it only means the price is based only on the lot, COMMON sense when you buy the lot of course the house is part of it, BUT since the house is old the owner did not add it as a value on the lot ,
Common sense will tell you that the price is set to be justified. As though the lot is really that much. So you will buy the property and throw the house. All because you believed Nov9TV sold you a good bargain. But NO. Go over again that. Buy it to prove your good point.