• Home
• Deals
• Walk Score
• Search for Homes
• Subscribe
• About
• Contact

Really Simple Syndication

Downtown San Diego Buildings

Categories

• Bayside
• Blogging
• BOSA Development
• Buying
• Carnival Of Real Estate
• City Life
• Denny Oh
• Downtown
• Events
• Featured Listings
• Foreclosures
• Geek Estate
• Health and Fitness
• Miscellaneous
• Nightlife
• Prudential California Realty
• Real Estate Finance
• Real Estate News
• Rent
• Restaurants
• San Diego Real Estate Deals
• San Diego Rentals
• San Diego Sales Statistics
• Selling
• Seminars
• The Grande
• Videos

Real Estate Blogs

• Geek Estate Blog
• Real Estate Tomato
• Tomato Blogs

Resources

• CCDC
• City of San Diego
• Find Your School
• Get a Pothole Fixed
• Golf Courses
• SDG&E
• Zoning

Archives

Select Month September 2010 August 2010 July 2010 June 2010 May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007 August 2007 July 2007 June 2007

Winner Winner…Chicken…Home Owner?

February 4th, 2009 categories: Real Estate News

0053249….WINNER!!  No, this raffle wasn’t for an iPod, or a massage or even a weekend getaway…it was for a house!  As sellers are getting more and more desperate to sell, some are pursuing creative ways to advertise their homes.  In the US and throughout Europe, people are actually holding raffle contests to get their homes sold.

According to the Spiegel Online International, a number of European home sellers, specifically in Austria, are trying to raffle off their homes.  One home owner in Austria sold raffle tickets at $128 a piece, in order to sell her $1 million villa.  The Spiegel reported that the seller offered 9,999 tickets, but there was so much interest, approximately 18,000 tickets were sold – the last 8000 or so were given refunds.  In the end, Traude Daniel sold her luxury villa to Walter Egger for $128. 

A recent New York Times article shows that many others have attempted to sell their homes this way, but not everyone has been successful.  Here in the US, most states prohibit people from raffling off real estate, as it’s considered to be gambling.  The article points out that some states will allow it, but only if the home owner partners up with a nonprofit organization and if the seller does not make more than what the home appraises for.

In a time where banks are stingy and and buyers are looking for deals, maybe this marketing tactic is what sellers need.  For more information, please contact Denny Oh at 858–243–2092 or denny@sandiegoh.com. 

 

Click here to see what others are saying…

Click here to search homes that are currently for sale.

This entry was posted on Wednesday, February 4th, 2009 at 7:09 pm and is filed under Real Estate News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

1. mark February 9th, 2009 at 7:12 am

   Denny– very interesting article. I guess sometimes it is better to think outside the box!

2. Denny Oh February 9th, 2009 at 10:36 pm

   Thanks Mark. I’m not sure this trend will catch on, but I guess we’ll see.

3. Keahi Pelayo February 18th, 2009 at 12:41 pm

   A raffle is a sign of a panicky seller.
   Aloha,
   Keahi

4. Denny Oh February 20th, 2009 at 1:31 pm

   Raffle’s can be a sign of a panicky seller, but it sounds like in these cases, the homes sold for what the seller was trying to get – not below asking price.

   I don’t think it’s a great idea for everyone, or every home, but it’s interesting.

Leave a Reply

Name (required)

Mail (will not be published) (required)

Website