Real Estate Glossary

What is Pre-Sold Home?

Pre-Sold Home - A pre-sold home is a home that is sold before construction or renovation is completed. This is typically done by a developer or builder who is looking to secure funding for the project, or by a buyer who is looking to purchase a new home that is still under construction. Pre-sold homes can be a good option for buyers as it allows them to customize the home to their liking and also may give the buyer the opportunity to purchase a home at a lower price than the market value once it is completed.