Catch the Wave
Sold on November 7, 2019
from 6:00 PM to 6:00 PM UTC
Location
High Prairie, AB
Sale Size
1 Parcel, 591.09
Final
$300,000
3 outstanding quarters of land for sale near High Prairie, Alberta - all offering some of the most fertile land in the area! Fertile land, close to amenities and one parcel with access to a spectacular beach area along the westerly bank of the East Prairie River for both farming and recreation!
3 outstanding quarters of land for sale near High Prairie, Alberta - all offering some of the most fertile land in the area! Fertile land, close to amenities and one parcel with access to a spectacular beach area along the westerly bank of the East Prairie River for both farming and recreation!
Sale Details
Documents To Review
Sale Description
Farmers, turn off your engines for a minute. Even if slightly hard of hearing, you should be able to hear the distant roar of the incoming tidal wave scheduled to hit High Prairie in mid-November. For the first time in decades a large tract of arguably some of the most fertile land around will be up for auction. An auction where past prices mean nothing. An Auction that will move the needle for years to come and serve as a one-way ratchet aligning prices closer to those seen in the Falher area to the west or Westlock area to the east. Ken & Kim Hubar's farmland for sale on November 7, 2019 offers that perfect opportunity to catch the wave in advance and buy before the swell is in. Let the wave carry you for a lift and enjoy the sensation of knowing you nailed it as opposed to spending the winter beating yourself for missing an opportunity of a lifetime.
[https://clhbidstorage.blob.core.windows.net/documents/Auctions/fe22b811-4133-4582-5649-08d7412be8a6/TinyMCEPictures/d2013236-ee1c-440b-b65a-e3ecf3de72b8.jpg]Parcel A (SE 13-75-17-W5) has 152 cultivated acres of highly fertile farmland only 4 miles north of the town of High Prairie. This parcel is a show stopper with a full half mile of paved frontage. All utilities including town water are available at or near the property border. A great place to build your home offering quick and easy access onto Secondary 749 for work to the south or play to the north. Rent your new home quarter out while enjoying all the amenities that come with country living close to urban amenities.
Parcel B (SW-8-75-16-W5) is 148 cultivated acres. Like Parcel A, this quarter is perfect for pulse crops being virtually free of rocks. Just 3 miles from a major centre equates to solid demand from both urban and rural buyers if you ever decide to liquidate your investment. This outstanding parcel of land comes with a 40’x 50’ metal clad shop with a dirt floor and large doors, along with a sizeable former yard site containing a vintage barn and small mature treed area. An old log cabin remains hidden in the trees. Utility lines, including town water are available at or near the property border. There are great community minded neighbors nearby. This property can continue with current renters, or take advantage of farming it yourself, or use the proximity to town to convert to other business opportunities.
[https://clhbidstorage.blob.core.windows.net/documents/Auctions/fe22b811-4133-4582-5649-08d7412be8a6/TinyMCEPictures/afaafb86-0178-419f-b76f-91e002d85e3b.jpg]Parcel C (SE-10-74-16-W5) offers up over 100 acres of deep black soil that will work 24/7 for your bottom line. You cannot hide excellence in farming and this quarter has been well known to generations of neighbours for consistently producing bumper crops. Parcel C is truly a one off. At the end of a dead-end road, Parcel C truly offers any buyer an opportunity to stay and play for a lifetime. Build your dream home along the secluded upper bank and on the weekends or evenings hike with your kids or grandkids down over the treed cliff that opens onto a spectacular sandy beach area along the westerly bank of the East Prairie River. Down under they might just call it Prairie Heads looking down from above on the cliff. A private hideaway where wind is diminished, senses enhanced and memories are made. Imagine great family times, quaint romantic get togethers or entertaining on summer evenings. Buy this quarter, only 5 miles east, southeast of High Prairie, and sell the RV or lake lot and forget about dealing with crowds. All this while enjoying annual revenue from renting out the quarter to area farmers. It quite simply doesn’t get any better.
Parcel A, B and C of the Hubar farm will be offered for sale by way of on-line electronic tender by CLHbid.com. Check website for details from time to time.
Note: There is no 'en bloc' option with this auction.
Catch the Wave is being offered for sale via online escalating tender by CLHbid.com. Check the website for updates from time to time. The property may be viewed by interested registered bidders. Please contact us by email at info@clhbid.com for an appointment. As a law firm, CLHbid never discloses bidder's names to any party, including the Seller. Only the successful buyer's name is ever disclosed to the Seller as part of the closing process.
Proven Results
from satisfied buyers
Frequently Asked Questions
There are existing auction platforms out there such as the ‘Iowa Auction’ that stop bidding after all individual parcels have received high bids. Then for round #2 of the auction they allow past as well as new bidders to ‘up the ante’ by bidding on the entire farm or ranch with a reserve bid set at the aggregate price just bid on all individual parcels in round #1.
After seeking input from many farmers and ranchers, most told us they didn’t feel a platform such as this was fair to bidders on individual parcels who in many cases have went to a lot of work to get pre-approved for financing etc. Farmers and ranchers also indicated they didn’t think it is fair for a large player to ‘lay in the weeds’ and not bid until after the initial round of bidding. They also told us that it would not be fair to allow a larger player to acquire the entire farm or ranch for only a few dollars more than the aggregate of the prior individual bids. Hence the rationale for the ‘premium bid’ amount for the ‘en bloc’ parcel at the conclusion of the auction.
At CLHbid.com, you as bidder only need to be high on a certain number (generally less than 50%) of parcels in order to have a chance to acquire the entire farm or ranch, whereas at national Auction firms you generally have to be high on 100% of the parcels in order acquire the entire ranch or farm.
Bidders have no knowledge of the identity of other bidders. Likewise, the Seller during the sale is not privy to who may be bidding or how many parcels someone may be ‘high on’. At CLHbid.com we set out to create a platform for the selling or leasing of agricultural land that was honest, fully transparent and offered no opportunity for bids to be shopped by the Seller. This is especially important wherein the Seller has final approval.
At CLHbid.com we have put safeguards in place in our CLHbid.com contract with our Seller to ensure the Seller deals only with the high bidder at the conclusion of bidding. During the timed auction itself, all back-end information is locked down including who is bidding or who is registered to bid. At the conclusion of the bidding, the Seller is privy only to the name of the high bidder on each parcel.
The minimum increment for bidding is set prior to each specific sale in consultation with the Seller. The increments are set having regard to the FMV of the parcel being sold with more expensive parcels generally having larger increments.
We have all been to live auctions where a quarter of land worth $500,000.00 starts at $100,000.00. The parcel is then bid up in large increments initially with the increments gradually decreasing in size as the bidding approaches the end. At CLHbid.com, given our predetermined minimum increments, we try and speed up the process by starting the bidding at what we see as a reasonable number to start serious bidding at, yet a number still below FMV.
In addition, given the ‘en bloc’ final parcel bidding option offered at CLHbid.com, we require a floor number for each individual parcel in the unlikely event a specific parcel doesn’t receive a bid, yet at the conclusion an eligible bidder wishes to bid on the entire farm or ranch. In such a case, the Starting Bid becomes the value to be used for that Parcel not receiving a bid when determining aggregate bids. It is important to note the Starting Bid is not a Reserve Bid.
PLEASE NOTE: Not all CLHbid.com sales have an ‘en bloc’. Please review the particulars of each sale for clarity.
No. The Seller waives their right to approve the sale if there is a bid on the ‘en bloc’.
This is really no different than in the tendering process wherein Tenders stipulate “any and all tenders will not necessarily be accepted”. One issue with tendering is the cost to put a tender in the paper is nominal and there is always a risk of the Seller perhaps just feeling out the market or wanting to know the names of the parties interested.
At CLHbid.com one of the paramount reasons for allowing the Seller final say is to alleviate the need for an expensive Guarantee to the auction house – expensive and seldom called upon yet often required by the Sellers bank. The Seller’s bank doesn’t require the Seller to purchase a Guarantee when using the CLHbid.com platform wherein the sale is at the Seller’s discretion.
CLHbid.com incurs significant marketing costs in the event the Seller fails to accept the high bid(s). The Seller is under contract with CLHbid.com and the contract references trigger values indicating when the right of the Seller to refuse a sale is taken away.
At CLHbid.com, our Sellers are fully invested in the process meaning the likelihood of a high bid not being accepted is extremely remote.
No. At CLHbid.com there is no advantage to waiting to bid. Our platform has a ‘refresh’ function on the clock such that any bid placed near the expiration of the timed sale will automatically re-set the clock adding additional minutes to the clock giving all parties (including the bidder that was just outbid) another opportunity to bid.
At CLHbid.com we take the human element out of the process. During the bidding process if you are high, you will receive an online notice saying you are High Bid. If you get outbid you will receive an online notice saying you were Outbid. Immediately upon expiration of the timed sale, the high bidder will receive an email indicating they were the HIGHEST BIDDER.
All emails are auto generated. The question cannot arise as to whether you were high or not or “was it shopped to someone they liked better” such as when tendering land.
No. The Starting Bid is just that. The first bid required for a Parcel is the Starting Bid and not some number above it. If you are the initial bidder and just bid the basic minimum increment your Current Bid will be the Starting Bid number.
CLHbid.com doesn’t publish the name of the high bidder. We do, however, disclose the name of the high bidder to the Seller as they are then in a contractual agreement to buy and sell. We leave it up to the high bidder and Seller to tell whomever they wish.
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The sale starts and finishes in a matter of hours and the time will extend if bids are placed in the last two minutes of the sale. As confidentiality and honesty are paramount to us, bidders names are never released.
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