Home owner whose property fails to sell after a year raises the price

So, your house has been on the market for a year, and is currently on at Knight Frank for £875,000.

What do you do?

Take a pair of scissors to the price, obviously.

Or you could decide to raise the price to £1m and sell it via a raffle.

Which is what retired teacher turned hat-maker Patricia Hamilton is doing with her “very unique” property near Bristol.

We see Knight Frank, who have had it since June, describe it as “extremely flexible” – which is usually estate agent speak for ‘blimey, this is odd’.

But what of Patricia’s own odds? Remote, we’d say.

She will need to sell 500,000 tickets to meet her £1m target – and she hopes the raffle will be concluded inside six months.

We think that’s probably a tall order given that she’d have to sell several thousand tickets a day to almost 1% of the population.

The winner – if there is one – will have Stamp Duty paid for them.

https://www.winmyhouse.online/

http://www.rightmove.co.uk/property-for-sale/property-67086443.html

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2 Comments

  1. J1

    It never works

    he won’t sell enough tickets and will be left with a situation that people want their money back

    These schemes always backfire

     

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  2. NickTurner

    Pill, Pill, I love thee still,Even though I’m leaving ‘ words made famous by Adge Cutler and the Worzels all those years ago.

    Good that Pill has a property for sale but I wonder what the ASA will think of a vendor stating her house is ‘valued at over £1 million’. Who did the valuation and why value it at that amount now unless of course there is more land/and/or additional buildings now  to that being offered by Knight Frank for a year at £875K.

    I wish the owner good luck but suspect she will not get what she wants even though initial publicity will catch the media attention.

     

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