Our good friend Sarah has put her house up for sale, and she plans on buying a house in a different area. One realtor has told Sarah that she is willing to sell her a house in that other neighborhood at way below market value. As we have already seen, Sarah is always on the lookout for a good bargain.
Is Sarah allowed to buy a house from a Jewish seller at a price that is way below its market value if the owner is not aware of its full value? And while she is at it, Sarah wants to know: Where and when else do the halachos of Ona’a apply?
Wednesday, July 20, 2016
THE BAIS HAVAAD HALACHA JOURNAL: Volume 5776 Issue XXXIX Chukas Overcharging (and underpaying) for real estate Taking advantage of the market or of the buyer? Overcharging (and underpaying) for real estate By: HaRav Dovid Grossman, Rosh Bais HaVaad L’Inyonei Mishpat
Our good friend Sarah has put her house up for sale, and she plans on buying a house in a different area. One realtor has told Sarah that she is willing to sell her a house in that other neighborhood at way below market value. As we have already seen, Sarah is always on the lookout for a good bargain.
Is Sarah allowed to buy a house from a Jewish seller at a price that is way below its market value if the owner is not aware of its full value? And while she is at it, Sarah wants to know: Where and when else do the halachos of Ona’a apply?
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