noun a price that is set by a seller as the initial amount they want to receive for a product or service
The asking price of a property is the amount of money the seller is requesting for it.
In the automotive industry, the asking price refers to the price set by the seller for a vehicle.
In retail, the asking price can refer to the initial price set for a product before any negotiations or discounts.
When dealing with antiques and collectibles, the asking price is the price at which the seller is willing to sell the item.
In the context of buying and selling businesses, the asking price is the price at which the business is listed for sale.
In the real estate industry, a writer may use the term 'asking price' when writing articles or blog posts about buying or selling properties. They may also use it when creating marketing materials for real estate listings.
A psychologist may encounter the term 'asking price' when working with clients who are going through the process of buying or selling a home. They may discuss the psychological aspects of negotiating the asking price and managing expectations during the process.
A real estate agent uses the term 'asking price' when listing a property for sale. They set the initial asking price based on market conditions, comparable properties, and the seller's goals. They may also negotiate the asking price with potential buyers.