Sample Invitation To Purchase - Montana Dnrc printable pdf download

Auction Sale Document No. 2

STATE OF MONTANA

DEPARTMENT OF NATURAL RESOURCES AND CONSERVATION

Invitation to Purchase State Land at Public Oral Auction and General Terms and Conditions

For Cabin/Home Site Sale #___________________

The Montana Department of Natural Resources and Conservation (DNRC), Trust Land Management Division,

offers a parcel of land in _____________________ County (the “cabin/home site”) for sale at public oral auction.

Information and bid packages are available on the DNRC website at:

For more information, please contact Emily Cooper at (406) 444-4165 or by email at ecooper@mt.gov, or the

local DNRC Land Office for more information.

CABIN/HOME SITE DESCRIPTION

_________________________________________________________

_________ ________ ________ ______________________

(Legal Description)

Sec.

Twp

Rge

County

APPRAISED VALUE / MINIMUM BID

The minimum bid of each property has been established by the State Board of Land. Bids at this auction are for the

purchase of land only. The minimum bid will be used as the minimum acceptable bid at the auction under the terms and

conditions provided herein.

The minimum bid is $ ___________,000

ADDITIONAL PURCHASE OF IMPROVEMENTS

The improvements and any other personal property (improvements) on the cabin/home site are owned by a prior

lessee or other 3

party. The successful bidder (Buyer) shall be required to pay the sum of $

which is the appraised value of the improvements, in addition to the purchase price of the cabin/home site

determined by the highest bid at the auction, in accordance with M.C.A. §77-2-318.

PROCESSING COSTS AND CLOSING COSTS

Buyer shall also pay approximately $___________ for all processing costs related to the sale, which include, but

are not limited to, the cost of the appraisal attributable to the improvements, legal advertisements of the sale,

water rights transfer fees, and the indirect costs administrative fee. This cost is an estimate only. If actual costs

differ from this estimate, either credit or debit will be reflected on the settlement statement at closing. The State

shall pay one-half (½) of the Closing Agent’s closing and escrow fees. Buyer shall pay one-half (½) of the Closing

Agent’s closing and escrow fees. In addition, Buyer shall pay all other closing costs related to the sale, including

but not limited to, the recording fees, title insurance (to be purchased only at buyer’s option), lender fees (if any).

SITE INSPECTION & OPEN HOUSES

The cabin/home site will be sold “AS IS”, meaning it will be sold in its present condition. The buyer purchases the

cabin/home site without any recourse against the State for its conditions or faults, whether the faults are apparent

or not. Interested parties are strongly encouraged to do an on-site inspection of the cabin/home site and

improvements prior to submitting an Offer to Purchase. There will be two open houses when the cabin/home site

and all improvements will be open to viewing by the general public. The open houses are scheduled on _______

___________________ between the hours of _________ and _______________ and _____________________

between the hours of _______ and ________.

ACCESS RESERVATIONS

The State shall convey the cabin/home site with whatever access the State has to convey. The State will reserve

any and all easements or rights of way to other public or state trust land, former public or state trust land, public

water, and any existing easements or rights of way purchased to access adjacent private lands.

Invitation to Purchase Sate Land at Oral Public Auction and

Page 1

General Terms and Conditions of Sale for Cabin/Home Site Sale #_______________

Sample Invitation To Purchase - Montana Dnrc

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