Top Contributors (View All)

Find a Top Real Estate Agent Near You

Can I raffle my house?

I read a story about someone raffling off their house. They sold $1 raffle tickets, and 2 million people bought them! The home was worth $1 million. I\'m wondering if this is even allowed?! It seems like a crazy idea, but maybe I\'d try it if it was legal/possible.
Asked By Jeremiah | Sacramento, CA | 22 views | Selling | 1 week ago
Answer(2)
Sort By:
Debbie Sagorin

Coldwell Banker Realty

(286)

I doubt very much that it’s legal for regular homeowners to raffle off their houses in California, Jeremiah. I'm guessing that people will think it sounds like gambling and I think a lot of people would probably suspect it's a scam. That said, I've seen some legit charities do it. For example, Special Olympics Southern California runs a house raffle every year, and they’re clear that it’s to support their cause. If you’re thinking about selling, I’d suggest talking to a local Realtor with solid reviews. He/she can walk you through your options and help you get the most out of your home, the right way.
profile img
Novice
1 Answer
Michelle Maloney

Maloney Real Estate

(15)

I agree with Debbie, you'll definitely need some media attention to prove it's legitimate and not a scam. It's easier to do if it's to benefit a non-profit. That said, I've seen it done but curiously, I've never heard the results.

Related Questions