Auction Terms
Real Estate
20% non-refundable deposit is due on the day of auction. Buyer will be required to sign an auction sales agreement immediately after the real estate is announced by the auctioneer as sold. Cash, cashier's check, or pre-approved checks only are accepted as forms of payment. Qualified buyers only are allowed to bid. All real estate sold by Loomis Auctions, Inc. is sold "AS-IS" with no warranties or guarantees expressed or implied and without arbitration or negotiation options after announced by auctioneer as sold. Balance of payment is due within 30 days of closing. Failure to produce payment within that timeframe will result in the loss of any deposit. Seller guarantees a free and clear title at closing. Buyer is responsible for obtaining their own appraisal, testing and inspections prior to bidding . Loomis Group Auctioneers, Inc and all related companies, auctioneers, and staff directly or indirectly are held harmless for any claims made buy buyer or seller Loomis Group Auctioneers, Inc. acts as an agent only to facilitate the sale. All information relating to the real estate is understood as presented by Loomis Group Auctioneers Inc. on behalf of the owner, estate, or attorney for the estate. Loomis Group Auctioneers Inc. claims no responsibility for the accuracy of its content.
General
Cash, credit card, certified check or wire transfer. Highest bidder will be notified the following day to make arrangements to remove contents. Full payment due at notification. All bids must be accompanied by a refundable 25% deposit. All deposits returned to unsuccessful bidders.
Attention Credit Card Buyers: 4% premium assessed on credit card purchases.