Win a house competitions - Omaze etc..

Quartz said:
I imagine that if you lived there you would have your own boat. I wonder how much it costs to moor for an evening on the Fowey side? Are there any pubs or restaurants in Fowey with moorings?
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The Royal Yacht Club and Gallants Sailing Club both have places to tie up dinghies/tenders for their members, so you could join one of them to make use of the facilities.

There's also Albert Quay, where people park their tender before coming ashore. Usually, visiting yachts would pay mooring fees, and (in theory) resident boats should be paying harbour dues, so it's not like an attendant sits at Albert Quay taking payments.

But I'm not aware of any pubs or restaurants with moorings.
 
VincentHanna said:
Islington? Nice area IMO.
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Technically, yes it is. But barely; it's the very Northern part near Finsbury Park. It's about as close to Wood Green and South Tottenham as it is to Islington Highstreet and Angel tube station.

The nicer areas of Islington are in the Southern part of the borough; Barnsbury, Canonbury etc..
 
HangTime said:
I know I'm two years late but I'm not sure I get the question/concept of the thread? It just seems like a standard raffle to me, you pay a small amount of money in the hope of a very remote chance of winning a big prize, it will be rigged so that the organisers profit, i.e. the total revenue will exceed the total value of the prizes dispensed.
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Well, that's self-evident, it is a property raffle, that they're making a profit wasn't what was questioned, these are the questions I was pondering at the start:
dowie said:
On one hand this seems like a much better prospect for people who might want to enter these house draw things, there actually is a guaranteed prize. Does make me wonder though, are they really just taking 20%?

Obvs they probably deduct the costs of administering the competition, and of course the cost of acquiring the house and the intermediary prizes (they give away flashy cars intermittently in draws for earlier ticket purchases) but do they get another source of revenue here?
[...]

I wonder if they get some sort of fee from the owner of the house? Are these houses that didn't sell initially on the open market? Do they actually buy the house themselves or do they do a deal with the owner.

I mean ostensibly you could go to some owner/developer of a £2-£3 million pound home that hasn't sold and do a deal where you'll either guarantee a price for them or give them a bracketed price (based on ticket sales) and take a commission out of their end too... then set that as part of your "costs" from which you then give the charity 80%?

I'm not knocking it per see, it seems like a neat competition, but I'd be interested if anyone knows how it works from that end?
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I can answer this one now FWIW

Do they actually buy the house themselves or do they do a deal with the owner.
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It seems like they don't buy the house but do some sort of a deal with the owners; this makes sense as buying as a company would obvs incur a stamp duty payment (at a higher rate too for companies) then the subsequent transfer to the winner would incur another stamp duty payment (possibly at a higher rate too if the winner already owns a home), ergo it seems some sort of deal is done where there is just one transfer of the property to the winner from the current owner (who has presumably been contracted to keep it off the market in return for a later payment).

I thought the other questions were clear enough but if they're not I can clarify but you'd need to tell me which of the questions you don't understand or give me something to go in re: what it is you don't get.
 
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