Can the person who noticed the error buy the home for the wrong price or will they be told that it was just an error?
2006-06-30 15:36:23 · 3 answers · asked by Jen 2 in Business & Finance ➔ Advertising & Marketing
I think it kind of depends. If it's listed as $25000 instead of $250000, it's assumed one is reasonable enough to be knowledgable of the average market value of similar properties.
Different states might have different laws. For instance, a state might define the selling price of a property as ONLY that which is listed in writing in hard copy format on the sales documents. This would protect anyone from an error in, say, data entry at the newspaper or online.
There might NOT be such a law in a state, and the price may very well be listed as one would reasonably expect to pay for a property. In this case, especially if the home is advertised at that price by a major realty company, one could attempt to purchase it for the incorrect price on the basis of false advertising or bait & switch.
2006-06-30 15:44:29 · answer #1 · answered by mom2babycolin 5 · 0⤊ 0⤋
This happened to me and they just told me it was an error. It's not legally binding so don't get your hopes up.
2006-06-30 15:41:10 · answer #2 · answered by Sara 6 · 0⤊ 0⤋
The price displayed is not binding. It is "an invitation to treat," whatever that means.
2006-06-30 16:07:32 · answer #3 · answered by Anonymous · 0⤊ 0⤋