Welcome to the official Blog of BuyOwner.com

BuyOwner.com buy sell trade rent

  • Home
  • About BuyOwner.com
  • Popular Posts

Posts tagged CBS News

Buy a Raffle Ticket, Win a House

Dec10
2009
Leave a Comment Written by Carrie

raffle

Aside from advertising, sellers often propose bonus incentives to make their homes even more appealing to prospective buyers. These incentives could be anything from a carpet allowance to a year’s worth of paid lawn maintenance to an offer to cover all closing costs. But imagine a scenario where your dream home, which is valued between $300,000 and $500,000, is being offered for only $100—sounds too good to be true, doesn’t it? It is.

A new trend in today’s real estate market is the house raffle. Raffles boast proven results, but only when enough raffle tickets are sold to cover the total sale price listed on a given site. For example, if the home is valued at $300,000, the homeowner would prefer to sell at least 3,000 tickets to cover the total cost of the house.

Last year, CBS News reported that a couple in Maryland sold over 6,000 raffle tickets for their four-bedroom farmhouse. This massive property sat on four acres and was valued at $390,000 when it was first listed. After two years of unsuccessfully trying to sell the home, Karen Crawford and Dennis Kelly decided to be creative and sell raffle tickets at $100 a piece, even reaching potential buyers in other countries.

And while the winner of the home did indeed only pay $100 for his ticket, he had to pay $150,000 in taxes, which, in this case, was still only half of what the house was worth, but a lot more than $100.

Posted in Market News - Tagged auction off house, buyer incentive, home buying, property tax, raffle tickets, selling
SHARE THIS Twitter Facebook Delicious StumbleUpon E-mail

About the BuyOwner.com Blog

Welcome to the BuyOwner.com Blog, your source for regularly updated market information!

Founded in 1984, BuyOwner.com® is the leading provider of real estate marketing services. We pioneered the "For Sale by Owner" (FSBO) market, which today represents over 20 percent of all residential real estate transactions.

You can read more about BuyOwner.com here.

Article Archives

Buy Owner Links

  • BuyOwner.com on Facebook
  • BuyOwner.com Testimonials
  • BuyOwner.com Website
  • Twitter: Buy Owner

Blog Roll

Real Estate Top Blogs Real Estate Blogs - BlogCatalog Blog Directory Add to Technorati Favorites Find the best blogs at Blogs.com. Blog Directory Home Improvement Blog Directory

Subscribe

Enter your email address:

Delivered by FeedBurner

Tags

31 reasons to sell with buy owner adding value to your home buying a home buying a house buy owner Buy Owner experience curb appeal decorating eco-friendly eco-friendly tips environment florida fsbo Green Living holiday home decorating Home Improvement home improvements home ownership home selling how to sell your home interior decorating interior design kitchen Market News moving real estate real estate market real estate selling real estate tips Regional Info selling selling a home selling a house selling Buy Owner selling by owner selling for sale by owner selling fsbo Selling Tips selling with buy owner selling your home spring staging using buy owner winter

EvoLve theme by Blogatize  •  Powered by WordPress BuyOwner.com Blog
Tips and info for people selling & buying their homes "Buy Owner"