Is it legal to raffle your house


This could be primo hoagies promo code a nest feathers gifts viable solution to that, she explained.
'Be warned, people have had warning letters and even been prosecuted.
Since Mr Low started the raffle, other homeowners have been tempted into doing the same including Shamus Fitzsimons.
Advertisement - Continue Reading Below, entrants pay for a raffle ticket just like you would at a church fete then they answer a question, and a lucky ticket holder, who gets the question correct, then wins the house when their ticket is pulled out.
Most people who do it are desperate, so that christmas grab bag gift themes would imply that it is quite a stupid idea.If you look at the rules and the regulations of these things properly, the risks for the potential buyer are actually very low, whereas the possible winning outcome is extremely high.Living as a 20-year-old in one of the most expensive cities in the world, I know just as well as many, that due to insanely high housing costs and increasingly low incomes, getting a foot onto the property ladder isnt an easy prospect.Gambling Commission issued a warning that well-meaning house sellers could be breaking the law by operating an illegal lottery.



Rules also require that letter entries can be posted.
Examples of house raffles include the Scottish mansion which was being raffled off for 5 a ticket despite being worth 800,000, or the 845,000 country house in Lancashire that was raffled off for just 2 a ticket.
Gambling laws require more than just tickets Flickr: Randy Heinitz, and while the idea of raffling off properties isnt entirely new to the world, just recently a website under the name of WinAbode surfaced.
Its just so, untraditional.Im sure many will have seen in the media that some people have raffled their home with some success.I think that there are a lot of people that still dont even know that house raffling exists, but if and when they do, I really think this could be a game-changer for us all.If its such a good idea, then why doesnt everyone do it?Finlay Brewer, says house raffles 'could be of major concern' to the property industry.But is this actually the case?He said: 'I think this is viable, crowdfunding has grown in maturity online and this in many ways has a similar appeal for the seller and for the entrant the low risk/high return potential is very attractive.Pay to enter raffles, draws and competitions, where a persons home is the prize, are becoming an increasingly popular alternative for eager homeowners that are either struggling to sell their property through traditional means or looking to do something a bit innovative.

Dullatur House: Shamus Fitzsimons has tried to sell if for the last year - but has now decided to raffle the property.
What if you were told you could become a home-owner for the price of your daily cup of coffee?


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