Who told you that the place would need a new mound septic system? If it was someone with the authority to make you do that, I would negotiate a lower price for the property or move on.
A mound septic system can cost a lot of money. I know a guy who has over $30K in his system, and it still doesn't work like it is supposed to. I have also seen several of the mounds that have failed (and none of them are over about 30 years old), with effluent running off them onto the ground surface. The mound systems need electricity to pump the effluent up into the mound, so if the power goes out, the effluent is not removed from the septic tank, and can back up into the basement. An in-the-ground, gravity operated drainfield system is much better in the long run.
I would ask more about the existing well. Is the water bad in it, as is? Could it be recased at a reasonable price? If the water in the well is bad, will it contaminate the aquifer you would be drilling into if you put in a new well? Again, new wells can end up costing LOTS of money.
What might sound like a decent price for the place might end up being way too much if you have to invest a lot of money to get it usable. HTH Good luck!
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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