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Raffle A House?
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11-13-2008, 10:49 PM
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#1 |
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New Guy
Trade: Framing
Join Date: Aug 2007
Posts: 25
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Raffle A House?
Is it possible for a homeowner to raffle off a brand new house?
I know someone interested in the idea.. selling tickets, winner gets the house. Googled it and saw many instances where someone has done so.. but also saw that in some states it may be illegal, or may be illegal for anyone other than non-profit organizations/charities and such. Obviously a real estate lawyer or someone would be the best to talk to about this, since there is so much involved.. but wondering if anyone here had any input on this. |
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11-13-2008, 10:57 PM
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#2 |
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Trailer park boy
Trade: Remodeling
Join Date: Mar 2008
Location: Castlegar, BC, Canada
Posts: 3,604
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Re: Raffle A House?
Very risky, I would think, without a LOT of advertising and hype to sell tickets,
__________________
"Industry without art is brutality"
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11-17-2008, 04:20 PM
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#3 |
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Infill Redevelopment Pro
Trade: infill redevelopment and brokerage (apartment to condo conversions for hte last few years)
Join Date: Jun 2008
Location: Austin Texas
Posts: 89
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Re: Raffle A House?
Yep. I remember hearing on the news several couples doing just that for their own personal home.
Here's one example. http://www.thebostonchannel.com/mone...37/detail.html Joe |
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