Since not to many people are able to sell their house in today's market many are turning to an alternative that has hit my section of the world like a title wave. HOUSE RAFFLES!
There are so many house raffles in my area that I decided to check out the basis of such an operation. here is what I found...
You cannot legally have a house raffle without a charity involved. Designate a charity that will receive any proceeds over that which you are asking for your house.
You can charge $100.00 a ticket and sell the amount of tickets needed to purchase the property. Ex. 1,000 tickets equals $100,000.00. So if your asking $200,000.00 for your house then you must sell 2,000 tickets. Then once you reach your goal raffle off the house. A Lucky winner will be getting a $200,000.00 house for $100.00.
Donate some of your profit to the charity of choice. This is such a great way to give to help others and sell your property. It's a win win!
Is this crazy or what?? Anyone have any experience with this?
Do not fear, for I am with you; do not be dismayed, for I am your God.I will strengthen you and help you; I will uphold you with my righteous right hand. Isaiah 41:10
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