821 S Broad St

Bounds Auction Company

 

Date(s) 1/6/2019 - 1/16/2019

Bidding is open January 6, 2019 until January 16, 2019 at 7:00 PM EST

Past Auction
Online-Only Auction
Bidding Notice:

Bidding is On-line Only

Auction Notice:

All registrations to bid must be completed by 4:00 PM EST on Wednesday, January 16, 2019.

Auction Information
Name 821 S Broad St
Auctioneer
Type Online-Only Auction
Date(s) 1/6/2019 - 1/16/2019
Auction Date/Time Info
Bidding is open January 6, 2019 until January 16, 2019 at 7:00 PM EST
Preview Date/Time Saturday January 12, 2019 12 Noon until 2:00 PM (weather permitting) Check website for changes
Location
Buyer Premium 10% Buyer's Premium
Description
Real Estate Auction Investment Opportunity 821 S Broad St Upper Gwynedd PA 19446 3 Bedroom, 1 bath Bungalow .58 acre 1 bay attached garage Wood frame, vinyl siding Full basement/attic Gas hot waterpubic water/sewer
Terms & Conditions Wednesday January 16, 2019: 821 S. Broad St., Upper Gwynedd , Montgomery County, Pa 19446 PAR ID 56-00-00811-00-0 This auction is timed, on-line bidding only. Bidding begins no later than January 6, 2019 12 Noon. All property is sold 'AS IS, WHERE IS', and 'ALL SALES ARE FINAL'. Auction and all documentation is in English only; all communication with auction company must be in English. All payments must be US denominated. 1. Registration to Bid: A valid credit card, an active phone number and a valid e-mail address are required to bid. E-mail address is validated by requiring a response to an e-mail sent by the Auction company. A single deposit of $1,000 is required to bid. This deposit extends to the entire auction and to all properties offered if multi parcel. A $1,000 deposit will be processed per every property in which a registrant is the high bidder. By registering to bid, you acknowledge and agree to these terms of sale and attest to the following statement: “I certify that I currently have sufficient funds to meet the “deposit” and/or “further sum” requirements as called for by the agreement of purchase and sale.”. The “Back Up Bidder” ( 2nd highest bidder) will be contacted in event of winning bidder’s default. These terms, property descriptions and the Auction Real Estate Sales Contract are available at the auction company’s website (boundsauctions.com) for download via Abobe PDF. PRE-AUCTION OFFERS WILL BE CONSIDERED; see item 10. A deposit of a full 10 % of the total sales price is required within 48 hours notification of seller's acceptance of the bid. The deposit to bid will be applied to the full deposit. The preferred method for all deposits is electronic transfer to Bounds Auctions Trust account. The auction company will directly contact the winning bidder immediately at the end of the auction with instruction to do so. It is strongly advised that all bidders be available by telephone during and following the auction. 2. Property Inspection: Property will be available for preview on Saturday, January 12, 2019 from 12 Noon until 2:00 PM (weather permitting), or by appointment with the auctioneer. Professional Inspection of structure is available (at bidder’s expense) by request, which must be made a minimum of 10 full days prior to the close of bidding. 3. Buyer’s Premium: A ten percent (10%) buyer’s premium shall be in effect for the auction and is added to the high bid amount to determine the Total Contract Price for the Property. 4. Auction: The property will sell to the highest bid upon seller’s approval. Auctioneer’s discretion includes but is not limited to the auction method, bid-calling, bid increments and determining the buyer. The decision of the auctioneer is final regarding all issues that may arise before, during or after the Auction. Seller shall not bid. Bidders may not retract any bid. The Auction Co reserves the right to preclude any person from bidding if there are any questions as to the person's credentials, fitness to bid, etc. 5. Sales Contract: It is understood that this is a cash sale and not contingent upon any matter, including buyer obtaining financing. Buyer understands that they are responsible for all transfer taxes and closing costs. Buyer will receive sales contract and any related documents presented by the Auctioneer to bind Bidder and Seller to the sale of the property via e-mail and must execute and return by overnight delivery to the Auctioneer. A copy of contract with seller’s signature will be e-mailed to buyer upon execution, and the signed copy will be delivered via USPS or other delivery service. The Terms of Sale are incorporated into the Sales Contract which defines the entire agreement. Buyer shall execute the Sales contract and no addition, deletion, or revision shall be permitted. 6. Winning Bidder's Deposit: At the close of the auction, the successful bidder shall tender their registration deposit and increase their deposit to a full 10% of Total Contract Price within 48 hours (payable to Bounds Auction Company’s escrow). Credit Card may be used at a fee of 3%. This deposit is non –refundable except in the event of the seller failing to provide transferable title. Balance of the final purchase price will be due in full at closing by cash, certified check, mortgage company check or electronic transfer. 7. Closing: Property must close on or before 45 days unless extended by the seller. All prospective bidders should consider engaging counsel of their own choosing to examine the commitment for title insurance and all matters referred to therein as affecting the state of title of the property on which they intend to bid. 8. Buyer's Note: Auctioneer reserves the right to add or delete any property from this auction. Personal on site inspection of each or any property prior to the auction is recommended. Property sells -'AS IS -WHERE IS -"with no warranties expressed or implied. Property will be sold with an insurable title. Property will be conveyed by warranty deed, and the buyer's title policy will be an expense of the buyer. Buyer is responsible for all transfer taxes and/or any fees. The information set forth herein has not been independently verified by the sellers or auctioneer. Its accuracy is not warranted in any way, including but not limited to, information set forth herein concerning utilities, lease information, zoning, projected income and acreage of parcel and square footage of improvements and all photographs. There is no obligation on the part of the seller or auctioneer to update this information. 9. Broker Participation Invited: A maximum two percent (2 %) buyer’s broker commission will be paid to brokers who represent a purchaser under Bounds Auctions’ Buyers Broker Incentive Program. In order to be paid, the buyer’s broker must complete the form available from our office or our website, return it to auctioneer 24 hours prior to the bidder registering for the auction. In addition, they must professionally assist bidder as well as attend closing. Bidder is required to acknowledge buyer broker relationship in advance of contact with the auction company. By bidding, each bidder and buyer’s broker agree to indemnify and hold harmless seller and auctioneer for any and all claims for compensation made by any person or entity in connection with the auction. No commission will be paid to any broker participating in the purchase of the property or representing a family member. 10. Pre- auction offers will be considered. Property may be sold prior to auction. Any pre-auction offer must be irrevocable and on the same terms as the auction terms (i.e. Buyer’s Premium, deposit, closing costs, etc.) and must be tendered in person to the auctioneer. 11. Announcements made prior to the opening of the auction take precedence over all other advertising. 12. Agency Disclosure: Bounds Auction Company, Omar P. Bounds III, and any/all licensees employed or associated with the auctioneer represent the seller and only the seller in the sale of these properties. 13. Disclaimers: A. For compliance with sect 1018 of the residential Lead-Based paint Hazard Reduction Act of 1992, interested purchasers have a ten (10) day inspection prior to auction. b. Buyer acknowledges and agrees that having been given the opportunity to inspect the property, buyer is relying solely on buyer's own investigation of the property and not on any information provided by the seller or auctioneer. Buyer further acknowledges and agrees that any information provided by or on behalf of the seller with respect to the property including and without limitation, all information contained in any property information package previously made available to the buyer was obtained from a variety of sources and that seller and auctioneer have not made any independent investigations or verification of such information and make no representation as to the accuracy or completeness of such information. c. It is expressly understood that Bounds Auction Services, the auctioneer, any of their agents or employees acting as agents will in no case whatsoever be held liable either jointly or severally to either party for the performance of any term or covenant of this agreement or damages for the non-performance there of. d. The property will be sold on an "AS IS, WHERE IS AND WITH ALL FAULTS" basis. Buyer accepts all faults of the property whether known or unknown, presently existing or that may hereafter arise. Buyer acknowledges and agrees that seller and auctioneer have not made, does not make, and specifically and disclaims any representation, warranties, promises. covenants, agreements, or guarantees of any kind or character whatsoever, whether expressed or implied, oral or written, past, present or future, of, as to, concerning or with respect to: (i) the value, nature, quality or condition of the property, including, without limitation, the water, soil, and geology; (ii) the income to be derived from the property, (iii) the suitability of the property for any and all activities and it's uses which the buyer may conduct there from; (iv) the compliance of or by the property or its operation with any laws, rules, ordinances or regulations of any applicable governmental authority or body; (v) the habitability, merchantability, marketability, profitability or fitness for a particular purpose of the property; (vi) the manner or quality of construction materials, if any, incorporated into the property; (vii) the manner, quality state of repair of the property; (viii) the existence of any view from the property or that any existing view will not be obstructed in the future; or (ix) any other matter with respect to the property, and specifically disclaims any representation regarding compliance with the Americans with Disabilities Act or with any environmental protection, molds, radon, pollution of land use laws, rules, regulations, orders or requirements, including solid waste ( as defined by the U.S. Environmental Protection Agency regulations 40 C.F.R., Part 261), or the disposal or existence, in or on the property of any hazardous substance ( as defined by the Comprehensive Environmental Response Compensation and Liability Act of 1980, as amended, and regulations promulgated thereunder).
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 90,000.00 5,000.00 USD
90,000.01 - 120,000.00 2,500.00 USD
120,000.01 - 9,999,999.99 1,000.00 USD
Currency USD
Buyer Premium 10% Buyer's Premium
Payment Terms
Please refer to Terms and Conditions
Notice: Financing terms available may vary depending on applicant and/or guarantor credit profile(s) and additional approval conditions. Assets aged 10-15 years or more may require increased finance charges. Financing approval may require pledge of collateral as security. Applicant credit profile including FICO is used for credit review. Commercial financing provided or arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873. Consumer financing arranged by Express Tech-Financing, LLC pursuant to California Finance Lender License #60DBO54873 and state licenses listed at the this link. Consumer financing not available for consumers residing in Alaska, Louisiana, Nevada, Ohio, Vermont, Hawaii, or Wisconsin. Additional state restrictions may apply. Equal opportunity lender.