List price
The price the home is listed at on the market. Also called the asking price. It's a starting point, and the final sale price is often different.
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Where this comes up in a sale, and what follows
- Set up your closing team (comes before)
Part 1 of 4
Why a seller cares
It is the one decision every other piece of the sale leans on. Too high and the home sits, then sells for less after the cut; too low and it leaves money on the table. Most of the getting-ready work exists to support it.
Part 2 of 4
A simple example
Comps say $305,000. A list price of $309,900 leaves room to negotiate; $329,000 puts the home in a bracket where buyers compare it to bigger houses.
| The list price | What tends to happen |
|---|---|
| $309,900, near the comps | Showings in week one, offers near $305,000 |
| $329,000, well above them | Showings from buyers who wanted more house; few offers; a cut in month two |
| $295,000, under them | Many showings, possibly several offers, sometimes a bidding war |
The list price picks which buyers see the home and what they compare it to.
Part 3 of 4
What people get wrong
That listing high leaves room to come down. It costs the first two weeks, which is when the best buyers were looking.
Part 4 of 4 · where to read next
Where it appears in the sale
What a definition is, and what it isn't
Keighbor is a software company, not a law firm, brokerage, or tax adviser. This is general information, not legal, tax, financial, or real estate advice about your sale. Your situation may differ. Before acting on a contract, disclosure, title, tax, or pricing question, ask an appropriately licensed professional in your state.
Written and researched by Keighbor Research · drawn from the reference glossary · how we research and check what we publish
In your Room, this word explains itself where it appears.
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