asking price
Definition
Noun: The initial price set by a seller for an item or service, presented as the starting point for negotiation or the desired amount the seller hopes to receive.
Usage
The term "asking price" is used to specify the listed or advertised price of something that is for sale. It is the price the seller is "asking" a buyer to pay, though the final sale price may be different. - It is commonly used in real estate, vehicle sales, and private sales of goods. - It implies that the price is not necessarily final and may be subject to negotiation.
Examples
- Noun:
- The house had an asking price of $500,000.
- He lowered the asking price for his used car to attract more buyers.
- The asking price for the antique vase seemed too high.
Advanced Usage
- "Above/below the asking price": Used to describe an offer or final sale price that is higher or lower than the seller's initial stated price.
- They made an offer below the asking price.
- The property sold for well above the asking price in a competitive market.
Variants and Related Words
- List Price (n): A manufacturer's suggested retail price (MSRP). While similar, "list price" is often more fixed and official than an "asking price," which is more common in direct seller-to-buyer transactions.
- Offer Price (n): The price a buyer proposes to pay, often in response to the asking price.
- Selling Price/Sale Price (n): The final price at which an item is actually sold.
Synonyms
- Sticker price: Often used for vehicles, indicating the price displayed on the sticker.
- Initial price: A more general term for the first price set.
- Quoted price: A price that has been formally stated.
Related Phrases
- To meet the asking price: To agree to pay the full price the seller is asking.
- The buyer was eager and agreed to meet the asking price.
- To set/put an asking price on something: To establish the price for which you wish to sell an item.
- They set an asking price that reflected the car's excellent condition.
Noun
-
the price at which something is offered for sale
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