AMERICANS looking for a new home at an affordable price have been urged to move fast and make an offer on a three-bedroom property.
With a starting bidding price of only a single dollar, the space will likely be sold quickly.
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Interested homebuyers in Alabama near Oneonta, about 38 miles northeast of Birmingham, should look into 171 Old Mill Road if they want to take advantage of the sweet deal while it lasts, per Realtor.com.
It’s an online auction, meaning that those who bid on the property won’t get to go inside the space.
They can look at pictures and all of the information – but the most they’ll get other than that is a peek through the windows if they head to the address.
Of course, the home won’t only be $1 over time.
Those who secure the space would still need to make consistent property tax and insurance payments, which varies depending on several factors.
An estimate included on Realtor.com is set at $56 per month on the space, excluding other discretionary costs.
“This is not a scam; it’s a strategic move to generate immediate interest and set up a quick sale,” the realtors selling 171 Old Mill Road ensured in the description of the home.
“Act now on this extraordinary property!”
PERSONAL TOUCH
The house is perfect for those looking to settle into property surrounded by nature — with enough space and privacy to feel comfortable but not isolated.
It’s also ideal for those looking to renovate and update a home on their own to their liking.
“Transform its interiors to suit your style,” realtors recommended.
On the exterior, the home features an overhanging roof in the driveway for protection from the elements when parking outside.
Most of its paneling on the outside is painted a creamy white with red window panes.
A walkway lined with flowers leads guests to the front door, which features four large white pillars in a regal design.
How Online Auctions Work
Buying a home in an online auction can be an adventure, according to Nedalee Thomas, a homeowner in Orange County, California, and former realtor.
The biggest difference is that she didn’t get to go inside the home before submitting an offer, she told Realtor.com.
She was able to go up to the property and peek through the windows before making her first bid, but that’s more than what most people get.
Bidders also can’t get a mortgage or use a lender—real estate auctions require total payments.
Thomas was shocked when she was outbid several times before finally, three days later, her offer won.
SPACE SECURED
One of the biggest upsides of the property is its front and backyard.
There’s space in the front of the home to expand a garden area past the porch and add outdoor furniture.
In the back, a massive backyard extends considerably far back to a nearby tree line.
For perspective, the lot is 8,712 square feet, while the home sits at 2,146 square feet.
Inside are three bedrooms, three bathrooms, a fully equipped kitchen, and a dining room.
The home also comes with air conditioning, heating, and a wood-burning fireplace as a bonus.
It’s also not the only property on the market starting at just $1 and seeking a quick sale.
Another space with three bedrooms in Alabama, about an hour north of 171 Old Mill Road, is also going for $1 to eager home buyers in an auction until noon on August 29.
A home in Arkansas — also with three bedrooms — is starting at $1 in an auction ending on August 15.
