Raffling your home

A question about : Raffling your home

Has anyone successfully raffled off their property? I recently read stories online about a couple who are currently doing so in Canterbury via a website they have set up (www.winahouseforafiver.co.uk) and it got me thinking. You simply have to answer a multiple-choice question and then pay Ј5 to enter.

We have been trying to sell our house since April and have had real problems with all the estate agents we have encountered so are looking for a solution that does not involve them. This would prevent having to pay them fees too which is a bonus. So we wondered if anyone had any tips, suggestions or warnings about offloading your home in this way... or any knowledge of the legal implications. All replies gratefully received.

Best answers:

• I think you have to check out for gambling laws and also require an independent auditor to oversee the process.
  You will need some T&Cs to stipulate the minimum amount of tickets to be sold for the "raffle" to be conducted.
  why dont you just advertise the property yourself in for example,
  Local paper
  Loot
  property websites
  The people I know that do this often sell.
• Hi Jamie
  I'm in the same position, I've been trying to sell my property since April too. The bottom of the market seems to have fallen through the floor here in Cornwall at present, and I too have wondered about the ins and outs of selling a property this way. I've emailed the site you mentioned (thanks for link) and I'm awaiting further details of how to sell my house... I'll keep you posted!
  I have privately advertised my property too via local/London newspapers and internet with no success either.
  Regards
• Have a look at the gaming board web site. There are many constraints in place with regard to raffles and lotteries, but the information is there if you look hard enough.