Tuesday, 19 December 2023

$1 Properties

Is anyone else bugged by the real estate ads that say the property is listed for $1? I know this is a ploy to raise interest, and usually the property is up for auction with a sky-high reserve price (which price is never indicated in the ad). The $1 is just click bait, really. But could you challenge that in the courts as misleading or false advertising? Could you insist the asking price really is $1 and hold them to it?

If so, bring it on! There's a six-bedroom house on acreage in Caledon that's got my kids' names on it.

 

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