1. To bid on our property, you must be of legal age to enter into contract to purchase real estate (18 in most states, 21 in others). If you're in doubt about the legal age to enter into contract in your state, please consult with competent legal counsel before bidding.
2. While auction is "active", all bids MUST be placed online.  Written offers will not be accepted.
3. Winning bid is subject to seller approval.
4. Buyers Agent commission of 2.5% is being offered.
5. All bids are placed in US Dollars.
6. If you are outbid by another bidder, you will receive an email notice so you can return and increase your bid if you so desire.
7. The bidding will be open and everyone will have access to the bid history during the auction.
8. As the auction nears the ending time it will auto-extend until bidding is silent for 2 minutes.
9. If there is more than one high bid at the same level (a tying bid), the bid first submitted will be honored.
10. The high bidder will be notified via email after the auction ends.
11. Seller reserves the right to postpone or cancel this auction at any time for any reason.
12. Sale is “as-is”, "where-is". Seller will not fix anything.
13. Within 1 day of auction close, winning bidder will be asked to obtain loan pre-approval or show proof of funds and sign a sales contract at the winning bid amount and based on the terms described here.
14. Closing will take place at seller's and winning bidder's agreed upon title company within 30 days of signing the contract.
15. Winning bidder agrees to sign a standard agreement of sale (contract). When contract is signed, winning bidder will pay fifty thousand dollars, ($50,000.00) earnest money deposit to be held at title company handling the closing.
16. Winning bidder may at their option and expense order a title examination and property insurance.
17. Seller will include the following personal property in the sale: All appliances as shown are included in "As Is" Condition.
18. Seller will exclude the following real property from the sale: Not applicable.
19. The auctioned property is three units combined into one as follows Unit P2101, Unit P2104, and Unit P2105 but remain titled separately (There are three separate.).
20. The initial ten-year (10) real estate tax abatement is due to expire in October 2016. After which time the three combined units will be paying the total real estate taxes as set forth by the City of Philadelphia. (The estimated taxes due for the three combined units will be approximately twelve thousand dollars ($12,000.00) annually.
21. George J. Cahill, Licensed Auctioneer, is also a Licensed Real Estate Broker for Luxury Condo Realty Services licensed in the state of Pennsylvania.
22. Announcements made the day of the action will take precedence over advertised material prior to auction.
23. This is not a short sale or foreclosure.
24. The current total condo fees for the three combined units is one thousand nine hundred thirty-nine ($1,939.00) per month. This rate is not guaranteed and is subject to increases.
25. Sale is subject to the Condominium Act for the State of Pennsylvania.
26. ​Open House will be held on Saturday, June 18th, 2016 from 10:00am- 12:00pm EST. Auction ends on Sunday, June 19th, 2016.
27. All of the aforementioned information is deemed reliable but not guaranteed.

 PA Auctioneer License Number Au003173L