is believed the minerals are intact. Allstar Auction Co / Town and Country Real Estate is acting as a Seller’s Agent only. All real estate is selling subject to any easements. Real estate is not selling subject to any inspections or bank approval. All boundary line maps are approximate. Real estate shall be sold with no disclosure statements. Selling with Seller’s confirmation on price. The Sellers have elected to have online bidding. Bidders must be preapproved with their lender, if applicable. All property information is believed to be accurate, however Allstar Auction Co. is not liable for its accuracy. All bids are considered final. At the end of the online auction, we will confirm the sale with the seller before declaring “SOLD”. If you are the winning bidder (online) we will contact you by phone to coordinate signing and collection of earnest money. Winning bidder must enter into a purchase contract no later than 5pm Friday May 2 2025. Bidders registered online maybe contacted by a representative of the auction company for proof of funds/pre approval. Allstar Auction Co. has the authority to establish all bidding increments. Allstar Auction Co. reserved the right to accept, set or decline bidder permissions. Allstar Auction Co. has the right to refuse, reject, or disqualify any bidders believed to be fraudulent, illegitimate, not competent, or in violation of any terms and conditions. Allstar Auction Co. has the right to extend, pause, or delay the auction. Allstar Auction Co. is not liable for any claim regarding poor internet connection/disconnection during or before the auction.