Sale Price

Definition of Sale Price

  1. The ultimate price that a buyer pays for an asset. In real estate, the sale price is the final number negotiated by the buyer and the seller for the sale of property.

Synonyms

  • final sale price
  • total sale price

Related Terms and Acronyms

  • Property Value Definition,
    • The worth of a piece of real estate, based on the price a buyer and seller would negotiate.
  • Agreement of Sale (AOS) Acronym,
    • A document in which a property's buyer and seller approve the price and other terms of the transfer of title.
  • Monetary Value Definition,
    • A property's monetary value is its worth if sold at this moment in time.
  • Lending Value Definition,
    • The property value for mortgage purposes. Usually the lesser of appraised value or sale price.
  • Sales Contract Definition,
    • A legal written document that details the agreed upon conditions between a seller and a buyer regarding the sale of a specific property. Also called an "Agreement of Sale."
  • Appraised Value Definition,
    • An educated opinion of how much a property is worth.
  • Purchase Price Definition,
    • The total selling price of the home, including the cash down payment and the principal on the loan.
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