Traiman Real Estate Auction Company
America's Foremost Real Estate Auctioneer | Founded 1924 Philadelphia, PA
Traiman Real Estate Auction Company
America's Foremost Real Estate Auctioneer | Founded 1924 Philadelphia, PA
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Weather Conditions
Auction held rain or shine. If the Auction is cancelled due to very severe weather conditions, the Auction will be rescheduled. The cancellation notice will be posted on our website the morning of the Auction. A new Auction date will be posted on our website, and an email notice will be sent out to those who have registered on our website. You may also call 215-799-0655.
Zoning
B-1 General Business
Tax Parcel
GPN 7887-342318
GPN 7887-34-3334
Taxes
$15,311.62
Guaranteed Deposit
A good faith registration deposit in the amount of $20,000 in the form of bank cashiers check or certified check (made payable to Land Services USA, Inc. or yourself) or cash is required to register to bid at the time of the Auction and will be credited towards the total 15% deposit. The remainder of the 15% deposit may be paid by personal check. Seller reserves the right to accept other forms of payment. The amount of the guaranteed deposit is not based on the value of the property.
On-Site Bidder Registration
Begins one half-hour prior to the Auction.
Buyer's Premium
There is a Buyer's Premium of 10% of the high bid amount.
Settlement
On or before 45 days.
Minimum Opening Bid
There is no minimum opening bid. The auctioneer will request the public to make the opening bid.
Property
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Real Estate Brokers & Agents Co-op Commission
In light of the fact that the bidding procedure for this property will differ from the procedure to be used for fee owned properties, a flat commission of $20,000.00 will be paid by Wawa to the broker who represents the party who enters into a fully executed sublease agreement on or before January 29, 2010 for the property. Register your buyer no later than 48 hours prior to the Auction by Traiman’s form including your client’s signature. Agents buying for themselves or family members are not eligible to collect a commission.
Buyer/Broker Registration Form
Download registration form and guidelines
(2 page PDF).
First time Auction attendees
The open public Auction method is where the parties who are interested in bidding on the property gather as an audience and bid in an open public forum. You will be asked to register at the time of the Auction. Before the bidding begins the Auctioneer will review the terms of the Auction and explain how the bidding will occur. Most people bid by raising their hand. The Auctioneer calls out the numbers in a clear, understandable cadence. Our intention is to make you feel comfortable with the process before you enter the bidding. You need not be represented by a Real Estate Broker to bid and buy at Auctions.
We suggest that you contact a mortgage company or bank prior to coming to the Auction for the purpose of determining how much of a mortgage you will qualify for. If you are the winning bidder and cannot obtain a mortgage, or for some other reason are unable to complete settlement the total amount that you deposit will be forfeited.
The property is being sold subject to good and marketable title and free and clear of all liens and encumbrances in accordance with the Agreement of Sale. Please review the Clear of Liens and Encumbrances Clause of the Agreement of Sale.
Notice
The information used for the advertising of this property may not be accurate. Measurements, figures, and drawings are approximate. Interested parties must do their own research and are not to rely on any information provided by the seller, the Auction Company, or their representatives. The Agreement of Sale takes precedence over any advertising or oral or written announcements. Auctioneer represents the Seller, not the Buyer. Auctioneer reserves the right to reject bids that the Auctioneer deems inadequate. If you have a question during the Auction, please notify an Auction staff member for a private conversation. Seller and the Auction Company reserve the right to have parties escorted from the premises for soliciting other bidders or for other reasons deemed inappropriate. Information contained herein is subject to change.
Questions regarding this Auction
If you have questions, email them to info@traiman.com or call 215-799-0653. Reading the Agreement of Sale, which will be posted on this site, may also answer your questions.
Property information may change daily and this is your notice that it may contain certain mistakes. Neither Traiman nor seller will be held liable for errors or omissions. If you see an error, please notify us immediately.
Good Luck!