Win A Property In Mexico Review
A fully furnished apartment in Mexico is the prize that is on offer in this house competition. For £20 you could be enjoying the beaches of Manzanillo in your very own holiday home. The competition is hosted on the Raffall platform.
Launched: 25th April 2021 Closes: 30th June 2021
Location: Manzanillo, Mexico,
House Value: £100000 (3 Bedrooms)
Ticket Price: £20.00
Minimum Ticket Target: 9000
Tickets Sold: Unknown
Cash Alternative: 75% of ticket sales
This is the first property competition we've been aware of that features a property in Mexico. The owner has decided to use the Raffall platform to host the competition but has also created a website at Win A Property In Mexico. This website simply provides entrants with a bit more information about the property as well as showing more images of the home. No valuation is provided (so we've made an estimate) but the property is located in Manzanillo. This port is on the west coast of the country and 300km away from the city of Guadalajara.
About The Prize
The property itself has three bedrooms plus bathrooms. Additionally there's an open plan kitchen, living area and roof garden with WC. All furnishings are included so the property. Images shown on the website show what looks like a communal pool area although this isn't highlighted in the descriptions. The prize will include public deed fees, trust fees for the first year, four flights to Manzanillo and £4000 spending money. The process for property ownership transfer isn't explained. We do suggest interested entrants review the information at Wise.com which covers buying a property in Mexico and explains about the process, taxes and trusts.
How To Enter The Competition
To enter the raffle you need to be registered with Raffall. This can be done via Facebook or email login. Once at the house raffle page it's a case of answering a question and purchasing tickets. The question pops up in a window which we found disappeared very quickly. Tickets cost £20 and there's no limit to the number you can purchase. You can purchase online using debit cards. Cancer Fund For Children is being supported by the raffle and 5% of the host's revenue will be donated. Note that this donation only applies if the competition completes.
9000 Ticket Sales
The owner of Win A Propety In Mexico aims to sell just 9000 tickets (total revenue £180,000) by the end of June 2021 in order to conclude the draw. If insufficient tickets are sold then the winners will receive a share of the compensation amounting to 75% of all ticket sales. All compensation payments are guaranteed and paid directly by Raffall Limited. Note that if 100% of the tickets are not sold then the promoter receives nothing.
Owning a holiday home in Mexico might appeal to many, especially those in search of winter sun or a rental opportunity. The ticket price however is quite expensive but at least the owner has opted for a low sales target. Our biggest concern surrounds ownership and transfer of deeds. Whilst we don't think there are any issues we do think that it's important for the owners to provide information so that entrants understand what is involved. That said the owners are happy to answer any questions entrants may have via their social media page.
Disclaimer: Details shown above were correct at time of writing and are provided for information purposes only. Images are used under fair use policy. Map location is approximated by Google based on postcode/location info. Any links provided are not an endorsement from Loquax. In some cases Loquax may earn a referral fee from sales this does not effect our review. We strongly advise all visitors do due diligence on each contest before deciding to enter. Terms and conditions apply. Begambleaware.org.
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