Raffling off a house
Anyone can do this, but they must make sure that the competition is not judged to be a lottery.
Its basically like crowdfunding, he said.
To work, the house needs to be attractive to generate excitement, and thats why it applies to the higher end homes.He told This is Money that people have contacted him for advice about raffling castles, businesses, terraces, luxury apartments, buy-to-let portfolios, private islands, mansions and family homes in locations around the world, including Australia, Canada, France, Russia, Seychelles and the.As well as being a simply genius business model, the founders of the site believe they're doing something good.Dullatur House: Shamus Fitzsimons has tried to sell if for the last year - but has now decided to raffle the property.The rules around raffling a home require the person organising it to ask a question in order to make it a 'contest.'.Dunstan Low and Natasha Dobosz outside the raffled home Credit: Charlotte Graham/Guzelian.With the toxic combination of sky-high house prices and very little disposable income, it can seem an impossible feat to buy somewhere of your very own, especially in any of the country's major cities.They become a home-owner for the minuscule cost of a cup of coffee, while the seller of the house gets to make back more-or-less the value of their house thanks to the inevitably high number of entrants coughing up a few oldest contestant on price is right quid each.
Inside the stunning home (Image: winmyhouse.
If it still doesn't reach the number of tickets they'd require, the winner of the prize gets the cash raised in competition instead of the house.
Plus, the site-owners get to make a quick buck by taking a cut for all the work they do facilitating the prize draw.Ms Segar told the.But I want to make sure it would be legal and above board before going ahead.".The milliner is originally from Surrey and her children and 91-year-old mother are still based there in the town of Oxted.Peter Ellis, director of Accommodation Unlimited letting and property agents in Chandos Road, Redland, said: "It sounds like a brilliant way to sell your property and in some cases it has worked - whereas in others it has failed spectacularly.Online read More, the retired schoolteacher, who runs Tricia Designs, has sold her hats to customers around the world and currently displays them at Amulet Boutique in Bristol.He running the competition until just before Christmas and hope to sell 250,000 tickets meaning.25million in sales.
Her intention is to raise the funds from the raffle and reinvest it in Tricia Designs so hats can be manufactured in the.