Listing Price

Definition

The asking price determined by a real estate agent's psychic abilities and wishful thinking, divorced entirely from actual market reality.

Example Usage

The listing price is $850k, but we'll probably accept $720k because real estate pricing is theatre.

Source: Real estate terminology

Related Terms

Intermediate

Selling Agent Commission

The percentage of the sale price paid to agents—traditionally 5-6% split between buyer's and seller's agents because that's what we've always done.

🏠 Real Estate

Advanced

tax shelter

An investment strategy using real estate's depreciation deductions and other tax benefits to reduce taxable income. It's completely legal alchemy that turns rental properties into write-offs.

🏠 Real Estate

Beginner

trundle

A low bed on wheels or casters that rolls under a larger bed for storage, or to move something by rolling on wheels or casually walking. The verb form means to roll or move along smoothly.

🏠 Real Estate🍳 Food / Culinary

Beginner

Amenities

Features and facilities that make a property more attractive or livable, such as gyms, pools, or that one neighbor who actually maintains their lawn.

🏠 Real Estate

Intermediate

CDOM

Cumulative Days on Market—total time a property has been listed, including periods off-market and relisting. It's the zombie metric agents hope nobody notices.

🏠 Real Estate

Beginner

setbacks

In real estate, the legally mandated buffer zone between your dream home and the street—because apparently neighbors don't trust you to build right up to the sidewalk. This zoning requirement ensures adequate spacing for utilities, pedestrian safety, and keeping your McMansion from literally looming over passing joggers. Think of it as the government's way of forcing you to have a front yard whether you want one or not.

🏠 Real Estate

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