Jun
24

A Successful House Raffle

By

Hello All,

I spoke to the National Wheel Chair Basketball Association and they successfully completed their house raffle with a grand prize winner of the home. In other words, they successfully sold enough tickets to award the grand prize. My congratulations to them–yeah!

I also took some time to check out their house raffle website and it was very well done. The viewer could easily click on a variety of topics to get all their questions answered. And all the rules were available for ticket buyers to read. In my opinion, the Better Business Bureau was over the top picky with this nonprofit. It was obvious that the BBB does not know the basics of a house raffle. If they had known the basics,  they would not have complained that the grand prize might not be awarded.

Basics of a house raffle: Nonprofit sells tickets to raise money for their cause and out of the proceeds, they will pay the owner of the grand prize home, for the home. In the contract between the nonprofit and the homeowner it will state that if not enough tickets are sold, they will not purchase the home, and the ticket buyers will get their money refunded.

OR , they may have an alternative action which is to split the money that came in with the winner. This is normal, basic 101 house raffle stuff. So  for the BBB to complain that the prize might not be awarded  is absurd.

In some instances, a homeowner will donate their home to the nonprofit–that is an exception.  In some instances, the nonprofit has enough funds to purchase the home outright before the start of ticket sales–that is an exception.

To your success!

Diane Giraudo McDermott

 

Categories : Just the Tips

Comments are closed.

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