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Barron's Business Dictionary:
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Selling price a property owner sets for the property.
See also
asking price ; bid and asked .
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Barron's Real Estate Dictionary:
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The amount a property owner sets as a selling price for his property.
Example:
Abel has
asked
$75,000 for 20 acres of land, even though its appraised value is only $60,000.
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Barron's Business Dictionary
Dictionary of Business Terms
. Copyright © 2007 by
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Barron's Real Estate Dictionary
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