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.
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What does pre-sold home mean?
Related terms
Blanket Insurance Policy
Conditional Commitment
FHA disclosure
Appraisal Contingency
Americans With Disabilities Act
Radon disclosure
Building Restrictions
Estimated Increase In Equity
Parcel
Property Tax Deduction
Appraisal Report
RESPA
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Add-On Interest
Escrow Company
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