Published: 27th Nov 2018

When the time comes to sell your house, putting it up in a raffle may not be your first point of call, but it’s a method of sale that’s gaining in popularity in spite of warnings from the gambling commision that it might be against the law. Tom Hutchinson of risk management company Team Umbrella weighs up the pros and cons. Selling a house in modern times is in many ways harder than ever before. With so much to think about: market price, bidding wars, having the property taken off market, estate agents, mortgage advisors, conveyancing, surveying, removals, stamp duty, it’s no wonder that people find it a very difficult period. Could the unconventional method of house raffling be the answer? What is raffle ticket selling? Selling a house via a raffle is quite simple and it makes good sense on paper. Buyers answer a unique question (they have to, by … (To read the full article, subscribe below)