Real Estate Question (this is a good one) 10 points for educated answer?

I hear this kind of question all the time...it's hilarious how many people get it wrong.

To go on a somewhat similar story, as I'm standing in line at the department store, two people in front of me (separate), the cashier rings an item up for more than the sticker price. The person directly in front of me chimes in and say "They HAVE to sell it to you at that price! It's the law!!"

I laughed to myself, as the cashier had a puzzled look on her face, and chimed in about how incredibly wrong this person was (if that were the case, their loss prevention team would have a heck of a time keeping up with the shoplifters who mismatch price stickers).

Anyhow, a house is a little different, but the same principle. You pay what I ask you to pay, or you make an offer and I accept it.

Confusion comes in because, if I intentionally misrepresent myself, though...say, I put an ad on the house that says "BUY MY HOUSE FOR A DOLLAR TODAY!", then change it to 100 grand when people show up, well I can be sued on account of that. But...I still don't have to sell the house for a dollar...

Hope that clears things up...

No. Real estate can only be transferred by executing a written contract between buyer and seller. An advertised "price" on real property is actually the approximate value of the property and does not represent an offer to sell at that price. Therefore they are under no obligation to accept your bid just because it matches the "price" reflected in a newspaper.

No a typo is generally the printers fault and generally corrected on next print date. There is really nothing you can do about it. Due to it's already printed. Now the Realtor should sale it at the value that was suppose to be the amount listed in the advertisement. They can not up the price if that is what happened a bank will not even allow that. So when buying a house it is good to buy for the appraised value anyway. Good Luck.

Ihave never understond those that tell somebody to attend and purchase genuine belongings. considering the fact that 1940 genuine belongings has merely long gone up in value. In 1940 you may desire to purchase a house for approximately $5000.00. the place contained in the hell are you able to purchase a house for that quantity now. 5 years in the past you may desire to purchase a house for $350,000 in California. There are nevertheless some places you probably can purchase a house for that quantity, however the traditional in Pasadena now could be around $675,000 or above and is rather good, as a be counted of actuality i think of the value have bigger slightly. i visit narrate a narrative a co-worker advised me in 1979. He suggested "purchase genuine belongings and wait" " do no longer wait to purchase genuine belongings." the different saying he had approximately genuine belongings became into "the final time to purchase genuine belongings became into twenty years in the past, the subsequent ultimate time to purchase genuine belongings is right this moment." Do every physique extremely think of that the real belongings industry will proceed for yet another 4-5 years. "NO" genuine belongings flippers and traders are nevertheless finding out to purchase properties. genuine belongings brokers are nevertheless advertising properties. own loan companies are nevertheless making mortgages. Qualifying would be slightly extra durable, yet loans are being made never the less. tell your aunt to purchase her residing house right this moment, the value will probable be bigger next 365 days. In 1992 there became right into a down turn contained in the real belongings and private loan markets, After some months of correcting itself the industry decrease back as solid as ever. while the inventory industry is going down or falls no person tell the traders that make investments in this industry to supply up making an investment, they simply use a various approach. i'm hoping this has been of a few use to you, good success. "combat ON"

No. Depending on the website it was listed on, there's usually small print that says prices are subject to change without notice, or not responsible for misprints.

I found a house that was misprinted, and nothing I could do. You can certainly put in a bid at that price, but the owners will just reject it.

You know, if they did, we wouldn't have all these questions on here saying "the house is priced at X, how much lower can I go?" House prices are always negotiated between the buyer and seller, and seldom do they wind up being what was listed.

Absolutely not. The only price you pay is the price that is on the contract with the owner.

No, unless there was an offer and acceptance.

No.