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What would you do if you won the lottery?

Real Estate Agent with The Evans Group DMV - Serving Virginia VA DPOR 0225103518

December 17, 2007 02:22 PM

Well as some of you know, the MEGAMillions prize is up to $168M. I have a very simple yet complex question for you.

Would you pay down or off your client's homes?

And if you do pay off their homes,

would you let them have it free and clear or
would you put the house in your name and grant them a life estate or
if they choose to sell split the equity?

Sound off. My husband, myself and my team are debating this topic. Funny what money does to normally quiet people!!!

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Carol Williams

Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA

Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

Vangie, I would buy a bunch of homes and sell them (on some sort of affordable purchase contract) to needy families and first time homebuyers.

Dec 17, 2007 02:59 PM

Brenda Abide

Weichert Realtors Benchmark - Germantown, TN

I would help the Katrina victims by building as many homes as I could and giving them free of charge to these people who lost everything they owned materially as well as their livelihood. Many lost loved ones too which can never be replaced. I can't even comprehend all the loses those people suffered.

We all should do our part now without waiting to win the lottery and make it right for those people in New Orleans.

http://www.makeitrightnola.org/

Dec 17, 2007 03:16 PM

Vangie Williams

The Evans Group DMV - Serving Virginia - Fredericksburg, VA

Real Estate with Personality

Thanks Brenda and Carol, I definately would take of the needy.

Dec 17, 2007 03:28 PM

Ginger S

Wilkinson & Associates, Wilmington NC - Wilmington, NC

Wilmington NC Real Estate & Relocation~

Vangie, I would give 90% away right off the bat to a variety if charities, And keep the rest in the bank.

Merry Christmas!

Ginger

Dec 20, 2007 02:02 PM

Vangie Williams

The Evans Group DMV - Serving Virginia - Fredericksburg, VA

Real Estate with Personality

Wow. I estimated I would give away close to 45% and still have enough for my husband and I to put 6 daughters through college, pay for weddings and have enough invest and also enough to retired young and travel the world in comfort.

Dec 20, 2007 03:04 PM

Surina Hart

Royal LePage ProAlliance Realty, Brokerage - Brighton, ON

Real Estate Broker

I like to work! I just don't like to stress about money - so if I were to win, I would also just keep enough for my family (including parents, siblings and theirs and of course my in-laws) and then I would set up charity foundations, invest for them, and donate to a variety of local charities. I have a very long list of who I would want to help..... one day I hope I can make all those people very happy.

Merry Christmas everyone!

Surina

Dec 20, 2007 04:34 PM

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