WHITE LAKE, N.Y. (CBSNewYork) — It could be the real estate opportunity of a lifetime — acres of land, and a luxurious home on a private lake could be all yours for $149.
As CBS2’s Lou Young explained, there’s a catch.
High in a knotty pine paradise, Kelly Lavorgna took CBS2’s cameras through the vacation home being offered as a prize in a contest.
“We eat here, every meal, we play games. The view is magnificent,” she said.
The cozy, well appointed two bedroom retreat overlooks an expansive fish filled lake.
“The lake is just awesome; we love boating, we take the kayaks out, do some fly fishing down here as well,” Andrew Bares said.
“You can’t help but relax here,” Lavorgna added.
It’s a Catskill dream home a short distance from the famous Woodstock concert site in the nearby Bethel.
Lavorgna said she and her husband no longer have the time to enjoy the home.
“We feel like it’s wasted on us. We love the place, but we want other people to enjoy it just like we did,” she said.
The contest requires an investment of $149 and a written explanation of why the contestant wants to own it.
The couple has tried twice to sell it, and decided on this tactic as their only chance of getting back some of the investment they made at the height of the 2008 housing bubble.
“We’re going to take a loss, but you know, prices are different now. The second home market never recovered from the crash,” Andrew said.
The math indicates that they need 5,500 applicants to make the deal work, but that leaves at least 5,499 potential sore losers, and just over $819,000.
For that reason, they’re not judging the contest themselves, but hiring a panel of outside experts.
“We have 10 judges that we’ve very carefully hired and vetted. We have no say at all,” Kelly said.
Grammar, originality, and creativity are all factors.
Since it takes time — an additional investment — real estate experts said the contest is not an approach most home sellers should consider.
“This is a limited option for people of means,” Nancy Elsas said.
If the sellers don’t get the minimum number of contestants, they’ll refund everyone $100 and apply the remaining $49 to administrative costs.
The winner would owe taxes for the assessed value of the home and be liable for property taxes and homeowner association fees — about $11,000 a year.
“You have $149 and you’re going to lose $49 of it, and you want to write an essay because this house looks intriguing and you know that — maybe you’re looking for a house in the area? Absolutely do it,” Elsas said.
The contest runs through the end of April, and while it is in part about money, with a home there’s always an underlying risk.
“We really hope that the house goes to somebody who wants it and deserves it,” Lavorgna said.
Perhaps that’s you.
To enter the contest, click here.
- Sponsors. This Contest ("Contest") is sponsored by KLFY ("Station") and WCC Furniture (collectively, the "Sponsor(s)"). This Contest is void where taxed, restricted, or prohibited and is subject to all local, state, and federal laws. By entering, each entrant accepts and agrees to be bound by these Official Rules and the decisions of the Sponsor(s), which shall be final and not subject to appeal.
- Eligibility. No purchase necessary to enter. The Contest is open to legal U.S. citizens who reside within KLFY viewing area and who are at least 18 years of age at the time of entry. Current or former employees of KLFY, Nexstar Broadcasting, Inc., [Nexstar.], the other Sponsors, the other television and radio stations and multichannel video programming distributors in KLFY's viewing area, their parent companies, subsidiaries, affiliates, advertising or promotional agencies (including anyone who prepares and/or distributes contest materials), and the immediate family members or persons living in the same household (whether related or not) of all the foregoing are not eligible to participate or win. The term "immediate family members" includes spouses, grandparents, parents, siblings, children and grandchildren.
Participants are eligible to win a KLFY contest or sweepstakes only once every 120 days. Only one winner per household is permitted in any contest or sweepstakes. Participants are eligible to win a prize valued at $600.00 or more only once every six months. Text, data, or messaging rates may apply.
- Entry. This Contest will begin on 10/23/2017 at 5am and end on 11/12/2017 at 12m. To enter the Contest, entrants must visit www.KLFY.com/contests and fill out the entry form. Entrants must include their name, phone number, e-mail address and a short original essay about why they/ someone they know deserves a house full of furniture in order to enter. All essays must conform to the essay restrictions below in order to enter. Essays must be no longer than 200 words in length. Incomplete entries will not be considered. All entries must be received by 11/12/2017 at 12m. One entry per person will be accepted.
Sponsor(s) is/are not responsible for telephone service outages, delays, equipment malfunctions, busy signals, hang-ups, errors or data loss of any kind, lost or unavailable connections, or late, lost, failed, illegible, incomplete, garbled or deleted entries, transmissions, or voicemails or other network or technological difficulties that may prevent an individual from completing his/her telephone call or online entry, or for printing errors in any advertisement, entry form, or the rules.
Any automated or computer-generated entries, fake or duplicate identities, spam, or improper techniques (as determined by Sponsor(s)) will be disqualified. Any questions regarding the validity, completeness, or number of entries submitted by an individual or the identity of the authorized account holder of an e-mail address, phone number, or social media profile shall be determined by Sponsor(s) in its/their sole discretion. The Sponsor(s) reserve(s) the right to disqualify any entrant who acts in a disruptive, harassing, vulgar, or unsportsmanlike manner, as determined by the Sponsor(s) in its/their sole discretion.
Entry materials that have been tampered with or altered are void. If the Sponsor(s) determine(s), in its/their sole discretion, that there is any suspected or actual tampering with the Contest (electronic or otherwise) or if technical difficulties (e.g. infection by computer virus, bugs, tampering, unauthorized intervention, fraud, technical failures, or any other causes beyond the control of Sponsor(s)) compromise the security, fairness, integrity or administration of the Contest, the Sponsor(s) reserve(s) the right to void the entries at issue and/or modify, suspend, cancel or terminate the Contest and conduct a random drawing to award the prize among all eligible entries received as of the termination date. If the Contest is terminated due to tampering or technical difficulties prior to its expiration date, notice will be posted online at www.KLFY.com. Sponsor(s) reserve(s) the right to disqualify any entrant that tampers with the operation of the Contest or website or violates the Official Rules of the Contest. Entries not conforming to announced entry specifications will not be acknowledged or returned.
- Odds of Winning. The odds of winning depend on the number of eligible entries received.
- Essay Restrictions. Essays submitted by the entrants/participants may not contain, as determined by the Sponsor in its sole discretion, any content that:
- is obscene, offensive, sexually explicit or suggestive; violent; derogatory of any ethnic, racial, gender, religious, professional or age group; endorses any form of hate or hate group; profane or pornographic; contains nudity;
- promotes alcohol, illegal drugs, tobacco, firearms/weapons (or the use of any of the foregoing); promotes any activities that may appear unsafe or dangerous; promotes any particular political agenda or message;
- contains products or trademarks of any Sponsor competitor;
- defames, misrepresents or contains disparaging remarks about any person or company;
- contains trademarks, logos, or trade dress (such as distinctive packaging or building exteriors/interiors) owned by others, without permission, to the extent permission is necessary; contains any personal identification, such as license plate numbers, personal names, e-mail addresses or street addresses;
- contains copyrighted materials owned by others (including, without limitation, photographs, sculptures, paintings, and other works of art or images published on or in websites, television, movies or other media), without permission, to the extent permission is necessary;
- contains materials embodying the names, likenesses, voices, or other indicia identifying any person, including, without limitation, celebrities and/or other public or private figures, living or dead, without permission, to the extent permission is necessary;
- contains look-alikes of celebrities or other public or private figures, living or dead;
- communicates messages or images inconsistent with the positive images and/or good will to which Sponsor wishes to associate; and/or
- violates any law or regulation.
Essays must not infringe upon the copyrights, trademarks, rights of privacy, publicity or other intellectual property or other rights of any person or entity. If the essay contains any material or elements that are not owned by the entrant, and/or which are subject to the rights of third parties (e.g., essay contains portions written by someone other than entrant), the entrant is responsible for obtaining, prior to submission of the entry, any and all releases and consents necessary to permit the use and exhibition of the entry by Sponsor(s) in the manner set forth in these Official Rules, including, without limitation, permission from the owner to use the content and permissions from any person (or, if a minor, his/her parent or legal guardian) who appears in or is identifiable in the entry. Sponsor(s) reserve(s) the right to request proof of these permissions in a form acceptable to Sponsor(S) from any entrant at any time. Failure to provide such proof will render entry null and void.
- Prize(s). There will be 4 winner(s) in this Contest…3 runner up, and 1 Grand Prize winner. On 11/17 the winner(s) will be selected by a panel of judges based on the best essay and notified that they won by phone. The winner(s) will be asked to be at home on the date of 11/20 between the hours of 5a-7a KLFY news crews will surprise the grand prize winner at their home LIVE on air to receive the grand prize(s) including 1st Place - $4,500 worth of furniture, the remaining will have to show up at WCC Furniture to claim their prize 2nd $500 gift card 3rd $500 gift card 4th $500 gift card. The approximate retail value of the prize(s) is $6,000. Entrants can win only once.
The Sponsor(s) reserve the right to select the panel of judges and the criteria for judging the essays in its/their sole discretion. All results are unofficial until winner(s) is/are verified by the Sponsor(s). Prizes may not be exchanged, substituted, transferred or redeemed for other prizes by winner. Cash will not be awarded as a substitute for prize. Prizes are awarded ‘as is' with no guarantees or warranties as to use, merchantability, or fitness for a specific purpose, and the Sponsor(s) is/are not responsible for defective prizes. Sponsor(s) reserve(s) the right to substitute a prize in their sole discretion without an on-air or off-air announcement, in which case a prize of equal or greater value will be awarded. Other terms and conditions may apply.
- Conditions for Acceptance of the Prize(s). The winner(s) must claim the prize(s) in-person at WCC Furniture during regular business hours (M-F from 8:30 AM PST - 4:30 PM PST)). Prize(s) will not be mailed under any circumstances. The prize(s) must be claimed by 11/30/2017 at 5p or it/they will be forfeited. Winner(s) will be required to provide a valid government issued photo identification card and to execute an affidavit of eligibility and publicity and liability release prior to receiving their prize(s). The Station may require the winner's guests, invitees, or travel companions to sign liability releases prior to receiving the prize. All unclaimed or rejected prizes will be forfeited. Failure by the winner(s) to respond to the Station's messages, calls, e-mails or other notification will lead to forfeiture of the prize(s). Failure to completely fill out and sign all waivers, releases, or forms requested by the Station will result in forfeiture of the prize(s). The Station then has the right, at its discretion, to award that prize to another winner using the method described above. A winner who forfeits any prize is not eligible to win another contest conducted by the Station for thirty (30) days. If this contest is open to entrants under the age of 18, a winner is under the age of 18, a parent or legal guardian will be required to claim the prize(s) and execute all releases on behalf of the minor. If a prize winner is a minor, that winner's travel companion must be his/her parent or legal guardian.
Payment of all federal, state and local taxes is the sole responsibility of the winner(s) and the winner(s) may receive an IRS Form 1099 or equivalent from the Sponsor(s). The Sponsor(s) will report any individual winnings over $600 (in cash or fair market value of goods or services) in a one year period to the Internal Revenue Service. Winner(s) is/are required to fill out any tax forms requested by the Sponsor(s) in order to receive their prize(s).
Unless otherwise stated above, Winner(s) will be solely responsible for any and all license and registration fees, accommodations, transportation costs, gratuities and all other items of an incidental nature. All expenses on receipt and use of prize(s) are the sole responsibility of the winner(s), the Sponsor(s) is/are not responsible for any weather changes or extenuating circumstances relating to a prize received. The Sponsor(s) is/are not responsible for replacing or reimbursing winners with any form of compensation for events that are delayed or canceled. All delays and cancellations are deemed beyond the control of the Sponsor(s). This includes, but is not limited to, event cancellations, trip schedule changes, flight cancellations, changes in travel arrangements, travel delays of any form and duration, game cancellations and delays, as well as all acts of nature. The Sponsor(s) is/are not responsible for any expenses incurred by Contest winners as a result of such delays or cancellations. Sponsor(s) will not be responsible for failure to supply the prize(s) by reason of any force majeure events, such as acts of God, war, terrorist attacks, unusually severe weather, labor strikes, or other causes beyond the control of the Sponsor(s).
By accepting the prize, the winner or winners (or, in the case of a minor, their parent/legal guardian) agree to have their name, voice, likeness, biographical information, and entry materials used in any advertising or broadcasting material relating to this Contest, and in any media whatsoever, including the Station and on www.klfy.com, for any purpose whatsoever, worldwide, in perpetuity, without any further authorization or compensation to the entrant.
- Limitation on Liability. Sponsor(s) disclaim(s) all liabilities to the winner(s) with respect to receipt and use of the prize(s). Winners and their guests or travel companions, by acceptance of their prize(s), agree to release and hold the Sponsor(s) and its/their affiliated companies, their advertising, promotion and production agencies, and their respective parent companies, subsidiaries, affiliates, officers, shareholders, directors, employees, agents and representatives harmless from any and all liability, claims, causes of actions, damages, fines, and costs of any kind whatsoever (including reasonable attorney's fees) which may be sustained directly or indirectly to persons or property in connection with the receipt, ownership or use of the prize or while preparing for, participating in, and/or traveling to any Contest- or prize-related activity.
- Reservation of Rights. Sponsor(s) reserve(s) the right to make changes to these Official Rules in their sole discretion which will become effective upon announcement. Sponsor(s) reserve(s) the right to cancel or terminate this Contest for any reason in the event that it cannot be run or administered as intended by the Sponsor(s). Any such changes or termination will be announced on www.klfy.com. Any attempt by an entrant or any other individual to deliberately damage or undermine the legitimate operation of the Contest may be a violation of criminal and civil laws and should such an attempt be made, Sponsor(s) reserve the right to prosecute or seek damages from any such person to the fullest extent permitted by law.
- Contact Information. For questions or more information about this Contest, please contact KLFY at 1808 Eraste Landry Rd Lafayette LA. For a copy of these rules, addendum, and/or list of winners please send a self-addressed stamped envelope to KLFY within sixty (60) days of the end of this Contest.