(Continued from Page 72) client “shook hands five times and said Tm a man of my word,’’’ and then backed out of the deal. “When somebody lies to me, that’s the most neg ative part of it,” he said. Another headache is when a seller tries to hide a flaw in their property, such an inadequate or nonex istent septic system. Those kind of “surprises” can be bad news for a realtor, Oberholtzer said. In some cases where the seller fails to disclose negative aspects of the property, the question “How much should the realtor know?” can be tricky, he said. Selling or buying a property through a realtor versus an auction has advantages and disadvan tages depending on the situation, according to Ob erholtzer. A transaction though a realtor “is a far better en vironment when it comes to contingencies,” such as a buyer needing to sell another property before set tling on a new one, he said. One the other hand, a buyer who is able to meet the terms, has no contingencies to worry about, and is able to handle the stress of a fast decision on sale day could do all right at an auction. Tax-deferred exchanges designed to eliminate jjt Integrity, Honesty & ' Friendship Distinguish iTMBBSIF 6 BBCHTOLD AUCTIONEERS Licensed & bonded PA Auction License #AU2I76L PA Real Estate License #R5141425A Member of PA & National Auctioneers Association Graduate of Certified Auctioneers Institute 1990 21 years in Auction & Real Estate Business Conducts Auctions for Banks, Attorneys, Businesses & Individuals Complete Professional Auction Service Specializing in Real Estate & Personal Property of all kinds Call for free consultation Phone 717-397-9240 (Bccfttofd Fax 717-396-8911 E-mail: AU-2176L cfbauct@hotmail.com 717-397-9240 Oberholtzer U (lII)SHR'. Recalls capital-gains tax for the seller are also difficult to set up in an auction, Oberholtzer noted. The auction does offer a quick settlement as long as the buyer meets all the terms of the sale. And in some circumstances, Oberholtzer has even recom mended an auction sale over using a realtor. “There certainly are properties that I would, and have, recommend going to auction,” he said. These include potential “adversarial situations” on a highly competitive property. Oberholtzer began selling real estate in 1977, after a number of years working as a construction equipment salesman. The real estate field has seen a lot of changes since then, not only in the computer technology that allows rapid information transfer, but also in the sheer amount of paperwork involved. “We used to have a one-page sales agreement,” Oberholtzer said. “Now we’ve got 18 pages plus four pages of disclosure statements, a business rela tionship agreement, and a consumer notice. “There are a lot less realtors around than there used to be because of the complexity of the require ments.” Griest Auction & Flea Market We have been a family owned business for 20 yrs. 3618 Limestone Rd. Parkesburg, PA We are open Mon-Fri 9am-spm and we have Auction every Tuesday night starting at 4 pm with no buyers premium as of this time. We have specialty sales which include guns, coins, and sports cards. Our Flea Market is opened every Sunday from 12 pm - 6 pm and it is also opened Tuesday nights during the Auction from 1 pm - 10 pm. • Real Estate • Antiques • Farm Equipment • Machinery Call to Consign (610) 857-2149 (Turn to Page 74)
Significant historical Pennsylvania newspapers