Name 2 Unit Home in Reading, PA
Auctioneer H.K. Keller
Type Live Webcast Auction
Date(s) 2/16/2021 - 3/1/2021
The real estate auction will be held on Monday, March 1st, 2021 at 6pm. This auction is called a Simulcast Auction. Pre-bidding online is available now until 6pm when the auction will be livestreamed. There will not be anyone at the property at the time of the auction. All bidding is online
Preview Date/Time To schedule private showing, please call your agent or Justina Ott from Pagota Realty and Property Management.
Checkout Date/Time Settlement will take place on or before April 14th, 2021.
Location 848 Weiser St
Reading, PA 19601
Buyer Premium This auction has a 10% buyer's premium.
Description
This property is ready for you as a rental or to move into or both? The first unit is on the first floor and has 1 bedroom and 1 bathroom. The second unit has 2 bedrooms and 1 bathroom on the second floor and 1 bedroom and 1 bathroom on the third floor. There is also space for a second kitchen on the 3rd floor. Pre-bidding for this property is available now until 6pm. The auctioneer will begin streaming live at 6pm to sell the property online. The auctioneer will not be on location for this auction. Bidding is available online or through phone bidding. Contact us or your agent for a private showing. The auction will be held at 6pm on March 1st, 2021.
Auction Terms & Conditions By registering as a buyer and/or bidder on the property, you agree to these Terms and Conditions. The real estate auction will be held on Monday, March 1st, 2021 at 6pm. This auction is called a Simulcast Auction. Pre-bidding online is available now until 6pm when the auction will be livestreamed. This property is being offered free and clear of any liens and encumbrances with no warranties or guarantees in “As-Is” condition with all faults and defects. The sale is not subject to any contingency, including mortgage or inspection contingencies. Purchaser understands that any and all required or needed repairs, inspections, surveys, or permits are strictly and solely Purchaser’s expense and obligation. There is a 10% buyer's premium paid by the buyer on the winning bid. The winning bid plus the 10% buyer's premium will comprise the total purchase price. The real estate transfer taxes will be calculated on the total purchase price. The buyer pays both transfer taxes. Any personal property remaining on the property at settlement transfers with the real property. The property is being offered with a reserve and will be sold subject to seller’s confirmation. The winning bidder will pay a $5,000 down payment and sign the Purchase Agreement and Seller’s Property Disclosure Statement at the conclusion of the auction. The remaining balance will be paid at settlement Settlement will take place on or before April 14th, 2021. If the purchaser fails to comply with the terms and conditions of this auction or the purchase agreement, the seller may retain the deposit as liquidated damages, and may proceed to make a resale of the property, either at public or private sale. H.K. Keller has the right to reject any bids placed using the online bidding platform. Only the registered bidder may bid using the registered account, unless arrangements with H.K. Keller have been made. If you are an online bidder and your bid wins the property, you will be emailed payment information, a Purchase Agreement and Seller’s Property Disclosure Statement to sign electronically or to print, sign, scan and return via email. These documents should be completed and returned within two hours. Online bidders will have 24 hours from the conclusion of the auction to pay the down payment via wire transfer or cashier’s check unless prior arrangements have been made with the H.K.Keller. H.K. Keller will pay a 3% commission to a real estate brokerage securing the winning bidder. The 3% commission at auction is calculated on the purchase price. The signed Bidder Registration Form must be submitted to H.K. Keller prior to the live auction in order for the broker/agent to be compensated. --------------------------------------------- ------------------------------------------ Terms Of Use

Seller User Terms

Bidder User Terms
Your bid must adhere to the bid increment schedule.
Bid Amount Bid Increment
0.00 - 49,999.00 500.00 USD
49,999.01 - 99,999.00 1,000.00 USD
99,999.01 - 199,999.00 2,500.00 USD
199,999.01 - 499,999.00 5,000.00 USD
499,999.01 - 999,999.00 10,000.00 USD
999,999.01 - 9,999,999.99 25,000.00 USD
Currency USD
Buyer Premium This auction has a 10% buyer's premium.
Payment Terms
If you are the winning bidder, your non-refundable down payment of $5,000 is due at the conclusion of the auction. The remaining balance is due at settlement. Settlement will take place on or before April 14th, 2021.
Settlement will take place on or before April 14th, 2021.