House for sale in Toronto, Priced at $1.00

@barehugs (8973)
Canada
April 18, 2008 7:06pm CST
Would you Pay $1.00 for a beautiful House in a nice area, in the city of Toronto? This beautiful 3 bedroom home went on sale today! Of course you would pay $1.00, and so would many others! The seller already has Hundreds of offers. He says," Write your offer down on paper, and give me 24 hours to think about it. If I accept, I'll let you know!" The facts are, The seller does not have to stipulate the selling price at the time of the offer, he can decide the final selling Price at his own time. What do you think of this novel idea for selling a House?
5 people like this
7 responses
@Alfie1970 (257)
19 Apr 08
Its a closed bid, he doesnt have to accept any offer but he has grabbed the attention of the masses I would expect! I tried to sel a sofa on ebay for £173,500 and you get a house free lol but obviously ebay dismissed the auction :(
3 people like this
@slickcut (8141)
• United States
19 Apr 08
I think its a gimic to get a lot of dollar bills....I have no idea anyone would actually win...It sounds like something like a scam....The person just might get rich....
@barehugs (8973)
• Canada
19 Apr 08
It is a smart Gimic! Everyone wants to get top dollar for their House. Obviously the top bidder will win. I thought this was a novel idea. Something new in the Housing Market.
1 person likes this
@barehugs (8973)
• Canada
19 Apr 08
It is a smart Gimic! Everyone wants to get top dollar for their House. Obviously the top bidder will win. I thought this was a novel idea. Something new in the Housing Market.
1 person likes this
@whittby (3072)
• United States
20 Apr 08
I think the man has had tons of interest in his house and probably a good many gawkers. With any luck, one of the curious will actually be interested and he might get a decent price. In this economy, with house selling so far below their mortgaged prices or not selling at all, it was probably worth a shot to him to see what would happen. I just hope he researched his ground on a legal basis.
1 person likes this
@barehugs (8973)
• Canada
24 Apr 08
I saw an update on the News Last night, and he still hasn't sold the house. People are hesitant to bid, for some reason. Although he has lots of offers, none are as High as he wants.
@julyteen (13252)
• Davao, Philippines
20 Apr 08
of course yes. who will refused that very wonderful offer but we can't expect that it is really $1. Your final words or the conclusion states that " The seller does not have to stipulate the selling price at the time of the offer, he can decide the final selling Price at his own time". What if he change it to $1 million. Can anybody afford to buy? LOL
@barehugs (8973)
• Canada
24 Apr 08
He has never said exactly what he will take for the house. Its like a "silent Auction." THis guy is breaking ground here and if this idea catches on it might change the whole real estate market.
@Hatley (163781)
• Garden Grove, California
19 Apr 08
well its certainly an idea to draw interested people in to buy this house but really who could possibly affordto sell a house for one dollar? In other words this is a gimmick to attract people to come there then they have to come up with a much larger price to bid for the house.
@barehugs (8973)
• Canada
19 Apr 08
It did stir up a lot of interest. The seller had several hundred offers right away. Of course some of them would be very low. I'll let you know if I hear how much the house actually sold for.
@jenni7202 (1598)
• United States
20 Apr 08
I think it's a great idea. He hasn't stated the price that he is looking for, therefore, people will be going crazy to be the one to get the house. He could actually get more than what he is actually trying to get on his house this way. Plus, he is getting publicity, who doesn't want to be in the news and papers? I sure do! lol. Yes, though, I would buy a house for $1, although, I think it's pretty much positive that he isn't going to give his house out for a measly dollar.
@barehugs (8973)
• Canada
24 Apr 08
He is getting a lot of Publicity.He's been on the National News twice already. How many would-be house sellers can do that, and without any cost to them? If he had been willing to take $1.00 for his house it would have sold in the first 15 minutes.
@digerati (286)
• Philippines
11 Jun 08
hi barehugs, it's quite hard to imagine a beautiful house at the very low price.. there must be some sort of trick there.. but if there's none, what a luck 1 dollar it is... wishing my own house, digerati