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mansion raffle - tickets £2

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A father-of-two who struggled to find a buyer for his six-bedroom mansion is selling it in a raffle for £2 a ticket. Dunstan Low is hoping to sell half a million tickets in order to fetch the askin… Read More
seb Avatar
4m, 1w agoPosted 4 months, 1 week ago
A father-of-two who struggled to find a buyer for his six-bedroom mansion is selling it in a raffle for £2 a ticket.

Dunstan Low is hoping to sell half a million tickets in order to fetch the asking-price for Melling Manor in Lancashire...
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seb Avatar
4m, 1w agoPosted 4 months, 1 week ago
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#2
bought the property for £435,000
'His initial asking price was £800,000 but he had to take it off the market after receiving no offers.
'The family then decided to put it up for sale again in December for £845,000, but soon-after dropped the price to offers over £650,000.


'The raffle will be drawn on August 1 this year, unless Mr Low sells the house, which is still on the market. '

Bit greedy, guys not happy because him living in it for 6 years obviously added over 410,000 of value in his estimation, and people wont pay what he wants, he would like to raffle it off to reach his set price but will keep it on the market just in case he gets more, whichever gives him the most return..you would be a fool to buy tickets in this, no doubt it falls apart and with payment fees etc nobody is getting anywhere near the full amount back, schemes like this have been a disaster in the past


EDIT: Have checked out his site, they done some renovation work, and he has stated
'We have sent written notice today to remove the property from our standard estate agency listing in order to fully focus on running this competition, we hope to have the listing removed within the next 7 days'

Might be worth the £2 to you, with the exposure its getting it will probably reach the amount, but at the same time he would be getting near a million for a home thats not worth 650,000 (market value). Just do the lotto as least some of that goes to good causes





Edited By: stoney_Jedi on Feb 11, 2017 12:16: f
1 Like #3
stoney_Jedi
bought the property for £435,000
'His initial asking price was £800,000 but he had to take it off the market after receiving no offers.
'The family then decided to put it up for sale again in December for £845,000, but soon-after dropped the price to offers over £650,000.
'The raffle will be drawn on August 1 this year, unless Mr Low sells the house, which is still on the market. 'Bit greedy, guys not happy because him living in it for 6 years obviously added over 410,000 of value in his estimation, and people wont pay what he wants, he would like to raffle it off to reach his set price but will keep it on the market just in case he gets more, whichever gives him the most return..you would be a fool to buy tickets in this, no doubt it falls apart and with payment fees etc nobody is getting anywhere near the full amount back, schemes like this have been a disaster in the past
EDIT: Have checked out his site, they done some renovation work, and he has stated
'We have sent written notice today to remove the property from our standard estate agency listing in order to fully focus on running this competition, we hope to have the listing removed within the next 7 days'
Might be worth the £2 to you, with the exposure its getting it will probably reach the amount, but at the same time he would be getting near a million for a home thats not worth 650,000 (market value). Just do the lotto as least some of that goes to good causes
A peronality policeman patrolling our streets in MISC. The man just wants to sell his own house, and a tool to sell it of his choice is a raffle. That's all.
#4
Really nice competition, better odds than National Lottery
#5
stoney_Jedi
bought the property for £435,000
'His initial asking price was £800,000 but he had to take it off the market after receiving no offers.
'The family then decided to put it up for sale again in December for £845,000, but soon-after dropped the price to offers over £650,000.
'The raffle will be drawn on August 1 this year, unless Mr Low sells the house, which is still on the market. 'Bit greedy, guys not happy because him living in it for 6 years obviously added over 410,000 of value in his estimation, and people wont pay what he wants, he would like to raffle it off to reach his set price but will keep it on the market just in case he gets more, whichever gives him the most return..you would be a fool to buy tickets in this, no doubt it falls apart and with payment fees etc nobody is getting anywhere near the full amount back, schemes like this have been a disaster in the past
EDIT: Have checked out his site, they done some renovation work, and he has stated
'We have sent written notice today to remove the property from our standard estate agency listing in order to fully focus on running this competition, we hope to have the listing removed within the next 7 days'
Might be worth the £2 to you, with the exposure its getting it will probably reach the amount, but at the same time he would be getting near a million for a home thats not worth 650,000 (market value). Just do the lotto as least some of that goes to good causes

That's illegal isnt it, essentially its no guaranteed prize. So its not a prize a draw its a charity donation to a rich man
#6
People should be asking why he can't sell the property. He has dropped the price, but it still doesn't sell. Is there some some underlying reason why it's not selling?
#7
If nobody would pay 650,000 for it, then market value dictates its not worth that. He is aiming for way over that with the raffle, usually when I enter a raffle that makes a massive profit, I like to see it go to charity instead of someones pocket! On top of that he is hedging his bets, so even if he made £800,000 from the raffle and had 400,000 people invested in the scheme he would still sell out to a higher bidder, disgraceful greedy behaviour!

Edited By: stoney_Jedi on Feb 11, 2017 14:07
#8
Its a fracking area. Carnforth LA6

Edited By: Error440 on Feb 11, 2017 14:12
#9
stoney_Jedi
If nobody would pay 650,000 for it, then market value dictates its not worth that. He is aiming for way over that with the raffle, usually when I enter a raffle that makes a massive profit, I like to see it go to charity instead of someones pocket! On top of that he is hedging his bets, so even if he made £800,000 from the raffle and had 400,000 people invested in the scheme he would still sell out to a higher bidder, disgraceful greedy behaviour!


mot really it's just stupid people who buy the raffle tickets in haven't read into this but it is suggestive that he will keep the money if It sells on a different platform. I suppose he's trying be clever bit of a pyramid scheme to me say he gets 200000 stupid people when would make 400000 and then just sell it to some else for less and he would still be a winner. without the rules and regulations it's just one of them quick rich schemes being promoted by the media yet again.
#10
MynameisM
stoney_Jedi
If nobody would pay 650,000 for it, then market value dictates its not worth that. He is aiming for way over that with the raffle, usually when I enter a raffle that makes a massive profit, I like to see it go to charity instead of someones pocket! On top of that he is hedging his bets, so even if he made £800,000 from the raffle and had 400,000 people invested in the scheme he would still sell out to a higher bidder, disgraceful greedy behaviour!


mot really it's just stupid people who buy the raffle tickets in haven't read into this but it is suggestive that he will keep the money if It sells on a different platform. I suppose he's trying be clever bit of a pyramid scheme to me say he gets 200000 stupid people when would make 400000 and then just sell it to some else for less and he would still be a winner. without the rules and regulations it's just one of them quick rich schemes being promoted by the media yet again.


That's exactly what I thought when I read the original post.
He'll do a runner with both cash pots from the sale of the house and the raffle.
#11
"We also allow free written entry by 1st class post, and all entries either paid or free will be treated equally."
#12
I'm pretty sure you can't legally do this.
banned#13
I dont even know the style?

Can see it being repossessed OR him using current sales to support his mortgage
#14
I hope he has a licence from the gambling commission.

if not the funds from the house sale wont even cover his legal bills.

just had a look at his website, no mention of being licenced or having the required details on the site

Edited By: eset12345 on Feb 13, 2017 06:22

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