asking price

USAGE SUMMARY

"asking price" is correct and is commonly used in written English.
You can use it when someone is inquiring about the price of something and asking what the seller's asking price is. For example: We asked the seller what their asking price was for the house.

✓ Grammatically correct

News & Media

Wiki

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

60 human-written examples

The asking price: $35.

The New York Times - Books

B: What's your asking price?

The New Yorker

She assumed that "nobody pays asking price.

The New York Times

Its asking price now is €18.5 million.

The New York Times

The asking price covers all the furnishings.

The New York Times

What factors went into your asking price?

The New York Times

The asking price was still being determined.

The New York Times - Sports

The asking price now: $4.8 million.

The New York Times

The asking price was £430,000.

The Economist

Five over the asking price.

The Guardian - Money

So is the asking price.

The New York Times

Expert writing Tips

Best practice

When discussing real estate, be specific about whether you mean "asking price" or final sale price. This avoids confusion during negotiations.

Common error

Avoid using "asking price" interchangeably with the final sale price. The "asking price" is the initial price set by the seller, while the sale price is what the buyer ultimately pays.

Linguistic Context

The phrase "asking price" functions as a noun phrase, typically used as the subject or object of a sentence. It identifies the initial price a seller requests for a product or service, as affirmed by Ludwig.

Expression frequency: Very common

Frequent in

News & Media

72%

Wiki

14%

Formal & Business

8%

Less common in

Science

3%

Encyclopedias

2%

Reference

1%

Ludwig's WRAP-UP

The term "asking price" is a commonly used noun phrase that refers to the initial price a seller requests for an item or service. According to Ludwig, its grammatical status is correct, and it appears most frequently in news and media contexts. When using this phrase, ensure it's not confused with the final sale price, which may be different after negotiations. Consider using alternatives like "list price" or "initial price" for variety. Remembering these points will enhance clarity and precision in your writing.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

list price

Refers specifically to the price listed by the seller, similar to "asking price" but perhaps more general.

sticker price

Often used for cars and other retail items, indicating the initially displayed price.

selling price

A more general term that could refer to either the "asking price" or the final agreed-upon price.

initial price

Emphasizes the starting price point in negotiations or sales.

quoted price

The price that is formally stated by the seller.

advertised price

The price that is used on advertisement.

price tag

Identifies the price shown.

valuation

Indicates an estimated value, which might influence the "asking price".

market price

Relates the "asking price" to the prevailing prices in the market.

price request

Emphasizes the seller's action of requesting a particular price.

FAQs

How is the "asking price" determined?

The "asking price" is typically set by the seller based on factors like market conditions, comparable sales, property features, and desired profit margin.

What can I say instead of "asking price"?

You can use alternatives like "list price", "sticker price", or "initial price" depending on the context.

Is it common to pay the "asking price"?

Whether you pay the "asking price" depends on market conditions. In a seller's market, it may be necessary, while in a buyer's market, you may be able to negotiate a lower price.

What's the difference between "asking price" and appraisal value?

The "asking price" is set by the seller, while an appraisal value is an independent assessment of an item's worth, often used by lenders to determine loan amounts.