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Houston’s $150 House

by Rachel Mazanec

Houston-150-HomeInstead of listing their home for $394,000, the appraised value of the property, a Houston-area Realtor and his wife decided on a more unique selling method. The couple launched www.150house.com, where buyers interested in their two bedroom, one bath bungalow could share what a $150 home offer would mean to them for a $150 application fee. After the couple received enough applications, at least 2,626 to meet the home’s appraised value, they would choose which applicant would receive the home. While the couple was moved by the heartfelt stories the applicants shared, they were unable to attract the number of applicants needed and will now sell their home in the traditional way. Read more about Houston’s $150 house.

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