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Raffling Off a Humble Abode
Raffles for gift baskets, car washes, or a belt-busting meal at a local restaurant are all old hat, but this is one big-ticket item you might want to check out. One hundred bucks (and a bit of luck) could soon net you a five-bedroom home in Arizona.
Joseph and Loriann Gaunt were having trouble selling their home in this down market. Part-time real estate agent Loriann came up with the ingenious idea to sell $100 raffle tickets to stir up interest in their home. They’re now on the search to partner with a non-profit agency (required by state regulations) to share in the money over their $400,000 goal.
The Gaunts will also throw in a leather sofa, dining room table, pool table, pinball machines, beds and two flatscreen televisions on top of the $197,200 appraised home. Just think—winning means paying $20 per bedroom! (Of course, you'll be up against 4,000 other home-buying gamblers.)
Does this sound like a viable idea in these desperate times? Would you drop some cash on the chance of scoring big on buying a home? [The Arizona Republic]