Auction Details
Court Ordered REAL ESTATE AUCTION
TUESDAY JULY 1
11:00 AM
6001 & 6003 Park Valley Circle
Fort Smith, AR
Directions: From HWY 71 turn NE on Old HWY 71 go 1/10 mile; then turn East on Park Valley Circle.
Approximately 3,068 sq ft duplex in excellent condition and an even better location. Each unit features 3 bedrooms, 2 bathrooms, a spacious open kitchen/living area, fireplace, covered porch, and a 2-car garage. The property has a new roof and carpet installed within the past year. It’s a fantastic investment opportunity.
10% Buyer’s Premium. Click on “terms” tab for a full list of terms.
Note: By court order, this property is required to be sold. The 6001 unit is currently occupied by a life-estate holder who pays $700 in monthly rent. The life estate will transfer with the property.
All announcements day of sale supersede this ad
Terms and Conditions
Looper Auction & Realty II, LLC
4525 Palestine Road,
Huntington AR 72940
(479) 996-4848
Terms
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.
The 6001 unit is currently occupied by a life-estate holder who pays $700 in monthly rent. The life estate will transfer with the property.
Location
