A family from the UK has opted to raffle their £325,000 seaside home for £5 a ticket after struggling to sell it through conventional means. Jennie and John Bailey, the homeowners, made the decision to explore this alternative route in hopes of attracting a wider audience and generating interest in their property.
The couple initially listed their home in a popular coastal town but faced challenges in securing a buyer. After several months on the market with little success, they turned to the idea of a raffle as a creative solution. The Baileys believe that the raffle format not only offers a chance for someone to win a valuable asset at a low cost but also allows them to move on from their property more quickly.
The raffle is set to run for a limited time, with tickets available online. The couple has expressed excitement about the potential for community engagement and the opportunity for someone to own a seaside home at an affordable price. Proceeds from the raffle will go towards covering the costs associated with the home and supporting local charities. The Baileys hope to draw in participants from across the country, making the raffle a unique event in the real estate market.
