Pre-sold Home

Definition

  • A house that has been sold before it is built. The opposite of a house built on spec.

Synonyms
pre-sale, pre-sold construction, owned development

Alternate Spellings
Pre-sold

Related Terms and Acronyms

  • Builder Upgrades Definition,
    • Refined features or materials that a builder offers for an extra charge.
  • Custom Builder Definition,
    • A contractor that constructs or remodels houses based on plans submitted by the client.
  • Custom Home Definition,
    • A house built according to plans from an architect hired by the owner.
  • Field Changes Definition,
    • Modifications made to a building on-site.
  • Manufactured Housing Definition,
    • Factory-built home that can be placed temporarily or permanently upon land. Styles vary from modest trailers to dwellings that look like site-built houses.
  • Production Home Definition,
    • Homes that are mass produced as part of housing developments.
  • Semi-custom Home Definition,
    • A house in which the buyer cannot alter the layout, but can specify amenities such as type of cabinets and floor coverings.
  • Speculation Builder Definition,
    • A developer that builds houses without a commitment from a purchaser.
  • Speculation Home Definition,
    • A house built before a buyer has been found, on the assumption that one will be found.
  • Starter Home Definition,
    • A dwelling that is relatively small and inexpensive and bought as a first home.
  • Upgrades Definition,
    • Options that allow buyers of newly built houses to select higher-quality floor coverings, cabinets, windows and other amenities for more money.
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