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In United States
Registered Apr 29, 2012
elena's most recent comments:
- On 29 Apr 2012
Sure feels like another bubble/buying frenzy,
Advertised price = Invitation to treat, is not an offer to sell at that price.
Legally, an advertised price is definitely an offer to sell under most conditions.
Why should real estate be any different?
Because toasters, cars and shares are exact copies sold by millions. Each house seller has one, unique and individual house to sell. Even if mls listing was a promise to sell at the list price, how would you handle more than one buyer for the same property? And, even if a seller had only one offer at full price, they might still not like contingencies.