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.

Search Real Estate Glossary

Related Real Estate Glossary terms

Real Estate Swap

Transaction in which the property owner (for example, a pension fund) agrees to pay the insurance co ...

Recorded Plat

A subdivision map filed in the county recorder's office that shows the location and boundaries of p ...

Prospect

Individual or organization that is a potential purchaser of an insurance product. ...

Perimeter

Outside dimensions of a building. Property boundaries. ...

War Exclusion Clause

Provision in a life insurance policy that death benefits will not be paid in the event an insured di ...

Fine Arts And Antiques Insurance

Coverage for paintings, pictures, etchings, tapestries, art glass windows, antique furniture, coin c ...

Related Real Estate FAQ

What If They No Longer Make My Specific Computer?

The insurance company will replace it with a model as close to it as possible in the current retail ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Gue ...

What Is A Survey?

A survey is an examination of a property\'s boundaries to determine the quantity of land, location o ...

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

What Is Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

What Is A Gift Letter?

A gift letter is when an individual gives you money for a down payment as a gift, that person must w ...

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

Agents join here

Add our widget on your Website

Real Estate Advice

What Must I Disclose When Selling My Home? How is Square Footage Determined? What is Escrow and how does it Work? Home Prices - The Extra Costs Rent or Buy - the pros and cons

FAQ

What if they no longer make my specific computer? What is a wraparound mortgage? What do I need to know about Pet Insurance? What is zoning? What happens when a property starts to depreciate?