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 Husband and wife Michael and Stephanie Wachs are moving to a home
closer to their daughter's preschool and want the owners of their
old home to move in without being burdened by a mortgage.
They are asking hopeful buyers to submit a 200-word essay along with
a $150 offer fee to bid on their 1,056-square-foot
(98-square-metre), two-bedroom cottage.
It would take about 2,500 offer fees to collect the home's appraised
value. As of Friday morning, 300 essays had come in, but not all of
the applicants had paid the offer fee.
The essayist chosen will be responsible for the taxes, title policy
and $1 contract price.
 "It’s not a contest. These are heartstring letters, which are common
in real-estate transactions when you have multiple offers on a
house,” Michael Wachs said.
They were inspired when they read about a Maine bed and breakfast
being sold in a similar fashion.
The couple is asking close friends and family not to apply and for
potential buyers not to include any identifying information in the
essays, which are due by mid-June.
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If they do not choose a buyer, they will refund all offer fees.
"My wife and I have the same tastes so we'll probably split the
reading work in half evenly and then each come back with our 20
favorites and narrow it down from there,” Michael Wachs said.
(Reporting by Amanada Orr; Editing by Jon Herskovitz and Eric Beech)
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