Going once, going twice, put it on the board.

There hasn't been much to blog about lately since we have been simply setting up our lives here in TN. Here's what we have done over the past week:

1. Established a TN bank account
2. Got library cards
3. Purchased some simple furniture
4. Scouted around town for grocery stores
5. Contacted real estate people with our list of demands

What's left to do:

1. Register Kelly's car in TN - requires emissions test
2. Convert both driver's licenses to TN
3. Buy land and build a house...

I'm planning to pursue unconventional methods of finding a place to live, without the use of real estate experts. I have no idea if my plan will be fruitful, but I can't stay home waiting to be shown properties. I'm planning to visit the county clerk's office in each of the prospective counties to find out about auctions or land sales or whatever will help me know more about the area. I am also planning to visit the offices of the building department for these counties to learn about code requirements regarding building new structures. It may end up being a confusing experience, but I'm counting on the kindness of others to help me get through it.

Today, we are planning to drive to Woodbury, TN to check out a property that is slated for auction in 2 weeks. If it looks reasonable, we will contact the auctioning company for details regarding land use restrictions, utilities and such.

We went to an auction last Saturday and it was quite an interesting experience. The 50-acre property was divided into 5 tracts, one of which contained the farm house. The first phase involved auctioning the tract with the house with bids for the total price, followed by a series of auctions where the bidding was based on a per-acre price. Once the bidding was over, the bidder chose the tract they wanted. Then, a new round of bidding began again in the same method until all tracts were done. The next phase was called regrouping, where bidding was offered on groups of tracts, starting at the combined final bid price of those tracts. In this case, the only regrouping that was pursued was a regroup of the entire property, which was won by a man who looked like a farmer. He got the 50 acres with house (old but liveable) and barn for $300,000. The final result was that the bidding on the individual tracts helped run up the price by people who could afford to buy smaller plots. Otherwise, only a select few would be present who could afford to make bids as high as the end result.

I'm hoping a perfect piece of property for us goes up for auction, just so we can experience the thrill of bidding - and maybe winning the auction and getting the property at a big discount.

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