“The raffle idea had come to her in a burst of inspiration, she said. But she is not the only homeowner to have turned to some version of this unorthodox approach in recent months. As the economy has worsened and the real estate market has continued to slump, a number of Americans have been using raffles and competitions — latter-day versions of the old rent party, only now with a profit motive for the guests — in a last-ditch effort to raise money and unload a house. And as mortgages have become harder to obtain, some would-be homeowners are being tempted by the chance — a small one, but with better odds than most lotteries — to own a house without dealing with a bank” (though the victors must pay taxes on their winnings). via NYTimes.com.
Are you finding it hard to sell your home? The newest idea is to raffle your home instead of using a real estate broker. I’m not sure about this one but I’ll let you decide.
- Another 5 Star Downtown Boston Real Estate Client
- Downtown Boston real estate owners how to save water in your condo
- 5 Basic Marketing Strategies Every Downtown Boston Real Estate Company Should Know
- Boston Beacon Hill condo prices Summer 2019
- Boston condos for Sale: Back Bay condo prices
- Coming Soon for Sale: Charles River Park condo 2 Hawthorne Place # 7o
- Boston downtown real estate buyers do you know what PMI is?
- Downtown Boston real estate and decorating ideas for your home
- How to research Boston downtown real estate
- Moving to new downtown Boston neighborhood? Tips to help you adapt
- Buying Boston downtown real estate. Why is there so much paper work?
- Downtown Boston real estate owners can be inspired by these kitchen ideas
- Boston downtown real estate: 7 must have Apps
- Downtown Boston real estate: 5 compelling reasons to sell this Summer
- Downtown Boston real estate for sale under $2,000,000