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Terms and Conditions for the Real Estate Auction

By registering to bid and/or submitting a bid in this auction, you agree to be bound by these terms and conditions. As a registered bidder, you agree to abide by the following terms. You also agree to pay, and authorize the payment of, any applicable fees incurred due to negligence or default.

Minimum Opening Bid

  • The property has modest undisclosed reserve price, which is set below fair market value and comparable sales.

  • This property is priced to sell

  • The auction will become absolute once the reserve price is met.

Registration Requirements

  • To participate in the auction, you must complete the Stenella Auction Real Estate registration form prior to placing a bid or offer.

  • By registering, you authorize Stenella Auctions to place an authorization hold of $5,000 on the credit card you have on file. This is a hold only, not a deposit or charge, and will not be applied to the invoice total. Ensure your credit card information is current and that the address on your bidder profile matches the address on your credit card statement.

  • If you are working with a Buyer's Agent, include your agent's name, phone number, and email on the Stenella Antiques Real Estate registration form.

Buyer's Premium, Payment and Settlement

  • A Buyer's Premium of 10% will be added to the winning bid to determine the final purchase price ("Final Purchase Price"). For example, a winning bid of $200,000 will have a $20,000 Buyer's Premium added, resulting in a final purchase price of $220,000.

  • Bids over $500,000 will be accepted starting November 1st and up to the time of the sale. At the time of live auction, the highest bid will become the opening bid. Once the reserve has been met, whether through rebidding or live bidding, the auction will become absolute. Any subsequent bidding will determine the final selling price.

  • Settlement must occur within 30-45 days after the auction closes.

  • The property will be conveyed with good and marketable title, free and clear of all liens, but subject to any existing deed restrictions, historic preservation restrictions, building restrictions, ordinances, easements, and rights of public service companies.

  • The property is being sold without any contingencies.

  • The Buyer's Agent commission is 2.5%

  • The winning bidder is entering into a binding agreement to purchase the property for the Final Purchase Price, as calculated above.

  • The winning bidder must submit a non-refundable deposit of $25,000 on the day of the sale. A deposit of 10% of the Final Purchase Price is due within 48 hours of the sale, along with a completed agreement of sale using the Pennsylvania Association of Realtors' Standard Agreement for the Sale of Real Estate, prepared by the seller's agent.

Real Estate Offered

  • The property is being sold AS-IS, WHERE-IS, with all faults, in its present condition. Stenella Auctions makes no representations or warranties regarding its condition.

  • The property is being sold in partnership with Kevin Steiger of Kurfiss Sotheby's International Realty.

  • Information on the Stenella Auctions website or any other published information is based on the best information available at the time of preparation and is for marketing purposes only. You are required to conduct your own independent investigation.

  • Each potential buyer is responsible for conducting their own independent inspections, investigations, and inquiries concerning the property before submitting a bid.

  • Stenella Auctions and the Seller assume no liability for the accuracy, errors, or omissions of any information regarding the property.

Release and Waiver of Liability

  • By registering to bid, you acknowledge and agree that the auction will take place online only.

  • You understand that Stenella Auctions is not responsible for any technological disruptions, errors, or failures (including difficulties in bidding or the inability to execute, recognize, or record online bids). These disruptions may result from various factors such as loss of connectivity, breakdowns, disruptions, or failures of any online auction platform, your internet connection, computer, or system, or other unforeseen circumstances. While Stenella Auctions may choose to continue, suspend, delay, extend, reschedule, or close the auction due to such disruptions, it is not obligated to do so.

For More Information

Jim Stenella

215-453-8490

info@stenellaauctions.com

Kevin Steiger

215-519-1746

steiger@kurfiss.com

The auction will feature LIVE bidding on November 11th, 2024 at 6:00PM at:

711 Washington Lane

Rydal, Pennsylvania 19046

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