Registration Terms and Conditions
Equipment Auction Terms and Conditions:
Looper Auction & Realty II, LLC.
Internet Buyer’s Premium: 6% (Looper Auction Live)
On-Site Buyer’s Premium: 6%
Payment Options: Cash, Check, Wire Transfer, or Card (An additional 4% fee will be charged when paying with a Debit or Credit Card)
Item Location: Unless otherwise indicated, all items will be on-site at our lot located at 5701 Alma HWY in Van Buren, Arkansas. Any items sold off-site will be indicated within the description of the lot.
Sales tax will be charged at this auction unless the buyer furnishes a resale certificate or other applicable sales tax exemption form.
Preview on all items will be available and is strongly encouraged prior to placing any bids. Preview will begin on Monday, Sept. 2nd and will continue until the date of the auction. If you would like to preview items earlier, please contact Cayden at 479-357-9537 or Zack at 479-322-8149.
ALL ITEMS ARE SOLD AS-IS WITH NO GUARANTIES OF ANY KIND. Items will be described as accurately as possible. There are no warranties or guarantees as to year, make, model, serial, number, condition, or performance. Buyer is strongly encouraged to inspect items prior to placing any bids. All announcements day of sale superseded any printed material.
Payment must be made by Tuesday, Sept. 10th at 5:00 PM and prior to the removal of any items. You will be asked to produce a paid invoice prior to the removal of any items. If you are sending someone else to pick up your items, please send them with a paid invoice.
Items remaining on-site after 21 days following the date of the auction will be considered abandoned.
Titles: If you purchase a titled item, it will be mailed to you within 30 days. Please read the description of any titled lot before placing a bid. Titles will be mailed to the address that buyer registers under.
Real Estate Terms and Conditions:
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 within 30 days. Buyer to pay all closing costs including 10% buyer’s premium, title insurance, revenue stamps, closing fees, survey, filing costs, and any other fees. Seller will cure any title problems if necessary. Taxes will be pro-rated to day of closing. Properties sell subject to court, bank or seller approval. The court, bank or seller retains their right to bid or have someone bid on their behalf. 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, judgment and inspection of the property and records.
