Raffle Prize Also Listed For Sale?

[Doc50]

I am like a lot of people like to play the lotto etc.

I saw a Krabi Home Raffle for a $600,000 house at a

Property to win .uk site on the internet.

Also saw it at win house .com

It is advertised at 77 Euros for one of 8,888 tickets to be sold.

The company is registered in Costa Rica and the

money is paid to the UK office when you buy by credit card.

I am suspect of all the different parts of the world this is being run by

to say the least. With no mention of this being approved or sanctioned in Thailand

mentioned in the literature.

But then the other day I see the same house, same photos, offering the same house for sale

at 28 Million baht for sale at a Exotic (sp) real estate company in Krabi.

So what is it is this house for sale or is it a prize in a Home Raffle?

Or is it an out an out scam?

What do you think?

[PNGinBKK]

Normally I would say that this is legit.

In the last few years there have been a number of instances where the owner of a property, desperate for a sale, will try this kind of "Win my house for a Quid" Deal.

The rules are normally simple:

Cost of house (e.g GBP 100,000) = number of GBP 1 tickets (100,000 tickets) to be sold.

IF, by the allotted draw date not all the tickets are sold the caveat will state that the winner will take 80% (or more) of the revenue earned from tickets sales.

If all the tickets are sold, then the seller gets what they wanted (price of the house), the winner gets a house for a quid.

Now, I started with this post with a NORMALLY.

Remember this is Thailand, therefor you should look carefully at the small print, accept nothing without legal advise and remember Thai's will always win!

[ukrules]

Sounds like a scam, all they have to do to make money is fail to sell enough tickets which is easy, they can just stop selling them if they reach anywhere near the 8,888 quantity.

Then if I'm correct they would process refunds to those that pester them for months, deducting a healthy percentage as a handling charge.

I've seen the exact same thing before on several occasions with luxury cars, houses, pubs, etc, etc all up for a raffle. I've never heard of anyone winning one of these before.

Also if the house is worth $600,000 why do they need to sell 8888 x 77 Euro = US$1,033,728 at todays rate, that's quite a profit for just owning a house and selling some raffle tickets.

Surely they could manage this on a lot less tickets, I guess it comes own to how greedy the operator is. In this case they appear to be very greedy.

[Doc50]

Normally I would say that this is legit.

In the last few years there have been a number of instances where the owner of a property, desperate for a sale, will try this kind of "Win my house for a Quid" Deal.

The rules are normally simple:

Cost of house (e.g GBP 100,000) = number of GBP 1 tickets (100,000 tickets) to be sold.

IF, by the allotted draw date not all the tickets are sold the caveat will state that the winner will take 80% (or more) of the revenue earned from tickets sales.

If all the tickets are sold, then the seller gets what they wanted (price of the house), the winner gets a house for a quid.

Now, I started with this post with a NORMALLY.

Remember this is Thailand, therefor you should look carefully at the small print, accept nothing without legal advise and remember Thai's will always win!

I would say the important thing that sticks out here is that the SAME house for sale, is the SAME house in the raffle. There is nothing mentioned of selling the Grand Prize there is nothing to that effect in the brief rules on the websites.

If the house sells before the raffle is over the ticket buyers are out and out ripped off, the house is gone, down the road, SOLD SOLD SOLD.

Where is the grand prize? There isn't one because they never intended for anyone to win.

This is a scam though and though.

Beware!!!!