
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, September 29, 1993                   TAG: 9309290223
SECTION: VIRGINIA                    PAGE: C2    EDITION: 
SOURCE: 
DATELINE: SPRINGFIELD                                LENGTH: Short

ANXIOUS HOMESELLERS OPT TO LEAVE IT ALL TO CHANCE

Pat Waycaster has a very nice five-bedroom home she'd like to sell, but for two years she's gotten no offers she thinks are close to reasonable.

So, anxious to retire to North Carolina with her husband, Waycaster is taking a gamble. And she hopes others will pay $100 to take a gamble, too.

The custom-built house is one of six in a raffle she helped organize.

"Even with low interest rates, people are not buying," she said. "Everybody out there wants a bargain."

A $100 raffle ticket buys a chance at houses valued between $180,000 and $1.4 million.

When the raffle takes place Jan. 2, winners will be able to select the house they want in the order their tickets are drawn. If winners aren't present, they will get the most expensive house still available.

A minimum of 40,000 tickets and a maximum of 45,000 tickets will be sold, Waycaster said.

If too few tickets are sold, the raffle will be canceled.

by CNB