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Here's a way to sell a house.
RHemmings
Posts: 4,894 Forumite
Here's a way to sell a house for anyone having trouble.
Raffle the house. Assume the house is worth £180K. The way that the house is raffled is this. Each person buying the house chooses a number between 1 and 1000. And pays £30 for their entry. The last person who has a number all to themselves wins the house. Since there are 1000 numbers and you're putting down £30, then your chance of winning is 1 in 1000 (that you choose the winning number), and hence the £180K house would cost you, on average, £30,000. An absolute bargain.
So, what do you all think? Would you enter such a competition?
Raffle the house. Assume the house is worth £180K. The way that the house is raffled is this. Each person buying the house chooses a number between 1 and 1000. And pays £30 for their entry. The last person who has a number all to themselves wins the house. Since there are 1000 numbers and you're putting down £30, then your chance of winning is 1 in 1000 (that you choose the winning number), and hence the £180K house would cost you, on average, £30,000. An absolute bargain.
So, what do you all think? Would you enter such a competition?
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Comments
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This has been done before and I think there was a couple who got their fingers burned as they didn't sell enough tickets. That was just a straight raffle, not sure how the above works? How many tickets do you sell? And no I wouldn't gamble £30k to answer your questionWe all evolve - get on with it0
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This has been done before and I think there was a couple who got their fingers burned as they didn't sell enough tickets. That was just a straight raffle, not sure how the above works? How many tickets do you sell? And no I wouldn't gamble £30k to answer your question
I don't think it's been done my way. In my case I have a smaller number of numbers to choose from, and a smaller outlay. Surely my method should be much more attractive to potential investors than the raffles there have been before.
And it isn't £30K that you gamble. It's only £30, "thirty pounds" in words. £30 when there are only 1000 numbers to choose from, and the house is worth £180K. Does that sound better?0 -
Dont get it your selling a £180000 house for £30000 1000 x £30.00
am i missing something0 -
So you can't buy all 1000 numbers?"Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
yeah ill buy all the tickets and get the house for £300000
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that's not what he described, more than 1000 'entries' are possible, you just have to have the lowest number which only a single person owns. His odds of 1 in 1000 are thus wrong, either way no I wouldn't0
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If you're the first person to buy all thousand, you're also going to buy the "last" unbought one, in that 1000. Therefore I win. Can I have my house please Mr. Hemmings NOW!!"Mrs. Pench, you've won the car contest, would you like a triumph spitfire or 3000 in cash?" He smiled.
Mrs. Pench took the money. "What will you do with it all? Not that it's any of my business," he giggled.
"I think I'll become an alcoholic," said Betty.0 -
he doesn't say that the raffle ends when all numbers are sold though, he probably meant to but it's ill thought out so probably they forgot0
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Bonkers.
There was something similar in the local paper. Never heard any more about it.
If the house is that great someone will buy it, without all the hassle of organising a lottery.Been away for a while.0
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