Omaze, win a house??
Discussion
rigga said:
FilH said:
Won the 3million house , and up for sale for 4 million, good luck
https://www.ladbible.com/news/3m-mansion-winners-s...
To be fair I wonder how many winners actually do move and live in their new homes they've won.https://www.ladbible.com/news/3m-mansion-winners-s...
I wanted that house as I love Cornwall, but doubt I'd live in it full time.
Quite optimistic of the Cornwall sellers, I wonder a) what the estate agent recommended, and b) what Omaze paid? I'd think most people would want to put it up for a realistic price to get the cash sooner rather than later.
Omaze saying the next house will be in the Lake District. They've not revealed any further details, other than their fairly abstract map suggests it's close to Windermere.
Wonder if it's this...
https://www.rightmove.co.uk/properties/126208520#/...
Wonder if it's this...
https://www.rightmove.co.uk/properties/126208520#/...
MitchT said:
Omaze saying the next house will be in the Lake District. They've not revealed any further details, other than their fairly abstract map suggests it's close to Windermere.
Wonder if it's this...
https://www.rightmove.co.uk/properties/126208520#/...
Another Grand Designs bankruptcy disaster.Wonder if it's this...
https://www.rightmove.co.uk/properties/126208520#/...
https://www.greatbritishlife.co.uk/things-to-do/do...
It seems Omaze have added a £10/month subscription option with 30 or 60 entries for £10, depending on how many draws are running. It's quite tempting but I'm not sure I'd want to win some of the houses - the one in Marbella might cost you a fair bit to manage if you didn't live there.
Mr Pointy said:
It seems Omaze have added a £10/month subscription option with 30 or 60 entries for £10, depending on how many draws are running. It's quite tempting but I'm not sure I'd want to win some of the houses - the one in Marbella might cost you a fair bit to manage if you didn't live there.
I wouldn't want any of them. I don't need any of them. I'd immediately auction them in a no reserve auction and spend the money on something else. That's the option open to any winner. I wouldn't expect every winner to move into a house they couldn't normally afford.Why wouldn't you do the same? Surely it's not the hassle of going through a simple sales process to net half a million quid or more?
Unreal said:
Mr Pointy said:
It seems Omaze have added a £10/month subscription option with 30 or 60 entries for £10, depending on how many draws are running. It's quite tempting but I'm not sure I'd want to win some of the houses - the one in Marbella might cost you a fair bit to manage if you didn't live there.
I wouldn't want any of them. I don't need any of them. I'd immediately auction them in a no reserve auction and spend the money on something else. That's the option open to any winner. I wouldn't expect every winner to move into a house they couldn't normally afford.Why wouldn't you do the same? Surely it's not the hassle of going through a simple sales process to net half a million quid or more?
Whatever the costs of selling then it is likely to be a good win.
Sale price minus costs of selling would still be decent from a foreign property. It’s a prize that cost peanuts for a ticket(s).
Even taking a, say, 25% hit on potential value for a quick sale is a good result.
I haven’t entered any personally yet......
IfI did and won then selling is the likely option. None of the houses attract me to move there or keep and rent out. Rather have the cash from a reasonable quick sale.
Sale price minus costs of selling would still be decent from a foreign property. It’s a prize that cost peanuts for a ticket(s).
Even taking a, say, 25% hit on potential value for a quick sale is a good result.
I haven’t entered any personally yet......
IfI did and won then selling is the likely option. None of the houses attract me to move there or keep and rent out. Rather have the cash from a reasonable quick sale.
Edited by sospan on Monday 31st October 18:47
Mr Pointy said:
Unreal said:
Mr Pointy said:
It seems Omaze have added a £10/month subscription option with 30 or 60 entries for £10, depending on how many draws are running. It's quite tempting but I'm not sure I'd want to win some of the houses - the one in Marbella might cost you a fair bit to manage if you didn't live there.
I wouldn't want any of them. I don't need any of them. I'd immediately auction them in a no reserve auction and spend the money on something else. That's the option open to any winner. I wouldn't expect every winner to move into a house they couldn't normally afford.Why wouldn't you do the same? Surely it's not the hassle of going through a simple sales process to net half a million quid or more?
Unreal said:
DonkeyApple said:
That isn't correct. There is a specific reason for donating a percentage to charity. My partner and I were the people who had the rules for this legally defined. Unfortunately it being so long ago I cannot recall the specific reason for the charity donation element and what it helps you avoid.
If I roughly recall it was a get around for the game of skill element required to define it as a completion over a raffle.
Re payment gateways, back in 2008 Stripe didn't exist and there was no legitimate way to process such payments safely as they were either classified as gambling or as high chargeback risk. The only two options were to use the offshore systems set up for porn and gambling but many U.K. cards declined these systems or to use the electronic DD but that had obvious barriers to entry issues.
You can trace back the explosion in competition sites beyond BoTB to the point when efficient payment processing became plausible.
Nope. No charity donation is required to run a prize draw. Point to the legislation if you disagree. There may be different rules around lotteries - I wouldn't know.If I roughly recall it was a get around for the game of skill element required to define it as a completion over a raffle.
Re payment gateways, back in 2008 Stripe didn't exist and there was no legitimate way to process such payments safely as they were either classified as gambling or as high chargeback risk. The only two options were to use the offshore systems set up for porn and gambling but many U.K. cards declined these systems or to use the electronic DD but that had obvious barriers to entry issues.
You can trace back the explosion in competition sites beyond BoTB to the point when efficient payment processing became plausible.
Working with a Charity gives them tangible advertising and moral public support to buy tickets. They use the partnered Chairty platforms to advertise as well as their own which works both ways in raising awareness of the Charities work. Of the money raised they donate a large proportion to the charity as set out under the CPA and are able to take some monies to cover the administration and prize handling (i.e buying the house) for themselves.
Unreal said:
Mr Pointy said:
Unreal said:
Mr Pointy said:
It seems Omaze have added a £10/month subscription option with 30 or 60 entries for £10, depending on how many draws are running. It's quite tempting but I'm not sure I'd want to win some of the houses - the one in Marbella might cost you a fair bit to manage if you didn't live there.
I wouldn't want any of them. I don't need any of them. I'd immediately auction them in a no reserve auction and spend the money on something else. That's the option open to any winner. I wouldn't expect every winner to move into a house they couldn't normally afford.Why wouldn't you do the same? Surely it's not the hassle of going through a simple sales process to net half a million quid or more?
All these comps are effectively lotteries. How many tickets are sold, I.e. what are the odds of winning?
Might be better off buying a lottery ticket or whatever else is out there.
End of the day, you pay £x for a 1 in N chance of winning something of the value of £y.
Mr Pointy said:
It seems Omaze have added a £10/month subscription option with 30 or 60 entries for £10, depending on how many draws are running. It's quite tempting but I'm not sure I'd want to win some of the houses - the one in Marbella might cost you a fair bit to manage if you didn't live there.
I’ve signed up and started this last month after noticing the subscription option. It’s a bit of fun and if you did actually win, you could get a decent break for a week or 2 in the property before deciding what to do. Sell up would be the most popular one I would imagine.So £10 last month got me 30 entries to the Marbella house and the mclaren GT ( mclaren now gone) this month £10 got me another 30 entries for the Marbella House plus 30 entries for the Lake District house and associated early bird prizes. Not bad really in my opinion.
Have got a couple of tickets for the Marbella house, if I won it, would probably stick it straight on sale for market value under the expectation it'll take a while to sell, if it sold quickly; good, if not; have a holiday home you can go to every few months until it sells, and your family/friends could use as well to keep it occupied.
Also just seen the last Lake District house is up on a holiday rental site starting at £5k a week:
https://www.originalcottages.co.uk/lake-district-a...
Also just seen the last Lake District house is up on a holiday rental site starting at £5k a week:
https://www.originalcottages.co.uk/lake-district-a...
Edited by KingNothing on Thursday 3rd November 14:00
LeadFarmer said:
I assume the winner would have to pay council tax on the property until it is sold? If using it for a bit of a holiday first then they would have to set up accounts with energy providers etc. Could be expensive if it takes ages to sell to get that money back.
I mean yeah you’d need a couple thousand liquidity before getting your £3m back later. Is it that much of an issue?jakesmith said:
LeadFarmer said:
I assume the winner would have to pay council tax on the property until it is sold? If using it for a bit of a holiday first then they would have to set up accounts with energy providers etc. Could be expensive if it takes ages to sell to get that money back.
I mean yeah you’d need a couple thousand liquidity before getting your £3m back later. Is it that much of an issue?Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff