Sun 9 Nov 2008
Arizona family raffling off home on Craigslist
Posted by Marlow Harris under Real Estate
[4] Comments
Desperate times call for desperate measures. The Gaunt family in Buckeye wants to downsize and sell its home but they’re having trouble selling it.
So they’re taking a gamble and put an ad on Craigslist in order to raffle the 3,600 square foot home.
The homeowner wants to sell tickets at 100 dollars.
In Arizona, though, gambling regulations say you must partner with a non-profit group to raffle a home or land. And, you can not make more than the assessed value of your home.
So, the search is on for a charity.
For the Craigslist ad click here
November 22nd, 2008 at 6:12 pm
I’m a realtor in Vancouver Canada and I use Craigslist all the time. This is a pretty clever way to use it!
November 25th, 2008 at 2:16 pm
I wonder if I can do this in georgia? To me that is good odds. I would play for a 100.00
December 25th, 2008 at 6:36 pm
That is a great idea, I wonder how it worked out for them.
February 1st, 2009 at 7:02 pm
Wow, they really raffled off their home?