One of the mysteries of the English language finally explained.
The lowest acceptable selling price for a property in an auction; a reserve price.
- ‘I don't know whether our city planning development department was merely generous with its upset price or whether the department underestimated the property boom.’
- ‘Buy this for anything like the upset price, and you will be picking up a bargain.’
- ‘Rod Christie, the agent, already has 57 viewings booked and believes that the house will significantly exceed the upset price.’
- ‘It was marketed in 2002 with an upset price of £950,000.’
- ‘Once complete, a house such as this could be worth double the current upset price.’
- ‘There has already been a lot of interest in the house - days after being marketed a closing date was set, so despite its modest upset price, you can expect plenty of competition.’
- ‘The offer exceeded the upset price of £50 000 and acceptance is subject to no objections to proposals for erection of a garage on the site.’
- ‘Usually, they end up not with the house of their dreams, as it sold for 40% over the upset price within days, but the house that will do, and even then they have to throw everything they have into the pot.’
- ‘The £249,000 upset price also includes a host of Victorian features, with cornices, panelling and high ceilings, all furnished in a ‘potently romantic’ style with open fires and ‘lavish window treatments’.’
- ‘House prices in the town have been buoyant in recent times and this upset price appears conservative.’
Top tips for CV writingRead more
In this article we explore how to impress employers with a spot-on CV.