logo
Would you gamble your home? The risks and rewards of raffling a house

Would you gamble your home? The risks and rewards of raffling a house

Times24-06-2025
W hen Natalie Rowcroft and her husband, Bradley, resolved to relocate to Brisbane, Australia, with their three children, they decided against putting their five-bedroom home in Salford, Greater Manchester, on the market. Instead they chose to raffle it, charging £2 a ticket.
Pretty much overnight, their lives were transformed, with numerous live Facebook videos turning them into minor celebrities — and helping them to sell 200,000 tickets. 'It was entertainment,' Rowcroft, 38, says of the period in which their novel house-selling method hit the headlines. People 'absolutely loved it'. The couple even threw in the family car.
Their experience in 2020, during the homebuying frenzy of the pandemic, was an early — and successful — example of a way of doing a deal that appealed to both sellers, put off by the time it was taking overwhelmed estate agents to get sales over the line, and 'buyers' dreaming of striking it lucky.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Australia's Insignia agrees to $2.2 billion takeover by CC Capital, ending bidding war
Australia's Insignia agrees to $2.2 billion takeover by CC Capital, ending bidding war

Reuters

timean hour ago

  • Reuters

Australia's Insignia agrees to $2.2 billion takeover by CC Capital, ending bidding war

July 22 (Reuters) - Australia's Insignia Financial Ltd ( opens new tab agreed on Tuesday to a A$3.3 billion ($2.15 billion) all-cash takeover by investment manager CC Capital, ending a months-long bidding war after U.S.-based rival Bain Capital withdrew its competing offer. Under the agreed deal, CC Capital will pay shareholders A$4.80 per share in cash. That represents a 22.14% premium to Insignia's closing price on Monday. However, it's slightly below CC Capital's improved bid of A$5 per share it made in March to match Bain Capital's A$3.34 billion offer before the U.S. private equity firm withdrew it in May. The 178-year-old Australian wealth manager had initially rejected Bain's December approach, deeming it insufficient, sparking a bidding contest when CC Capital Partners entered as a rival suitor. Insignia's board unanimously recommended shareholders approve the scheme of arrangement "in the absence of a superior proposal". ($1 = 1.5337 Australian dollars)

‘Raising a family is not easy here': In-N-Out CEO says she is leaving California
‘Raising a family is not easy here': In-N-Out CEO says she is leaving California

The Guardian

time2 hours ago

  • The Guardian

‘Raising a family is not easy here': In-N-Out CEO says she is leaving California

Follow the money is an age-old adage for reporters and businesses alike. The CEO of the internationally-renowned burger joint In-N-Out, however, is taking a different approach – moving her family from California, where the chain boasts 276 locations, to Tennessee, where it has zero. Billionaire heiress and CEO Lynsi Snyder, granddaughter of In-N-Out's founders, publicly announced the relocation during a family-and-faith studded conversation on Allie Beth Stuckey's podcast Relatable. Interview sponsors included an online academy that promises to keep children safe from socialist indoctrination, as well as an anti-abortion diaper company. Snyder, with a Forbes-estimated net worth of $7.3bn fueled by the California burger chain, said that she sees greener pastures in the Volunteer state, where she plans to beef up the Franklin, Tennessee office. The company's two major California offices, Irvine and Baldwin Park, will be merged under one roof, with the Irvine office closing by 2030. 'There's a lot of great things about California, but raising a family is not easy here, doing business is not easy here,' Snyder said. Snyder also detailed her rise in the company, her journey with Christianity and her past marriages. Faith is prominent not just in Snyder's personal life, but at In-N-Out as well, with bible verses printed on soda cups and fry bags. Well-known for its neon palm trees and simple menu, the company has exploded past its California roots, with locations in eight states. It currently has 35 locations planned to open in Tennessee. Snyder, however, said that the company has no current intentions for a major East Coast expansion. 'Florida has begged us and we're still saying 'no', the East Coast states we're still saying 'no',' Snyder said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store