Name 1161 Morgantown Rd, Shillington, PA 19607
Auctioneer H.K. Keller
Type Live Webcast Auction
Date(s) 4/14/2021 - 5/18/2021
The real estate auction will be held on Tuesday, May 18th, 2021 at 6pm. Onsite bidding is available as well as online bidding. Online bidding is available now until the property is sold.
Preview Date/Time Preview is by appointment only. Please call our office at 717-879-0110 to schedule an appointment.
Checkout Date/Time Settlement will take place on or before July 5th, 2021.
Location 1161 Morgantown Rd
Shillington, PA 19607
Buyer Premium This auction has a 10% buyer's premium.
Description
Zoned General Industrial, this property is ready for your renovations or construction. The property sits on 1.97 acres of wooded land, has a 3 bedroom 2 bath home and large garage. Located in Shillington, PA just minutes outside of Reading, this property is ready for you to customize for your business and endeavors. The property is being sold at auction on May 18th at 6:00 p.m. Live-Onsite as well as online bidding is available. Contact us at 717-879-0110 for more info.
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 Tuesday, May 18th, 2021 at 6pm. Onsite bidding is available as well as online bidding. Online bidding is available now until the property is sold. 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 $10,000 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 July 5th, 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 $10,000 is due at the conclusion of the auction. The remaining balance is due at settlement. Settlement will take place on or before July 5th, 2021.
Settlement will take place on or before July 5th, 2021.