I loved our home even though it was only a one bedroom. Within a year with Heather growing, we had outgrown it. Some how I had managed to put a new furnace in it during my spare time and redo the livingroom walls. I had only paid $6000.00 for it and sold it a year later for $8500.00. That was a good return in 1969 to 1970.Plus, with the down payment my loan only started at $4000.00 and with 6% interest, I was able to pay it down considerably within a year.
We listed our house with a Realtor and began shopping for a bigger home. It didn't take long to sell ours to a retired couple and it didn't take us long to find the perfect home for us. It was a big, square house with a screened in, enclosed porch that went down one side and across the back. It had all hardwood floors, ten foot ceilings, and a working fireplace in the Livingroom. It had two big bedrooms downstairs and a large apartment upstairs that had the same older lady that had lived there for 11 years. And best of all, her rent paid 2/3 of the house payment. It also had a two car garage, but the tenant laid claim to that. It also had a big, open front porch.
Mom and Dad had to come to the closing with us to sell our house and sign papers because we were under age. After paying the Realtors and all, we ended up with nearly $5000.00. We were in shock when Mom said the money was hers because it was their house and they had invested the $2000.00 when it was purchased. My wife and I well remembered when my parents gave us that money for all the help I had been on the farm. I guess because I was unable to remain being their farm boy, they were taking back their gift. We sure didn't need that kind of help!!
I told my parents that if they took all the money, we wouldn't be able to buy the square house. After much pleading, they agreed to give us $3000 for the downpayment. Once again, we were still under the age of 21, so my parents had to sign with us on the land contract. And they were able to recover most of the original $2000.00 they gave us a year before.
We bought the big, square house for $15000.00 with $3000.00 down on a land contract.