If you have been in the market for a new home, you are probably finding that a large percentage of homes available are listed as "Pre-Sales". A pre-sale may be a home that hasn't even had a building permit issued, or it may already be in construction. While home pre-sales are very common in the real estate industry, it is critical that you have an understanding of the process that the builder goes thru, the time line to complete the home, and the considerations that must be taken about your appraisal, closing and possession.
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