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The Masked Tulip

Sky News House Raffle

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Sky News has an item on it about a man who spent about 50/60K doing up a house and has it on the market for 400K. He has had no interest in it so he is now hoping to sell 800 £500 tickets in a raffle for it.

If he does not sell the 800 tickets you get the £500 back minus a 10% - I think - fee for admin/handling.

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Do you have a link?>

seems like an odd thing to do...

£500 for one chance in 800....

anway.. not going to buy one..

Interesting though,,]

so if he sold £799 tickets..

thats a £39,950 profit...

if he keeps the 10% fee..

well good luck with that one..

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Guest consa
Sky News has an item on it about a man who spent about 50/60K doing up a house and has it on the market for 400K. He has had no interest in it so he is now hoping to sell 800 £500 tickets in a raffle for it.

If he does not sell the 800 tickets you get the £500 back minus a 10% - I think - fee for admin/handling.

I saw this on SKY news last night as well, this is illegal to do without a licence I think, can someone confirm? and broadcast on SKY

If it is illegal we should all e-mail Sky news and let them know what we think!!

Anyone got the sky news e-mail address?

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quote "according to Hometrack, the property data specialists, the average price of a detached house in his area is £204,000. "

we spoke about this on another thread,

was on c5 news aswell

he needs the 400k to cover the costs of his morgage and renovations he has made

In the 6 months it has been on the market has had 1 viewing, not suprised at that price

i think he has only sold 50 tickets, still that is £2.5 k he doesnt have to give back if all the tickets dont sell

anyone know the law on this?

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quote "according to Hometrack, the property data specialists, the average price of a detached house in his area is £204,000. "

we spoke about this on another thread,

was on c5 news aswell

he needs the 400k to cover the costs of his morgage and renovations he has made

In the 6 months it has been on the market has had 1 viewing, not suprised at that price

i think he has only sold 50 tickets, still that is £2.5 k he doesnt have to give back if all the tickets dont sell

anyone know the law on this?

2.5K? 2 month's depreciation and counting.

/G

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Guest consa
quote "according to Hometrack, the property data specialists, the average price of a detached house in his area is £204,000. "

we spoke about this on another thread,

was on c5 news aswell

he needs the 400k to cover the costs of his morgage and renovations he has made

In the 6 months it has been on the market has had 1 viewing, not suprised at that price

i think he has only sold 50 tickets, still that is £2.5 k he doesnt have to give back if all the tickets dont sell

anyone know the law on this?

Agree!!

We need to know the law, any lawyers here?

Edited by consa

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You know, with the housing market as fantastic as it is at the moment, I'm suprised people have resorted to raffling their house!

(note: as sarcasm doesn't email very well, as a hint there might be the teeniest hint of it in the above sentence)

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I’ve heard of that before, it has been done. I think an official Judicator has to preside.

One couple did it, and didn't get the value of their property so they

voided the raffle and gave the money to charity.

It can’t be that successful or we would be seeing it more often.

What a great idea for all you Estate Agents out there! start selling scratch-cards/bricks!

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Saw the item on sky news and it seemed very bearish.

I was amazed that the prat hadn't even bothered to mow the lawn before the cameras arrived. :lol:

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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