Archive for September, 2011

Sep
10

House Raffle Question From a Realtor

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Today a realtor, Paul, came across my book and contacted me to inquire  if this concept could work for a property he currently has listed. This is a  property in El Paso, Texas and there have been no offers except from people that want the owner to sell it on a real estate contract. His seller cannot wait for the money so the buyer must be able to get their own financing.

This scenerio is not uncommon, and it puts the seller in a tight spot. Any realtor with a property like this can search for a qualified organization to raffle the home–through the raffle the seller gets their home sold and the realtor makes their commission just like in a conventional sale.

Having said this, the homeowner and realtor must be sure that the home has the qualities of a grand prize, and they must be sure that house raffles are legal in the state in which the home is located.

To your success!
Diane Giraudo-McDermott

P.S. Did you know that Charlie Chaplin once won third prize in a Charlie Chaplin look-alike contest.

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Sep
06

First Step for the Homeowner in a House Raffle

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The very first step that any homeowner thinking of selling their home through a house raffle should do is to find out if house raffles are legal in their state. Now some states allow raffles, but not house raffles. For example, New York allows raffles by qualified organizations, but the prize cannot be a piece of real estate or valued over $100,000.00. There are a few ways to check this out: One is to contact the office of the State Attorney General or the Gaming Control Board in the state where the home is located. 

Searching for a qualified organization to raffle the home is a waste of time if house raffles are not allowed in your state. You might think that contacting an attorney would be the way to find out, but I’ve found that most attorneys are not familiar with house raffle laws. Go directly to the entity that oversees raffle fundraisers in your state for the answer.

To your success!
Diane Giraudo McDermott

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Sep
03

House Raffle Site

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Check out this house raffle conducted by Desert Academy at Santa Fe, New Mexico a 501c3 nonprofit organization. The state of New Mexico allows raffles by a nonprofit, a school, or a church. If the raffle prize is over $75,000, then the raffle must be registered and approved by the Gaming Control Board. Anyway, Desert Academy, both a nonprofit and a school has a prize home with a wow factor, and they have added a page to their house raffle website titled: Ticket Buyers Talk.

This is a clever way to get ticket buyers engaged and returning back to the website to see their photos and send their friends to see their photos–plus it’s intersting to  read what ticket buyers have to say. Take a look: www.winanewmexicohome.com

Wow, we absolutely love this house! We're looking forward to moving in.

We just left the pool to come check out this great house. I especially like the big yard for the kids!

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What Others Are Saying:

“The book really does take you through the entire process. I feel like Diane holds your hand from beginning to end from qualifying the grand prize home to what happens after the drawing. I’m a homeowner and I’ve had difficulty selling my beautiful home. Now I know what it takes to sell my home in a raffle. I know exactly what type of nonprofit I need to partner with on my house raffle and what to expect. I’m excited to get started.”

-Karen L. Furguson, Homeowner in Tucson, Arizona

"Consulting with Diane by phone has been invaluable. Her knowledge on the subject of house raffles is enormous, and she has really given us a better understanding of the process as we move forward with our house raffle. She has been more than willing to take the time needed in answering all of our questions. After consulting with Diane, we feel we have a much better chance of putting together a successful house raffle and are excited about making it happen."

Chip Thompson, homeowner in Rehoboth, Delaware

"'I Sold My House in a Raffle' is an excellent example of creative marketing. The best marketers think "out of the box" and Diane shows that you can really sell your house in a raffle!"

-Ali Pervex, International Best Selling Author, 'Get Your Black Belt in Marketing', www.blackbeltinmarketing.com

“What a great marketing tool! This is a hot new method to get a property sold. My clients love this idea—I already have my first raffle house lined up. I’ll use Diane’s process to get and sell more listings.”

Jack C. Rosemary – California Real Estate Broker, 26 years experience

“I attended Diane’s workshop on February 27th, and she’s got it all together. Not only does she know how to pull off a house raffle but you can tell that she was a teacher because she knows how to convey the information. She broke the process into bite-size pieces and gave us exercises to complete so we were involved. Before anyone attempts a house raffle, they should attend Diane’s workshop–there’s more to it than one could imagine.”

-Ron Thomas, Real Estate Investor for 20 years, Albuquerque, New Mexico