November 2020

What is a spec home and should I buy one?

If you’ve shopped or researched purchasing newly built homes, you have most likely come across the term “spec home”, but what does that mean? Simply put, a “spec home” is one that a builder or investor has initiated (and maybe even completed) without a specific buyer lined up, but they are anticipating a buyer will arrive and the reward of a sale will result. In some regions, you'll also hear...

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