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Current Mortgage RatesVariable closed: 1.65% 1 year closed: 1.64% 3 year closed: 1.59% 5 year closed: 1.69% 10 year closed: 2.84% Glossary
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GLOSSARY
Canadian Financial, Real Estate and Mortgage Glossary
How often this word is used
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38% - Moderately
38% - Moderately
Asking Price
Synonyms: | cost, price tag, relative value |
Filed Under: | real-estate |
Tags: | realty |
Definition of asking price
- asking price
- 1. The amount of money the seller requests for the property or item. This is not the same as the appraised value.
Related Terms and Acronyms:
- assessed value (AV, ast) A municipal or provincial government's determination of a property's worth for tax purposes.
- bidding war Multiple, competing offers for a piece of property or item that escalate the price. Usually results in a happy seller.
- lending value The property value for mortgage purposes. Usually the lesser of appraised value or sale price.
- purchase price The total selling price of the home, including the cash down payment and the principal on the loan.
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