Auctions & Sales
Hammer Price
Short Definition
Final property price in auction when hammer falls, becoming binding on both parties, basis of final sale contract.
In Other Languages
Arabic
سعر المطرقة
السعر النهائي للعقار في المزاد عند نزول المطرقة، يصبح ملزماً للطرفين، أساس عقد البيع النهائي.
English
Hammer Price
Final property price in auction when hammer falls, becoming binding on both parties, basis of final sale contract.
Turkish
Çekiç Fiyatı
Çekiç düştüğünde müzayededeki nihai mülk fiyatı; her iki taraf için bağlayıcı hale gelir, nihai satış sözleşmesinin temeli.