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Glossary of Terms > L > Listing Price

Listing Price

The initial price that the seller is asking for, or lists with the broker he/she is working with or through for-sale-by-owner avenues. While the property may end up selling for this price, you can offer anything you choose. Often times, the listing price is 5-10 percent higher than what the home actually goes for. It is up to the seller whether or not to accept an offer, and the listing price (also known as the asking price) is often merely the starting point during negotiations.

L Terms

Lease

Lease Option

Liabilities

Lien

Life Cap

Line of Credit

Liquid Assets

Lis Pendens

Listing Price

Loan

Loan Officer

Loan Origination

Loan Servicing

Loan-to-Value Ratio

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