Asking Price

Definition

• The amount of money the seller requests for the property or item. This is not the same as the appraised value.

Synonyms
cost, price tag, relative value

Related Terms and Acronyms

• Assessed Value (ast, AV) — Acronym & Abbreviation,
  • A municipal or provincial government's determination of a property's worth for tax purposes.
• Bidding War — Definition,
  • Multiple, competing offers for a piece of property or item that escalate the price. Usually results in a happy seller.
• Lending Value — Definition,
  • The property value for mortgage purposes. Usually the lesser of appraised value or sale price.
• Purchase Price — Definition,
  • The total selling price of the home, including the cash down payment and the principal on the loan.