House Raffle. Things To Consider Before You Raffle Your House.
House Raffle
Everyone is looking for deals right now in a very depressed real estate market. More people are considering a house raffle to try and sell their home. A house raffle is simply an auction.
I read one story about a couple who actually tried this method. Not only is a house raffle a good idea for the owner, but a good idea for the lucky winner also. You can find house raffle tickets in some states for as low as $50.
If you do a little marketing and research, it’s highly likely that you could sell many house raffle tickets in a short amount of time. Starting a web site would be a good idea. Putting an ad in the local newspaper and a sign in your front yard is also recommended. You will be very surprised at who actually may be interested in your house raffle.
Be prepared for an overwhelming response, especially if you have a good house in a nice area. You could get requests for your house raffle from across the world. Nowadays it’s just plain hard to sell or refinance your home to get any cash out. Banks have really tightened down. One alternative you should consider is a house raffle.
You must be proactive nowadays. Consult with an attorney about the legalities of a house raffle in your state. Many states consider them illegal and they are considered gambling. However, many states will allow a house raffle as long as some of the proceeds go to a charity.
To learn more, visit House Raffle.
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