Archive for January, 2012

Jan
30

Winner Takes the Cash!

Posted by: | Comments Comments Off on Winner Takes the Cash!

Why would the winner in a house raffle take the cash prize alternative instead of the grand prize home?

There are several reasons. The winner’s financial situation may dictate the need for money to pay off debts or even update their current home. Another reason is that with any winnings the IRS will tax the winner on the value of the prize. The winner may find it easier to pay the IRS taxes if they take the cash option instead of the home. In most cases the cash prize is less than the value of the home, but it’s ready money and some people who already have a home prefer cash.

In the most recent Desert Academy House Raffle, the winner of the grand prize home took the cash.  The owners of the grand prize home will offer the home at a discounted price for 30 days starting Feb. 5.

To your success!

Diane Giraudo-McDermott

Categories : Just the Tips
Comments Comments Off on Winner Takes the Cash!

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