This Couple Is Selling Their Home for 150 Dollars and It Could Be Yours

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Do you have $150 in your bank account right now? You might have bigger things to invest that money in than a new pair of boots. A family in the Houston, Texas community of Houston Heights has put their house on the market for $150, which means that one lucky Texan is going to be saving a whole lot of money on their living expenses. Just don't go dipping into your savings just yet: Before you win this home, you're going to have to do some homework first.

Here's how the whole process works: The family selling the house will collect $150 dollars from anyone interested in buying their home, along with a 200-word essay. The winner of the essay contest will get the keys to the two-bedroom house, meaning that the official cost of their house will will be even less than a quality coffee maker.

The family will be collecting these essays on www.150house.com, but of course, there is a catch. If you don't win the contest, you will be out $150 dollars, which will go to the family as part of the contest fee. The competition itself is how the masterminds behind the $150 house are planning on making their cash. According to the Harris County Appraisal District, the home is valued at $400,000 dollars, which means that it will take 2,667 contest fees to make back their money.

So is it worth it for the average home buyer to invest their $150 dollars in a one in 2667 chance of buying a home for less than $200 dollars? I guess that depends on how confident you are in your essay skills. So far the family hasn't specified exactly what they are looking for in their winning essay, but if you're an excellent writer who dreams of living in sunny Texas, now might be the perfect time to look into this kind of real estate.

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