Win a House Competitions Update

Posted on: July 29th, 2009 by Jason 4 Comments

It’s been a while since we blogged about the various Win a House competitions that exist and in that time a number of them have closed. Sadly none have concluded with a new home winner like the Oldborough Estate competition.

What has happened is that a number of cash prizes have been awarded. Cash prizes are given out when the promoter has fallen short of selling the required number of tickets to be able to giveaway the house prize.

Fancy Winning My House needed to sell 16,000 tickets to part with their 4 bedroomed house in Eastbourne. The competition ended on June 30th and a Mr M.Evans of Nottingham won a cash prize. There’s no indication of ticket sales or the prize awarded.

We think between 600 to 700 tickets were sold in the Dream Home Competition. Elizabeth Graham from Yeadon won a cheque for £9,555.20 as the competition fell way short of it’s 30,000 minimum entry target.

Doing slightly better in the sales and prize stakes was A Spot of Luxury. They had 864 correct entries for their competition to win Sapna House. Mr Ian Coldwell of Derby was chosen as the lucky winner and walked away with £11,540. The house, valued at £800,000, is now on the market in the usual estate agent fashion.

Win Fellows Hall were one of the first house competitions to get on board due to the Devon Fishing phenomena. The competition was hindered slightly by The Gambling Commission and after several months managed around 2500 entries. Laura Drinkald from Darlington won over £27,000 whilst The Main Project Charity received a donation of just over £11,000.

We don’t know how well the promoters in the above competitions did financially but one win a house competition ended up costing it’s organiser £2000 (Newport Advertiser).

Despite the lack of ticket sales and home selling there are still new win a house competitions starting, like Want to Win This House (£700,000 Cotswolds Home), but there definitely has been a slow down.

Perhaps home owners are starting to realise that raffling off their home isn’t an easy way to sell?

Win a House Competitions Watch with Loquax

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4 Comments! Join The Conversation!

  1. spwatson says:

    I think that anyone who launches a win a house competition knows that it certainly isn’t by any means easy! We have taken the time to speak to several competition organisers and they are very very realistic about just how hard it is… I wonder whether this notion that people are in it for a quick buck is why there is a great deal of negativity surrounding the whole concept!

    Perhaps people resent the idea of someone escaping the property crash with what they perceive is little or no effort?

    The reality is that, in much the same way as any new business idea or start up, its very hard work and there is the added burden of an incredible level of animosity and negativity directed towards all those involved.

    It might be interesting to invite some of the competition organisers on to the site to talk about their reasons and experiences behind running the competitions? I’d be more than happy to be involved.

    No one wants to give up before the house is won, this isn’t a scam and having spoken to the a number of these competition organisers I can assure you not one of them is sitting at home counting a big wad of cash!

    Sarah

  2. Piffyonarockbun says:

    The ticket prices are just too high. Despite the good odds of winning if the numbers are limited, IMO most of us compers just enter and hope to win regardless of the odds! I still reckon a £2 SMS comp would do far better, with a bit of good publicity!

  3. canyonroad78 says:

    Well, I was thinking of entering sandbanks (which closes in 10 hours or so), but after reading this, and then comparing their traffic ranking with the other competition, I decided against. http://winanewlife.com/ might have a fighting chance if they manage to attract more people in the future, as their traffic was slightly better than Oldborough Estate for a (very short) while.

  4. jason says:

    “I wonder whether this notion that people are in it for a quick buck is why there is a great deal of negativity surrounding the whole concept!”

    I think you’ve totally misconstrued the point of the blog. It demonstrates that a number of comps have sold <1000 tickets. It indicates that cash prizes were awarded and it asks how those promoters did financially bearing in mind one example lost money (perhaps the others did too?).

    Based on that info the conclusion is are people realising this isn't an easy way to sell their home (and imo many who start on the win a house route do think it to be an instant success and not hard work).

    Have we said they're a scam? No! Have we said people made wads of cash (apart from the winners and a charity)? No! So I suggest Sarah you reread and stop being so defensive.

    That said I'm more than happy to interview you for the blog about your experiences... contact me if you're interested and we'll give your side of the win a house story.

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