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 Thursday, May 2, 2024 at 2pm. Online bidding is available now through the live auction happening at 2pm on Thursday, May 2. The auctioneer will stream live from HERE. to sell the property.
The properties are 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.
The property taxes for 222 N. Pottstown Pike are estimated to be $35,125 for the current tax year.
The property taxes for 925 Old Valley Road are estimated to be $1,297 for the current tax year.
Any personal property owned by West Whiteland Township remains West Whiteland Township's property.
The properties are being offered with a reserve and will be sold subject to seller’s confirmation.
The winning bidder will pay a $100,000 down payment for 222 N Pottstown Pike or a $30,000 down payment for 925 Old Valley Road and sign the Purchase Agreement at the conclusion of the auction.
Balance due at settlement. Settle on or before Monday, July 15, 2024. West Whiteland Township will occupy the property through December 31, 2024. Purchaser will take possession of property on January 1, 2025.
During the interim period between settlement and possession transfer on January 1, 2025, West Whiteland Township will not be responsible for paying any rent to the purchaser.
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.
The seller and/or H.K. Keller has the right to reject any bids.
Only the registered bidder, POA or contracted agent 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, we will give you call regarding collecting the down payment as well as email a Purchase Agreement 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 by 8am on Auction Day, Thursday, May 2, for a brokerage to be compensated. If bidding online, please email completed form to info@hkkeller.com.
Technical Issues: Neither the company providing the software nor the auction company shall be held responsible for a missed bid or the failure of the software to function properly for any reason. In the unfortunate event of a DDOS attack or server attack/shut down, the auction company reserves the right, but is not required, to extend bidding time. To minimize the chance of being affected by internet or software issues, please use the “Max Bid” feature. Please contact Mike Keller at 717-725-2487 if you need assistance with the online bidding platform or need to bid over the phone.
