Real Estate Auction Terms & Conditions

The Following Terms & Conditions Apply To The Online Real Estate Auction of 500 E. 8th St. Unit 3, Little Rock, AR 72202. In order to bid, you must read and accept all of the terms and conditions set forth below.

All offers are subject To Circuit Court Of Pulaski County, Probate Division.

Buyers Premium: A buyer's premium of Ten percent (10%) of the high bid will be added to the bid to determine the final sales price.

Upon acceptance, the successful purchaser will be required to make an earnest money down payment in the amount of 20% of the contract purchase price. The balance is due in approximately 30 days at closing. Purchaser will receive a General Warranty Deed at closing. Additionally, Seller will provide the purchaser an Owners Title Insurance Policy at closing. Buyer & Seller will each pay their respective portion of the closing cost & taxes will be prorated to the date of closing.

Wooley Auctioneers requires a credit card for bidder verification purposes only. We will never charge your credit card for real estate transactions. Wooley Auctioneers will contact the winning bidder by phone at the conclusion of the auction with detailed payment instructions. (See payment instructions below)

Buyer's Contract: Your bids placed on the Wooley Auctioneers website/bidding platform are a contract and you are responsible for paying all amounts due.

Currency Type: USD

Auction Location: Internet Online Only

Payment Instructions: Winning bidder will be required to put 20% of the contract purchase price immediately following the auction in form of a cashier's check made out to Standard Abstract & Title Company Located at 1012 Autumn Rd. Little Rock, AR. Office (501) 221-9449. The balance will be due in approximately 30 days at closing. Buyer & Seller will each pay their respective portion of the closing cost & taxes will be prorated to the date of closing.

Terms of Sale:
1. YOUR BID IS A CONTRACT TO BUY should you be the winning bidder.
2. All property is sold "AS IS".
3. By bidding on property, the bidder shows acceptance of the terms of the auction.
4. All announcements made prior to the close of the Internet bidding take precedence over all written or verbal statements.
5. Wooley Auctioneers attempts to describe the properties to the best of our abilities however we make no representations or guarantees. In no event shall Wooley Auctioneers, Inc. be held responsible for having made or implied any warranty of merchantability or fitness for a purpose. Nor shall we be responsible for any errors or omissions in the description of the properties.

Wooley Auctioneers, Inc. is providing an Internet auction as a service to Bidder. Bidder acknowledges and understands that this service may or may not function correctly the day of the auction. Under no circumstances shall bidder have any kind of claim against Auction Company or anyone else if the Internet service fails to work correctly during the online auction. Auction Company will not be responsible for any missed bids from any source. Internet bidders who desire to make certain their bid is acknowledged should use the proxy bidding feature and leave their maximum bid at least 24 hours before the auction closes. Auction Company reserves the right to withdraw or re-catalog items in this auction.

EXPLANATION SOFT CLOSE: if an item receives a bid within the last 5 minutes, then the close time will be extended 5 minutes from the time the bid is placed. The time will continue to be extended for 5 minutes with each newly placed bid and the item will not close until 5 minutes have elapsed with no additional bid activity. This does eliminate "snipers" from our Internet Auctions. Please be assured that we have taken every precaution to set the site up in a transparent manner that allows for the fairest environment for both buyers and sellers.

ONLINE REAL ESTATE AUCTION BIDDING ENDS THURSDAY, OCTOBER 26th AT 2:00pm 500 E. 8th St. Unit 3, Little Rock, AR 72202 OPEN HOUSE: Thursday, October 26th from 11:00am-1:00pm To Settle The Estate Of Kinnard Landon Kohler, Deceased: Circuit Court Of Pulaski County, Probate Division Case No. 60PR-16-1556. Pulaski Co. Parcel ID # 34L0220300300. Consisting Of: a 3-level, 1317+/- SF condo with 2 bedrooms & 2 bathrooms, located in the MacArthur Park Historic District. The property includes a gas fireplace, hardwood floors, and a large master bedroom. The property also features large walk in closets, a bonus room, and laundry room. The condo has lots of windows providing an abundance of natural light throughout the residence. The unit has its own private driveway and a fenced-in back yard. The back yard is beautifully landscaped and includes a large back deck and patio space for entertaining. The condo is unit 3 of a triplex. The building is brick and has a new roof. The condominium property boarders the historic Albert Pike-Fletcher-Terry House and is just a few blocks from many downtown Little Rock attractions.