Archive for May, 2012


Do I need an attorney?

Posted by: | Comments Comments Off on Do I need an attorney?

I’m often asked by nonprofits if it’s necessary to hire an attorney if they want to do a house raffle fundraiser. People who purchase homes, don’t necessarily hire an attorney. So for the most part, it is not necessary to hire an attorney in order to  purchase a home through a house raffle. The primary legal document consists of a real estate purchase agreement with a few contingencies. For example, the nonprofit does not sell enough tickets to pay for the home, then what? The winner takes the cash prize alternative instead of the home, then what? And the contingency that the nonprofit will set-up an escrow account to hold all the funds coming in from ticket sales. This last contingency protects the homeowner from a nonprofit that may start spending the money during the raffle time-frame.

Therefore, hiring an attorney is not necessary, but if board members of a nonprofit have never purchased a home, the help of a real estate agent or a real estate attorney may be useful. Check out Step 9 in my book, titled, “Sealing the Deal.”

To your success!

Diane Giraudo McDermott

Categories : Just the Tips
Comments Comments Off on Do I need an attorney?

What Can You Do If Your House Does Not Have a Wow Factor!

Posted by: | Comments Comments Off on What Can You Do If Your House Does Not Have a Wow Factor!

What a beautiful weekend here in New Mexico–blue skies, sunshine, and not too hot. And if you missed the Clipper verses Spurs game on Saturday, it was something to see. I don’t watch football–don’t understand the game and it’s too slow for me, but I love to watch basketball. At the end of the first quarter, the score was Clippers 33 with the Spurs trailing at 11. Final wrap up was Spurs 96 to Clippers at 86 — amazing turnaround.

So down to business–you want to raffle your home but it doesn’t have that wow factor. You can give it a wow factor, and here are a few simple ways:  Install wide baseboards painted pure white, and paint the walls something like a Cottage White by Behr. This Cottage White is a creamy white with a golden tone that will make the baseboards look rich. Replace outdated tile, or carpet, and add color to your landscape. You will be amazed at what a few changes can make.

Lastly, get rid of any clutter. If the piece of furniture is not essential, take it out–store it somewhere. For example, bedroom should have a bed, a dresser, and maybe a chair. That’s it. Move out the TV, the exercise equipment, and other items. In the kitchen, the counter tops should be almost bare except for a few items such as a set of cookbooks, a plant, or a decorative pitcher. If you have a microwave sitting on the counter, or a toaster or mini-oven, put them away.  Think of it this way — imagine your house is new and empty, now you want to stage it for selling. What pieces would you bring in to show it off, not what pieces would you move in to live in the home. So move out or hide those extra pieces you use to live in the home, and arrange the home to show off its best assets.

Many homes do have a wow factor if the homeowner is willing to make a few changes.

Living Room Desert Academy Prize Home

To your success!

Diane Giraudo McDermott

Categories : Just the Tips
Comments Comments Off on What Can You Do If Your House Does Not Have a Wow Factor!

What’s my first step?

Posted by: | Comments Comments Off on What’s my first step?

A homeowner struggling to get their home sold writes, “I give up, my house appraised for $300,000, so I put it on the market for $300,000 and I’ve gotten 2 offers – one buyer wants me to carry the mortgage and the other offered $60,000 below the appraised value.  What’s my first step in raffling off this house?” The first step is to find out if raffles are legal in your state. Then make sure your home would make for a great grand prize. Does it have a wow factor? Ask ten friends if they would risk $100 to win your home.

To your success!

Diane Giraudo McDermott

Categories : Just the Tips
Comments Comments Off on What’s my first step?

I’m Back!!

Posted by: | Comments Comments Off on I’m Back!!

We all can use a break from electronics that have become such a major part of our lives. I had the luxury of taking a full vacation away from it all  in the sweet city of  Ashland, Oregon. Ashland sits at the base of the Cascade Mountains, with approximately 20,000 population — home of many live theaters, the Shakespeare Festival, beautiful parks, art galleries, great restaurants, and a slower way of life. I rented a lovely spot near the plaza and enjoyed Yoga, long walks, healthy eating, and good friends. It was great!

I see that House raffles continue to spread throughout the U.S. as a means to raise funds for nonprofits, get a home sold, and people love the game of winning a prize.  Check out Comer Children’s Hospital, 23rd House of Dreams Charity Raffle. The home is worth one million or you can take one million cash instead. You might ask, how does the owner of the home get the home sold if the winner takes the cash? The answer is that the nonprofit can purchase the home from the owner prior to the start of ticket sales, or the owners can agree to accept a holding fee from the nonprofit if the winner takes the cash. Then the owners can reduce the price of the home by the value of the holding fee for a quick sale on the open market.

Prize Home Kitchen

An excellent grand prize must have a wow factor. Simply, when people walk into the home, they say, “Wow, that’s a beautiful fireplace, or wow, that’s a neat kitchen.” So now this same wow factor will be a plus to the owners selling the home on the open market.

To your success!

Diane Giraudo McDermott

Categories : Just the Tips
Comments Comments Off on I’m Back!!

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',

“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