Legal Question in Real Estate Law in Illinois
How do I auction my home
Mine is not a problem but a legal question. Is it legal and if so what are the specifics to sell my home in an auction or raffle?
Thank you
2 Answers from Attorneys
Re: How do I auction my home
It is legal. Speak to the auction house for particulars. Each one has different terms.
Re: How do I auction my home
Actually, to auction your home to the highest bidder is quite legal -- happens all the time. But, your question also raised the possibility of a raffle. If, by that, you envision having persons purchase tickets for a certain amount with the winner selected by random, for example, that may well fall within the perimeters of unlawful gambling.
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