THIS AUCTION WILL END AS ORIGINALLY PLANNED
WEDNESDAY, JULY 17TH @ 7 pm (SOFT CLOSE)
Online-only real estate auction
BID YOUR PRICE NOW — selling absolute - no reserve
***NOTE FROM THE AUCTIONEER:
Thank you for your interest in this property. The property is located directly on the Pennsylvania/Maryland line to the best of our knowledge. We would recommend you do your own due diligence on this matter and have a survey completed at some point to determine the exact boundaries.
We unfortunately know nothing about the condition of the water or sewer source. They are not public.
We’ve had interested buyers express an array of ideas. From taking on the project of fixing it up to leveling the property and building something new, as well as making attempts to rezone the property for commercial use. I think it truly depends on the individual buying it and what they feel its best use would be.
It has been empty for approximately 3-5 years.
Remember that there is a 10% or $4,000 whichever is greater buyers premium added to your high bid amount to achieve the total purchase price. Here is an example:
Winning High Bid: $20,000
Buyers Premium (10% or $4,000 whichever is greater added to the high bid amount to achieve the total purchase price): $4,000
TOTAL PURCHASE PRICE: $24,000
Minimum Deposit Due after winning and at the time of signing: $2,000
In that scenario if you were to put $2,000 down you would be required to show up to closing with the remaining balance of $22,000
It is also important to remember that this is a "soft close auction", meaning that if there is bidding activity in the final minutes before the end time, it will extend the bidding by 5 minutes. Allowing everyone a fair opportunity to bid.
It is very important for you to do your own due diligence before bidding. We are guaranteeing a “good title” or the option to negotiate a remedy to any matter that would potentially arise, or your deposit money back. This simply means that the title would be free and clear of liens. This does not cover any other past due balances that may exist because they were not placed as a lien previously. For example a past utility bill such as a water bill, however, of course on this property there are no public utilities. I can not give any guarantee but generally items such as this are found during the closing process if there even are any, and generally they can be negotiated or even eliminated in order for you to place that account into your name. The Seller is not liable for any matter of the kind. It is best to seek legal advise from an attorney on this matter if you have any questions or concerns.
The view at this property is impeccable, it is not hard to see the potential here, what a great buying opportunity you have. Best of luck and happy bidding!
bidding ends WEDNESday, july 17 @ 7:00 PM (soft close)
Notice: Paperwork and deposit handled with winning bidding the following day
Location: 8392 National Pike Addison, PA
To schedule a private showing contact our office by clicking the button below. Or contact your agent today.
Contact: Dynamic Auction Group (814)444-7777
Deposit only required if you are the winning bidder!
Guaranteeing a marketable and insurable title free and clear of liens, or the option for your deposit money back!
Year Built: Circa late 1800’s
Approximate Gross Taxes: $675.47
Number of Bedrooms: 3
Number of Bathrooms: 1
Parking: Off Street
Municipality: Addison Township
County: Somerset County
School District: Turkey Foot Valley
Acres: 2 +/-
Sewer Type: NOT PUBLIC / UNKNOWN
Water Sources: NOT PUBLIC / UNKNOWN
Property offered "AS-IS" with no contingencies, other than the guarantee of a marketable and insurable title at the time of settlement.
Cash to Seller - (Traditional Financing Accepted as a form of payment at settlement, however there is no mortgage contingency)
Buyers Premium (BP) Applies: 10% of the high bid amount or $4,000 — whichever is greater — 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)
Only $2,000 Minimum Non-refundable deposit due at signing: The remainder is due at the time of (traditional) closing. 45-60 days to close.
The winning online buyer must arrange with their banks an immediate electronic wire transfer for the deposit amount if they become the successful buyer. Must be scheduled no later than NOON the following banking day after the auctions end date.
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 contingencies 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.
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