Homework Required to Buy This Texas Home

Michael Wachs is asking applicants to write an essay and shell out $150 for a chance to buy his two-bedroom home.
1:21 | 05/15/15

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Transcript for Homework Required to Buy This Texas Home
Down in Texas in Houston in particular those wanting to buy a two bedroom one bat house going to have to do a bit more right you know just sign on the line you gotta actually. Turn something into the teacher. Yes my homework the guy who's selling the house is now accepting entries. 150 bucks and didn't act say. Of 200 words or less of the person who writes the essay that he picks as the winner gets. The house so essentially write the I have this right you're only paying a 150 bucks you have to pay the closing cost but you get the house who lets it be gotten so this competition says he'll need about. 3000 applications in order to port with the house at market value it could be worth it but this is he's found a way to now. Essentially paid a house all get rid of the debt you get the deal to me it's worth submitting maybe you'll get a 450 bucks. And you think up with ideas not the first person to do something like this surveillance raffles to buy a ticket I part of it with an escape before. When the topic and. Like so that this thing is not T but you get the house hundred bucks closing costs it'll put the right battle in the markets if there. I feel lucky that student am I competing against you in this essay contest yet it's on. The summer it Ankara to break that world news that we need to submit. We need to do is look at the team we showed how can. A good writer dreaded always vote favors and it.

This transcript has been automatically generated and may not be 100% accurate.

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