One of the most popular trends in home sales right now is the raffle. Instead of actually selling a home for a specific price, the home owner raffles off the home. Tickets cost anywhere from $50 to hundreds of dollars per ticket. If enough tickets sell then the home owners get a good price for a home that they might not otherwise be able to sell in today’s market. And one lucky winner gets to purchase a home for just a few hundred dollars. It seems like a great idea. And it’s a popular one especially in certain areas like Tampa. But it turns out that doing this might just be illegal.

There are a lot of rules involved in raffling off a house. Only certain organizations are allowed to raffle off a home. Individuals who try to do so are actually breaking state gambling laws in Florida. Done properly, this can be a great way to buy or sell a home. But it’s risky. If you’re looking at Tampa houses for sale, you should go through a legitimate home buying process with a Tampa realtor rather than trying your luck with one of these raffles. This fad just isn’t the way to go.

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