What is the expected selling price of a property referred to as?

The expected selling price of a property is referred to as "Value." This term encompasses not just the monetary figure that a buyer may pay, but also the worth that buyers assign to the property based on various factors including location, condition, and market demand.

In real estate, value can be perceived in multiple aspects: market value, which is the price a willing buyer and seller would agree upon; assessed value, which is used for taxation purposes; or appraised value, which is an estimate by a professional appraiser.

The other terms, while related, do not capture this concept as accurately. "Cost" typically refers to the expenditure made to acquire or improve the property, not the expected selling price. "Price" can indicate the actual amount paid but doesn't necessarily reflect perceived worth. "Condition" pertains to the physical state of the property and does not imply a monetary value. Therefore, "Value" is the most comprehensive and accurate term to describe the expected selling price.