There were ten houses for sale by tender. The market value of each house was valued at $30,000.00 per house.
He found the man in charge of the tenders and asked him how the bidding worked. The man told him to make a bid, put ten percent of the bid in an envelope, add his name and phone number and hand it in. When the tenders are open,if you're the only tender on the house, you get the tender.
He made his tender, put the ten percent in the envelope,added his name and phone number, thanked the man and left.
He received the call about three months later. The man on the other end told him he had won the tender for the house and that he owed him ninety cents, and he had sixty days to collect his house. The man laughingly told him he had never seen the likes of a tender for a dollar.
Three days later he had the house loaded on his semi truck and trailer.
The house sat on his acreage until a year later when a friend called and asked to buy the house.
He sold the house for five hundred dollars and a twenty year exclusive business contract.
A true story of the $1 house.

Wow now that is indeed a good buy.

Wow, being in the right place at the right time and having the right people come into your life.

Wow,

Allow me? I had no idea what "tender" meant.

"Tender" means that you have to submit a price, but you will not know how much someone else has submitted, whoever has put in the highest offer will be successful in purchasing the property. Sort of like a private/silent auction. Interested parties each submit an amount but don't know how much others are offering. So there's the trade up between not knowing how much is too much but also not offering enough in case others offer more. Obviously the seller goes with the best offer.

tazzops....see what a dollar can get you?...grin...

mowildflower..and his was the only bid on this house....I thought it an interesting story and one worth sharing..thankyou for reading and adding...

tazzops....see what a dollar can get you?...grin...

mowildflower..and his was the only bid on this house....I thought it an interesting story and one worth sharing..thankyou for reading and adding...