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Subject:
Selling my property via a raffle
Category: Business and Money > eCommerce Asked by: essexgirl-ga List Price: $5.00 |
Posted:
10 Jan 2006 02:16 PST
Expires: 09 Feb 2006 02:16 PST Question ID: 431443 |
I live in the UK and own a property in Spain. I would like to raffle my Spanish property and I want to know what is legally required of me to do this. For example, could I set up a web site to allow this to happen and could I charge people for each entry they make. I was thinking of around £3 for each entry. If the price of the property were not reached could I have terms and conditions that agree to return the the money they have spent minus the credit card costs? Please note I am in the UK and am interested in UK law regarding lottery or raffles of property. |
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There is no answer at this time. |
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Subject:
Re: Selling my property via a raffle
From: myoarin-ga on 10 Jan 2006 04:40 PST |
How are you going to demonstrate that the raffle is bonafide: that there is really a property to be won; that you will actually transfer ownership to the winner; and how the winner will be chosen? |
Subject:
Re: Selling my property via a raffle
From: frde-ga on 10 Jan 2006 05:40 PST |
I am pretty sure that people are not allowed to hold raffles in the UK You can have 'no proof of purchase' draws Also you can have competitions involving 'skill and judgement' - like: 'what is the name of my dog Fido ?' Many years ago I used to work for a company that devised and ran such competitions, and I am pretty sure that the rules have not changed. Incidentally Church Bazaar raffles were (and now are) not strictly legal. |
Subject:
Re: Selling my property via a raffle
From: essexgirl-ga on 10 Jan 2006 06:59 PST |
I don't know any way to prove to people that the raffle is 100% bonafide. Other than that is, actually transferring the property to the winner or, some percentage of the takings if some reserve value is not reached. There is a property and I do own it so if anyone really wanted proof I could provide paperwork or they could go to Spain and view the apartment, write or telephone my Spanish lawyer or do all of the above. We have been looking on the internet and can see it is possible to have a competition - ie where as you say frde-ga, you pose a question that is so easy everyone knows the answer. This gets around the fact that lotteries/raffles are actually not legal unless run by the council or the government, (according to my research so far). |
Subject:
Re: Selling my property via a raffle
From: myoarin-ga on 10 Jan 2006 10:46 PST |
That is the problem, Essexgirl, proving that the whole thing is not a scam (sorry to have to use the word). Even it were legal, or you set up your website somewhere where that didn't matter (but that would make it look even more suspicious), I see that as a great difficulty. And even if you could document everything to people's satisfaction, how would you hold the drawing. There is a good reason why lottery drawing are shown on TV with a notary present, it is still the only way to demonstrate the clean element of chance. And even then - what if the winner does some investigating and decides that he doesn't want buy - probably plus the expense of going to Spain to close the transfer? Sorry, I just see problems. Regards, Myoarin |
Subject:
Re: Selling my property via a raffle
From: essexgirl-ga on 10 Jan 2006 17:31 PST |
I have a few ideas to help me build credibility, but you are right. People who distrust everything will find it difficult to believe, so they won't enter and definitely won't win. I would not travel to Spain to verify a £3 spend myself. But I do have to try something different as despite the fact that the property is totally amazing - it really is, and if I were to sell it, it is great value for money too - there are *so* many apartments for sale in this area of Spain that finding a buyer the usual way is going to take too long for me. For many people owning a thing like this is simply out of reach, so for a small stake someone might get the chance to change their lives. That said, of course if I can't persuade enough people to do it, like you say it won't work. But I don't have much alternative. I will give it a try if it is legal. You are pointing out how difficult it is - I just need to find out what is legal. |
Subject:
Re: Selling my property via a raffle
From: thumb-ga on 14 Jan 2006 07:53 PST |
Just a suggestion as I know nothing about UK law. But to give it some sort of credibility could you join up with the local boy scouts or some group. Give them a % of the proceeds. I know in the states this is a way of getting around raffle laws. I have also heard of raffles where you must provide an essay of why you want to own an apartment in Spain? Then it becomes a judged thing taking away the drawing aspect. |
Subject:
Re: Selling my property via a raffle
From: essexgirl-ga on 14 Jan 2006 08:41 PST |
Thanks thumb-ga - the essay is a good idea but would probably put people off as it means work! However, I will give it some more thought - I do like the idea bit would people want to pay and write an essay?! I think giving some part of what is taken to a homelessness charity wiss a good idea - perhaps Crisis. I have to get creative to get my apartment sold one way or another. |
Subject:
Re: Selling my property via a raffle
From: jez127-ga on 04 Feb 2006 03:41 PST |
Essex Girl. I would be quite interested on how you get on with your raffle. I think you're idea is very creative and appealing. I know a lot of people have given you reasons why it shouldn't work but I think you should focus on it working. People go out every week and by lotto tickets when the odds on winning are Millions to 1.. I personally would prefer to pay £3 with the chance to win a property in Spain. The odds would be much better than buying a lotto ticket. I heard the Euromillions odds are 75million to one and people still by tickets. I would encourage you to see this through despite the obstacles (which I must add are not based on reality as no-one has done this previously)that are in front of you. Please let me know howyou get on I would be interested in a ticket. |
Subject:
Re: Selling my property via a raffle
From: essexgirl-ga on 06 Feb 2006 07:59 PST |
Thanks for your comments - I will write the website for this but it will take some time. I will be in Spain in April and the idea is to get enough photos of not just the apartment, but also the views from its balconies and the lifestyle you experience as a property owner. Ie leisure time, where you eat out, shopping, culture etc. I aim to have it finished by June. I will post back here so you can see it for yourself. |
Subject:
Re: Selling my property via a raffle
From: nerrad-ga on 11 Feb 2006 14:22 PST |
Would it be possible to ask for a £3 donation towards the running costs of the site promoting house. You could then say that you will donate the house to the person who makes, say, the 100,000th donation. Don't know if this gets around any laws, just a suggestion. |
Subject:
Re: Selling my property via a raffle
From: zignik-ga on 01 Mar 2006 08:25 PST |
It is illegal to set up a lottery or raffle in the UK. The reason for this is to protect monies that go to charities etc. To get around these regulations you will need to introduce an element of skill and the selection of the winner cannot be based on chance. |
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