Definition
Properties sold before or during construction, typically at lower prices than RFO. Buyers purchase based on floor plans and scale models. Payment is spread over the construction period (2-5 years), making it more affordable monthly but requiring patience.
Examples
- •Preselling prices 10-30% lower than RFO
- •Pay equity over 24-48 months during construction
Tips & Best Practices
- ✓Verify developer's License to Sell
- ✓Check developer track record for delays
- ✓Understand the risk of final product variation
Related Terms
More in Property Types
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