Definition
Properties that are already constructed and available for immediate move-in. RFO units allow buyers to inspect the actual property before purchase. They typically require immediate payment (full cash or bank loan) as opposed to preselling's spread-out equity.
Examples
- •RFO condo ready for move-in within 30 days
- •See actual unit, not just floor plans
Tips & Best Practices
- ✓Inspect the actual unit before deciding
- ✓Check for any defects or punch list items
- ✓RFO means no construction risk
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