WDAY.com

WDAZ: Your Home Team

Published February 04, 2012, 05:06 PM

House Auction Makes Space to Expand Town Levy

OSLO, MN (WDAZ-TV) - Some local people are new homeowners this afternoon. The town of Oslo, Minnesota auctioned off houses in an effort to get its levy project underway.

OSLO, MN (WDAZ-TV) - Some local people are new homeowners this afternoon. The town of Oslo, Minnesota auctioned off houses in an effort to get its levy project underway.

There were 80 bidders for 20 houses and garages. Local Oslo residents and some from other parts of the red river valley showed up and crossed their fingers they were the highest bidder.

"Looking for a shed or a garage, always looking for something that's a good deal," said new homeowner, Brad Johnson.

Two years ago, FEMA mandated a levy realignment. Today's auction will get rid of houses on the land the town needs to extend the levy.

"Makes us move forward with our project, its the first phase of our project and it just shows progress," said Oslo Mayor, Scott Kosmatka.

Houses like this one, and this one, sold for less than 10 dollars because its hard to get a two story house across the bridge to North Dakota. People say they buy houses at a low price to salvage what they can of the inside.

And buying houses at the salvage rate was the strategy for many bidders today.

"They can gut the house take the furnace, windows, doors, whatever they want out of the house for that high bid, the rest of the house will be demolished where it sits," said Auctioneer, Scott Schuster.

"Cause we wanted the stuff out of it, we're going to take the doors and the windows and that kind of stuff out of it," said new homeowner, Terry Sundby.

"They're taking a chance on what the condition of the stuff is, lot of sweat and labor put into it," said Schuster.

But not everyone walked away feeling good about their purchase. Richard Bitz got stuck with a shed.

"Made a little work for myself but I'll be ok, I'll get some help to move it, I could've gotten some deals there if I was prepared for it," said shed-owner, Richard Bitz.

Maybe next time he'll come prepared. Richard payed only 15 dollars for his shed.

The expensive fee to move houses was a big reason why houses were auctioned off for cheap.

Tags: