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.
Previews
Monday, May 10, 2010 — 1:00 PM to 4:00 PM or by appointment. Call 215-799-0655.
Zoning
CC — Commercial use
Tax Parcel
27-010-027
2009 Taxes
$7,292.00
Buyer's Premium
There is no Buyer’s Premium for this Property. Please refer to the Agreement of Sale.
Guaranteed Deposit
A good faith registration deposit in the amount of $25,000 in the form of bank cashiers check or certified check (made payable to yourself) or cash is required to register to bid at the time of the Auction and will be credited towards the total 10% deposit. The remainder of the 10% 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 1/2 hour prior to the Auction.
Settlement
On or before 45 days.
Absentee Bidding by Telephone
Arrangements by signed agreement of sale and guaranteed deposit must be made with the Traiman office no later than one week prior to Auction.
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 Invited
Earn a commission. You must be the one who introduced this property to your buyer client. 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.
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. Property is subject to possibly being sold prior to auction.
Questions regarding this Auction
A Traiman representative will be at the preview to answer questions. You may also email your questions to info@traiman.com. Or call 215-799-0655. Reading the Agreement of Sale when it is posted may 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!