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Housing Market Woes Lead Family To Raffle Off Home

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Dec 30, 2007 12:36 pm US/Eastern

Housing Market Woes Lead Family To Raffle Off Home

HAGERSTOWN, Md. (AP) ― Frustrated by a nationwide housing slump, a western Maryland couple is selling raffle tickets for their house and hoping they'll sell enough $100 tickets to get the farmhouse off their hands.

Dennis Kelly and Karen Crawford put the four-bedroom house for sale for $425,000 a year and a half ago. But they say the housing slowdown means they haven't had any takers. The house is now valued at $390,000.

Crawford read a story in the newspaper about an Ohio couple who offered their farm for sale in an essay contest, and she got the idea for a raffle.

Crawford approached a local charity, the San Mar Children's Home in Boonsboro, about helping in the raffle. Any extra money raised through raffle ticket sales will be given to the home. A winner will be drawn in March.

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