A family in Houston Texas has decided they want to move closer to their daughter's school, and have chosen to re-locate.
The untraditional family developed an essay contest with an entry fee to sell their house.
They put together a website calling for entries and those that are interested submitt a $150 entry fee and an essay of 200 words or less. The winning essay gets the house. Within just a few hours of the website going live it crashed because of the amount of interest.
Picking a winner will be hard, but they will likely receive around 3000 applications by mid-June estimating a $450,000 value for a house that is appraised at just under $400,000. Pretty gutsy move, but a sweet deal for the winner. A nice 1056 square foot, 2 bedroom / 1 bathroom home with a double car garage on a 5300 square foot lot for $150 and some creativity. Maybe I should start selling houses using this method.
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