An upset price, also known as a reserve price, is the minimum price that a seller is willing to accept for an asset, typically set before an auction. It ensures that the seller does not have to sell the asset at an uncomfortably low price.
With over 3,000 definitions (and 30,000 Quizes!), our Lexicon of Real Estate Terms equips buyers, sellers, and professionals with the knowledge needed to thrive in the real estate market. Empower your journey today!