Owners Sharon and Ray Sinclair, tried selling their upscale home in Yachats, Oregon for over ahttp://www.blogger.com/img/gl.link.gif year and a half with no success. They tried the conventional methods of listing with realtors, listing on the Internet, FSBO (For Sale By Owner) and holding open house 5 days a week. Nothing worked as the real estate market slump of 2007 spread to Oregon.
After showing the house to hundreds of people who loved it but could not afford the 600K price, Ray sought a more creative method to put some of these potential owners in this house. The result was an essay contest with the theme, “I/We want to win this house because…” in 100 words or less -- accompanied by a $200.00 entry fee. The contest started on January 2, 2008 and will close on June 30. The rules and forms for entry are available on their web site. Only 3000 entries will be accepted.
In addition to the first prize of the house; second prize is $5,000, third $3,500 and fourth is $1,500. More details are on the web site, “www.win-this-home.com”.
Sinclair states that should the contest fail to draw the required number of entries all entry fees will be refunded. Nearly 2200 entries have been received to date.
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