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Originally Posted by Table 5
One other thing to keep in mind is that the implied values for these homes are inflated. A real estate agent I know who used to be involved in these lottery homes, said that you can typically expect to sell them for about 15-20% less than what the lotteries advertise.
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The value also includes all the furnishings and accessories which can include things like a fully stocked wine room, a built in jewelry box with jewellery included and yard maintenance equipment. They started to add a wad of cash with the dream homes to aide in paying for property taxes, utilities and HOA fees.