Multi-Unit Johnstown, PA
311-313 7th Avenue Johnstown, PA 15906
Property offered AS-IS
Guarantee of a marketable and insurable title at the time of settlement free and clear of liens.
Selling regardless of price over $5,000 + Buyer’s Premium!
WORKING IN COOPERATION WITH THE BOB COLVIN REMAX TEAM 8142627653
FOR SALE AT ONLINE AUCTION
Bid now through Thursday, May 16 @ 7:00 PM
Notice: Sales agreement and escrow deposit must be completed no later than 2PM the following day after the auction
Location: 311-313 7th Avenue Johnstown, PA 15501
Open House: By appointment only
SCHEDULE A PRIVATE SHOWING: To schedule a private showing, reach out to Robert (Bobby) Colvin Jr. at 814.262.7653!
With questions about the auction process, give us a call at 814.444.777 or email info@biddynamic.com
Contact: Dynamic Auction + Realty (814)444-7777 or TEXT (814)691-1601
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!
MORE DETAILS AND TERMS - KEEP SCROLLING
Property Information:
Municipality: City of Johnstown-16th Ward-86
School District: Greater Johnstown Area
Area/County: Cambria County
Approx. Gross Tax: $1,308.00
Contingency: NONE
Total Acreage : 0.06 +/-
Construction: Frame
Roof Type: Shingle
Split utilities
Sewer: Public - Buyer, at Buyer’s expense, is responsible for municipal sewer compliance
Water: Public
Heating: Hot Water
Fuel Type: Gas
Lot Description: Rectangle
Road Type: Paved, Public Street
This frame multi-unit provides endless possibilities to rehab this property! Conveniently located to all amenities including all of Cambria City’s historic landmarks, transportation, shopping, restaurants, hospitals/medical facilities, and entertainment/recreational venues.
FOR THE BUYER’S AGENT
Brokers/Agents welcome. 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 fixed amount or percentage of the total winning high bid amount or earned commission/buyer’s premium, paid to any agent who's buyer successfully closes on the property in accordance with Dynamic Auction Groups terms and conditions. Click the button below for details on broker participation terms or to show the property.
*** IF YOU ARE WORKNG WITH A BUYERS AGENT. YOU MUST HAVE YOUR AGENT FILL OUT THE BROKER PARTICIPATION FORM AND THEY MUST MAKE THE FIRST FORM OF CONTACT WITH US AND MUST ACCOMPANY YOU THROUGHOUT ANY SHOWINGS AND THE ENTIRE BIDDING PROCESS AND CLOSING IN ORDER FOR THEM TO QUALIFY TO GET PAID THE BROKER PARTICIPATION COMMISSION. SEE AGENT REGISTRATION BELOW. IF BUYER AND AGENT ACTS IN A WAY THAT IS NOT IN ACCORDANCE WITH THESE TERMS, AGENT RISKS NOT EARNING A COMMISSION OR EARNING A REDUCED COMMISSION.
AUCTION GENERAL TERMS:
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 - (Obtaining financing for payment is an option to the buyer, however it is not contingent upon securing financing. There is NO mortgage/financing 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.
Examples: (high bid amount, amount due at closing) $20,000+ $4,000 (buyers premium) = $24,000 (total purchase price). Or (high bid amount, amount due at closing) $50,000+ $5,000 (buyers premium) = $55,000 (total purchase price)
Deposit: The Buyers Premium amount is due as the deposit at the time of signing - 10% of the high bid amount OR $4,000 – whichever is greater IRREVOCABLE DEPOSIT due at signing: The total remaining balance (including the full bid amount) is due at the time of settlement/closing.
ALL BIDS ARE FINAL: By registering for the auction, submitting bid/s and/or ultimately the final winning bid you are entering into a legal and binding contract. If your bid is the final winning bid at the “fall of the hammer” and/or timed close of the online bidding it is considered a legal and binding contract in accordance with Pennsylvania State Auction Law. The winning bidder is subject to all terms and conditions of the auction. Furthermore the buyer is required as clearly stated to deliver the non-refundable deposit money to Dynamic Auction Group. If the buyer fails to abide by the terms and conditions they agreed to, deliver the deposit, and sign the real estate sales agreement, the buyer risks being prosecuted to the fullest extent of the law and furthermore all monies owed by the buyer to Dynamic Auction Group/Realty, LLC and/or the Seller are subject to collections.
30-45 days to close.
The successful/winning online buyer must arrange with their financial institution an immediate electronic wire transfer for the full deposit amount if they become the successful buyer. This payment must be scheduled no later than 2PM the following banking day after the auctions end date. Or other payment arrangements must’ve been mutually agreed upon between the buyer and auctioneer prior to buyer bidding in the auction.
Real Estate Auction Sales Agreement: Upon becoming the successful/winning bidder, buyer must be available immediately following the completion of the auction or seller’s acceptance of the bid to complete and execute the no contingencies "PA - Real Estate Auction Sales Agreement", as agreed to by the buyer's registration and acceptance of the terms and conditions of this auction. This is the same agreement of sale that is attached to and part of the terms and conditions of this auction that the buyer was required to review and agree to prior to placing a bid. Please ask, and we will send a copy to you for your review. We are not responsible for your failure to review the agreement prior to making a bid. The agreement of sale may be executed either in written form or electronically through a third party electronic signature service provider. This must be executed no later than 12 PM, Noon, the immediate following day after the auction date end time or seller’s acceptance of the bid. Failure to comply with these requirements and the execution of the agreement of sale does not relieve the buyer of its liability to pay in full the deposit amount as agreed to above and in the terms and conditions of this auction, buyer will be held accountable for all its actions, direct or indirect.
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.
Independent Legal Advice: Bidder/Buyer hereby acknowledges that it has been afforded the opportunity to obtain independent legal advice and confirms by the execution of submitting a bid that they have done so or waived their right to do so in connection with entering into this auction, and its bidding process, and its terms and conditions.
****DUE DILIGENCE: If you are a buyer that will be seeking financing or will need inspections and/or appraisals in order to purchase, please start that process as soon as possible in order to be prepared for the auction. As mentioned, there are no contingencies, including but not limited to: No financing contingency, No inspection contingency, No appraisal contingency. However, financing, inspections, and appraisals are permitted, the agreement is NOT contingent upon those items. Do your due diligence, ask questions, and be prepared to bid and buy in confidence.
*Fail to comply with the terms and conditions set forth for this auction and risk being prosecuted to the fullest extent of the law.*
