Houston homeowner hosts essay contest to sell bungalow for $150

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TEXAS, USA – A Houston homeowner is selling his bungalow for just $150 and 200 choice words.

Michael Wachs is hosting an essay contest to sell his 1920s Houston Heights pad, valued at $400,000. Hopefuls must pay $150 to enter and submit 200 words or less on why they want the house.

Wachs, who is a realtor, said he loves the home, but he and his wife want to move closer to his daughter’s school. The couple decided on the untraditional selling method as a way to give more people a shot at the two-bedroom, one-bathroom house, he told KTRK.

“This is the only method that we can think of that we could get our money back and also give a chance to someone to start a new life or build a home right in the city,” he said.

Wachs will accept entries until June 13. The best-written essay wins the 1,056-square-foot house and its appliances, but the winner must pay the closing costs.

The Texas real estate agent said he needs to collect 3,000 entries to walk away from the deal with the house’s market value. If he doesn’t get enough, he’ll refund applicants’ fees and list the house the old-fashioned way.

But there’s already a lot of interest in the contest, he said: Hours after the contest website went live, it crashed because of too much traffic.

Earlier this month, an Alabama couple announced an essay contest to win their goat cheese farm.

Source : http://www.nydailynews.com/news/national/houston-homeowner-sell-house-150-essay-contest-article-1.2223311

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