Strictly Hypothetical.... well sort of.
I was chatting with a friend who made an offer on a property via email, but unfortunately put in $447k of $347k,
luckily it was sold by the time the agent had received it.
So what is the legislation in regards to typos? My friend was chatting with the agent and the agent did know her offer was going to be under $350k, so if the offer came through for $447k, and the vendor accepted it, would it be a valid contract?
I mean if the price was mistaking put at say $1,347,000 then it is clearly obvious its a mistake and all reasonability should come into effect.
But in todays market $447 might not be such a stupid offer? however, if the agent denies having that conversation or worse still lies and says, yes an offer of $450k was discussed, how legally enofrcible would it have been???
Food for thought?
I was chatting with a friend who made an offer on a property via email, but unfortunately put in $447k of $347k,
luckily it was sold by the time the agent had received it.
So what is the legislation in regards to typos? My friend was chatting with the agent and the agent did know her offer was going to be under $350k, so if the offer came through for $447k, and the vendor accepted it, would it be a valid contract?
I mean if the price was mistaking put at say $1,347,000 then it is clearly obvious its a mistake and all reasonability should come into effect.
But in todays market $447 might not be such a stupid offer? however, if the agent denies having that conversation or worse still lies and says, yes an offer of $450k was discussed, how legally enofrcible would it have been???
Food for thought?