The housing slump calls for a raffle

January 7th, 2009 by Michael Anderson

Sellers are getting ever more creative when it comes to attracting buyers. Many tactics are becoming prevalent throughout the industry including luxury car incentives, free weekend stays, and HDTVs — to name a few.  We think home raffles take the cake when it comes to creativity.

Tom and Dianne Walters are selling $50 tickets to the public in hopes of raising enough to pay off the loan on their log cabin in Edgewater, Md. They need to sell 27,000 tickets for the January 26 drawing; more than 22,700 have been sold.
- USA Today

Hmm. Looks like the new game of chance is winning a home for 50 bucks. With much better odds than the lottery, why wouldn’t people buy tickets? I’m thinking it’s time to pick up a ticket for myself.


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