Home Selling in 90210>Question Details

Judith Krask, Both Buyer and Seller in Los Angeles, CA

what is asking price?

Asked by Judith Krask, Los Angeles, CA Wed May 27, 2009

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4
Asking price is what the property is offered at. Often times with the current market conditions, we may see some inflated asking price due to 3 months of supply of housing. about 5 months supply is equilibrium according to National Association of Realtors. Hope this helps
0 votes Thank Flag Link Fri Oct 18, 2013
Asking price and listing price are the same thing. It is the price the seller would like to get from the buyer for their property.
0 votes Thank Flag Link Tue Feb 26, 2013
Dear Judith,
The "asking price" is the the price the owner of the property would like to get for thier home.

The price is arrived upon by careful consideration of similar property in the area, market conditions, the condition of the home, interest rates for buyer, and the expertice of the agent.

Asking price is neither " insulting..nor rediculous" , but a fair estimation of the current value of the property..with every issue taken into consideration.
0 votes Thank Flag Link Sun Jan 10, 2010
Hi Judith, the "asking price" what the Seller and the Seller's Agent has listed on the market to receive buyers and potential offers. Sometimes the "asking price" is realistic for the condition of the property and the location as well as sometimes it isn not realistic for the same. If you need any help with your buying or selling questions feel free to contact me directly with your questions at EndreBarath@theMLS.com.
Web Reference: http://www.endrebarath.com
0 votes Thank Flag Link Wed May 27, 2009
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