Guide Price Of Definition
A guide price is an estimated market value of a property, providing a potential buyer with a reasonable idea of what the seller expects to achieve. It's important to understand that a guide price is not a fixed price, but rather a range or indication, and the final selling price may vary depending on market conditions, buyer interest, and negotiation. Understanding the definition of a guide price is essential for both buyers and sellers in the real estate market to navigate the buying or selling process effectively.