Yet another property raffle fails and another is launched
We have discussed before the pitfalls when raffling one’s house, but there seems to be an increasing trend despite the constant failures. Perhaps it is sheer desperation or perhaps as I mentioned earlier, sellers see it as a win, win situation. Either way, it has got me thinking again.
How about we start a company that runs property raffles, get approval from the various governing busy bodies, provide the raffle system and the website and take a percentage per ticket sold and perhaps a success fee if by some miracle the property actually makes its reserve in ticket sales. Apply a little more business logic to it, i.e. Higher ticket prices, transparency, better marketing etc. Reading the comments from my last post it was suggested that a company called prize home was already offering this service, but when I checked their website is down. Perhaps a gap in the market?
Just as an aside (and a rant), why shouldn’t I raffle my house if it is mine. If it isn’t mine, well surely it would up to the bank to complain. More nanny state, big brother interference. We will have health and safety knocking on the door next!
See you all in the Lotto que.