After spending the entire afternoon at the house and making numerous large purchases, the house was put up for auction
My spouse and I attended an auction last week. It was an old farmhouse, and everything, including the house, had to be removed. They required prospective homebuyers to bring documentation from the bank indicating the amount of the preapproval loan for the purchase of the home. The owners wanted to ensure that prospective buyers could afford to purchase the home. My husband and I walked through the house, and it was indeed lovely. I did not understand why one family member did not want the house. The only item listed on the sales sheet was the absence of a heating and cooling system. Evidently, the elderly couple had only used the fireplace for heating, and there was no air conditioning. It was a farmhouse, and they had no plans to modernize it. They were not at home long enough to appreciate the air conditioning. My amiable friend and I were seriously considering buying the house, but it all depended on how much it was going to cost. My friend and I knew how much it would cost to install ductless Heating and A/C, but neither of us wished to install conventional Heating and A/C. For us, the price of an HVAC duct would be prohibitive. After spending the entire afternoon at the house and making numerous large purchases, the house was put up for auction. Accompanied by ten acres of land, my amiable friend and I acquired the residence for less than $50,000. The owners left the remainder of the property to their family with the stipulation that it not be sold or improved. Only single-family homes and farms were allowed.