Asked Price


Definition of "Asked price"

Also called offering price, ask price or asking price. (1) The price at which real estate is offered for sale. Typically, it is the lowest price at which one can buy the property. (2) For real estate mutual funds, the current net asset value per share plus sales charge.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Good Repair Clause

A clause that may be inserted into a purchase agreement or a lease indicating that subject property must be properly maintained in order to validate t ...

Interest (rate) Risk

Effect on the market price of houses as interest rate change. For example, when mortgage interest rates rise, the prices of houses tend to fall. ...

Appraisal Date

Date of the valuation of property, usually contained in a report. ...

Breather Roof

Roof constructed on a storage tank designed to expand and contract directly with the level of stored materials (usually liquid). Its design prevents t ...

Real Estate Settlement Procedures Act (RESPA)

U.S. law covering the procedures in some types of real estate closings. Its objective is to have uniformity in real estate settlement practices when ...

Equity Rate O Return

Return before taxes on the capital invested in real estate property. ...

Popular Real Estate FAQ

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

What Is A Negative Amortization?

A negative amortization is a type of loan situation that occurs when the monthly payments do not cover the principal or interest. Instead of declining ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a house on your behalf. ...

What Is Earnest Money?

Earnest money is a deposit you make when you make an offer on a house. ...

What Is Joint Tenancy?

A joint tenancy is an equal, undivided ownership in a property by two or more individuals. ...

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Property tax in the US: a homebuyer guide Buying a House with Cash vs. Mortgage Short-term Lease Pros and Cons Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value

FAQ

How Much Can I Afford ? What is an investment property? What is a cap? What does an appraisal mean? What is a mortgagor?