11 hours ago
Tuesday, September 26, 2006
Real Estate is a chancy business
I'm not sure if this is legal but it sure is creative.
House for chance
BY ELIZABETH SKRAPITS
There’s a spacious two-story house on 27 acres of land in the Back Mountain available for only $100, no mortgage.
The catch is — your odds of getting it are one in 5,000. About a month ago, George Bostan decided the best way to put his Lake Township home on the market was raffling it off at $100 a ticket.
Bostan set up a Web site, www.bostan235.com, and advertised in local and regional publications. He said he’s keeping up the raffle until all 5,000 chances are sold, which he hopes will be by Christmas. He has already sold 1,089.