Real Estate Auction:
Registration finalizes – Each bidder agrees to terms and conditions of sale. Do not bid unless you agree to be bound by these terms. Property to be sold as is where is with faults, without express or implied warranties of any kind. Buyer is to perform all inspections prior to auction with professionals of their choosing. Looper Auction & Realty II, LLC represents the sellers only and does not inspect properties on behalf of buyers and assumes no responsibility for the correctness of any descriptions.
Buyer must make a 10% non-refundable deposit at the conclusion of bidding. Buyer must also execute the sales contract and property disclosure (if available) which will be posted prior to the auction. Balance of purchase price along with all closing costs will be due in approx. 30 days. Buyer to pay all closing costs including 10% buyer’s premium, title insurance, revenue stamps, closing fees, survey (if needed), filing costs, and any other fees. Seller will cure any title problems if necessary. Taxes will be pro-rated to day of closing. Properties may sell regardless of price or subject to court, bank or seller approval. Possession will be upon closing with filing of deed. 10% deposit will be refunded if seller defaults. Property is sold with no contingencies, buyer should conduct all inspections required by lender prior to auction. If a lender is being used, buyer should be pre-qualified.
Purchase price is amount of highest bid plus 10% buyer’s premium to make a total purchase price. Buyer to make a 10% non-refundable deposit of the total purchase price.
***Example – High bid is $500,000
$500,000 plus $50,000 = $550,000
10% non-refundable deposit = $55,000
All information given orally or in writing was derived from sources believed to be correct, but is not guaranteed. All real estate dimensions are only approximations. Buyers shall rely entirely on their own information, judgement and inspection of the property and records.
Personal property will be sold separately and does not convey with the property. Any items remaining after closing will convey with the property. Lawn may not be maintained by the seller prior to closing.
Personal Property Auction:
Terms of Sale (unless otherwise noted or announced at live auction)
1 – Registration: Buyer must present a valid driver's license to register.
2 – Payment: We accept cash, local check, or debit/credit card. There is a 4% convenience fee added to debit/credit card transactions. If you are an unknown buyer and plan to purchase a large item with a check, a bank letter of credit guaranteeing funds is required. Payment is required by the end of the auction – regardless of when the item is picked up. If buyer must leave the premises to get a trailer or anything else to haul their items, they must pay for the items before leaving the sale site.
3 – Everything sells “as-is” where-is” with no guarantees of any kind, regardless of statement of condition or description of item made from the auction company or the seller. Buyers shall rely entirely on their own inspection and information.
4 – Buyer is responsible for their items after they are sold. Auction company cannot guard their property. Buyer is to secure their own purchases after they are the winning bidder.