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PUBLIC online ONLY REAL ESTATE auction

BRING ALL BIDS!

PROPERTY SOLD "AS-IS" 

THE STRUCTURE IS CONSIDERED TO BE IN DISREPAIR

BID NOW THROUGH TueSDAY, AUGUST 14 @ 6 PM

Location: 571 E Main Street Somerset, PA 15501

Open House: By appointment only 

To schedule a private showing contact Nolan or your agent today, click the button below.

Contact: Nolan Bell (814)691-1601 or nolan@biddynamic.com 

Guaranteeing a marketable and insurable title free and clear of liens, or the option for your deposit money back!

Property Information: More details are on their way, for now feel free to give a call or setup a private showing.

Property Information:

  • Stories: 1 story office/commercial 
  • Parking: Large paved parking lot (front and rear of building)
  • Municipality: Somerset Boro
  • County: Somerset County
  • School District: Somerset Area School District
  • Acres: 2.07 +/- 
  • Approx Gross Yearly Taxes: $3,015.69 +/-
  • Sewer Type: Public/City
  • Water Sources: Public/City
  • Heating Fuel Type: Public Gas
  • Roof Type: Shingle 
  • Construction: Block 

Property offered "AS-IS" with no contingencies, other than the guarantee of a marketable and insurable title at the time of settlement. 

The Buyer hereby certify that they understand that they are purchasing the real estate in an “AS IS” condition and will accept the property in spite of any defects or conditions, known or unknown, visible or not visible, and therefore the Buyers do hereby release and forever discharge the Sellers and Auctioneers, their respective heirs, licensees, agents, employees, successors and assigns from any and all claims liabilities, losses, damages, costs, and expenses resulting therefrom. Neither the Sellers, Auctioneers, licensees, agents, nor employees shall be liable for any cost including damages, recession, reformation, allowance or adjustments, based on the failure of any component, property or aspect of the real estate, to conform to any specific standard and/or expectation of the Buyers.

Cash to Seller at Settlement 

Buyers Premium (BP) Applies: 10% of the high bid amount or $4,000 whichever is higher will be added to the high bid amount to achieve the total purchase price. This is how the final purchase price is calculated. 

Example: (high bid amount, amount due at closing) 100,000 + 10,000 (buyers premium) = 110,000 (total purchase price)

$4,000 Minimum Non-refundable deposit due at signing: The remainder is due at the time of (traditional) closing. 45-60 days to close. 

Brokers/Agents welcome. Offering 3.5% of the high bid amount! Buyer Broker commission is offered to licensed real estate agents, subject to Dynamic Auction Groups broker participation terms and conditions. Buyer broker commission is a percentage of the winning high bid amount paid to any agent who's buyer successfully closes on the property in accordance with Dynamic Auction Groups terms and conditions. Click the button above for details on broker participation terms or to show the property. 

Real Estate Auction Sales Agreement: High bidder must be available immediately following the auction to complete and execute a no contingincies PA - Real Estate Auction Sales Agreement

Notice: All online bidders must be available to communicate via telephone within the 30 minutes leading up to the auction's end time. Failure to communicate with the auctioneers at their request could result in the decline of your registration and bids. Online buyers must also be prepared to take immediate action on conducting an electronic transfer of funds for the deposit that is due immediately following the auction. More payment options may be available to local online bidders.


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