Home Raffle: Sell the Dream not the Ticket

Are you ready to try a home raffle? If you are in a negative equity position and would like to avoid foreclosure, raffling your home may be your only option. Once you decide to raffle your home there are a couple of things that you should keep in mind.

In this article I am going to help you avoid one of the biggest mistakes that I see homeowners make when they try to raffle off their homes. A vast majority of you who are attempting to raffle off your homes have not been trained in home sales. I happen to know just a little bit about selling homes so I am going to share a very valuable tip for making your raffle both timely and successful.

When you are putting together your raffle one of the keys to success is to remember you are not just selling tickets, you are selling the dream of home ownership. People who focus on selling tickets rather than dreams often end up falling short on sales. Basically, keep all of your marketing efforts focused on your customers wants and needs, rather than you own needs to sell tickets.

Best of luck with your Home Raffle

Home Raffle: Are you Ready To Raffle Your Home?

Home raffles seem to be occuring more and more often with the econony being in such rough shape. People from all over the America are upside down with their home mortgages. Most people who use home raffles do not have enough equity to sell, but they also lack the income to continue making payments.

Home raffles present an effective way to help sellers get out of otherwise impossible negative equity situations. A home raffle is perfect for sellers who are in a negative equity situation. Instead of letting the home go back to the bank, a seller will try to sell enough tickets to equal the pay-off amount on their home loan. For instance if a home owner owes $100,000 on their home, but the true value is only $90,000, the seller could attempt to sell 2,000 tickets at $50.00 a piece.

Doing a home raffle creates a win/win for both the seller and the winner of the raffle. Selling tickets for $50.00 a piece makes them affordable enough for just about anybody. In the end everyone is happy. The seller avoids foreclosure, and one lucky winner will experience the dream of owning a home for only $50.00.

Good luck with your home raffle!