REAL ESTATE AUCTION
144 Garvin Blvd, Sharon Hill PA

Thursday, August 20 2020

2PM

Inspection: OPEN HOUSES: Masks and Social Distancing Required. Limited occupancy. There may be a line. Only 2 families in the house at a time.
Open House 1: SUNDAY August 2, 2-4PM
Open House 2: WEDNESDAY August 12, 6-8PM
Open House 3: SUNDAY August 16, 2-4PM

144 Garvin Blvd Sharon Hill PA BidderPacket -CLICK HERE

Opening bid $45,000.

About the home: Raised screened in porch leads to a large formal Living room with brick fireplace. Continue through a large entryway into a formal dining room. A sun parlor with windows all around, overlooks a quaint suburban yard. Large kitchen rounds out the first floor. Oak stairs lead to the second floor including exposed hardwood floors. 3 bedrooms and one bath. Walk up third floor to spacious unfinished attic with potential for finishing. Full height unfinished basement.
Estate property sold with free and clear title to the highest bidder subject to executor’s approval.
Terms: 10% buyer’s premium. Property sold “as is” with no contingencies. Settlement on or before October 1. Cash sale only.

OPEN HOUSES: Masks and Social Distancing Required. Limited occupancy. There may be a line. Only 2 families in the house at a time.
Open House 1: SUNDAY August 2, 2-4PM
Open House 2: WEDNESDAY August 12, 6-8PM
Open House 3: SUNDAY August 16, 2-4PM

Live in person auction occurring at the property.

$5,000 certified funds in hand to bid.

Sold FREE and CLEAR title.

AS IS condition. No further inspections between auction and settlement.

No contingencies. Buyer pays all transfer taxes.

Live in person auction occurring at the property. Approved phone bidding available

$5,000 certified funds in hand to bid.

Sold FREE and CLEAR title.

AS IS condition. Settlement in 45 days or less (October 1)

No contingencies. Buyer pays all transfer taxes.

Broker Participation 5% with represented registered bidder 24 hours prior to the auction. There are no showings of this property outside of the scheduled open house inspection times.

How it works:At Uniques & Antiques we have sold many estate properties using the auction method.
The executors for the Estate have decided to use to use the auction method to market
and negotiate the sale of this property.Before the Auction:
Each potential bidder views the property during the open house inspection periods.
Desired inspections including all home inspections conducted by bidder or their
contractor. This is the only opportunity to do inspections. All inspections happen before auction day.
Zoning or subdivision research is completed.
Bidder decides what their maximum bid will be.Auction day:
We allow for a one hour inspection the day of the auction.
Any interested buyer has already completed their inspections on the property and
decided on how they will pay for the property. Buyers arrive at the auction with a
$5,000 Certified check made out to their own name in order to register for a bidding
paddle. Only registered bidders will be able to bid.
The auctioneer auctions the property accepting bids from present registered bidders and approved telephone bidders. Once the bidding stops and there is a high bidder, the auctioneer takes a quick consultation with the seller to confirm the price. Once the price is confirmed, we may offer one last chance for further
bids.
Buyer and seller immediately enter a written agreement of sale for the hammer price
plus the 10% buyer’s premium with a set settlement date. Buyer’s certified $5,000
deposit is endorsed over to the transaction and held in an escrow account with the
auctioneer. This deposit will be applied to the transaction at settlement. If buyer defaults and does not follow through to settlement, the deposit is forfeited to the seller.There are no contingencies on this agreement of sale other than Free and Clear title.
If a bidder was unsuccessful, they redeposit their $5,000 check back into their own account.After the auction:
Successful Buyer orders a title report from their choice of title insurance companies. (Auctioneer can assist in choosing a title co.) Title is researched and all leins are paid by the seller before or at settlement.Settlement:
Buyer and seller attend settlement with the balance of the amount needed to complete settlement including all real estate tax escrows, transfer taxes and settlement charges. (Title insurance company can provide a settlement cost estimate)Buyer receives keys and the transfer of the property free and clear. Buyer must apply for a certificate of occupancy and do any required renovations by local municipality before occupying the residence.

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