Presale


Definition of "Presale"

Susan Kumpula & Edward Heitchue
  Remerica United Realty

Selling a commercial or residential unit prior to its completion. For example, a residential home developer discounts the price of a home by $10,000 if prospective buyers will agree to purchase prior to its completion. This enables a developer to obtain a construction loan to complete additional units.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Trading On Equity

Also called financial leverage. The use of borrower funds to magnify return. Trading profitably on t ...

Comparative Negligence

In some states, principle of tort law providing that in the event of an accident each party's neglig ...

Incumbrance

A right or interest in property held by a third party, which often limits the use and diminishes th ...

Policy Anniversary

12-month period from the date of issue of a policy as stated in its declarations section. ...

Crude Death Rate

Total deaths as a percentage of total population for a stipulated period of time. ...

Large Loss Principle

Transfer of high severity risks through the insurance contract to protect against catastrophic occur ...

Related Real Estate FAQ

What Is Equity?

Equity is the financial interest or cash value of your home, minus the current loan balance(s). If s ...

Do I Need Earthquake Insurance?

If you live in an Earthquake zone. Yes! Typically most homeowners insurance insurance coverage would ...

What Are Basis Points?

Basic points relates to changes in the interest rate for your home. ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Gue ...

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

What Is Earnest Money?

Earnest money is a deposit you make when you make an offer on a house. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

How To Choose A Realtor How To Get A Loan with Bad Credit When to buy a house 6 Reasons you are not selling properties 10 Tips for Homebuyers

FAQ

What is a conventional mortgage? What is an overall debt ratio? What do I need to know about Managed Care Insurance: HMO, PPO, & and POS plans? What is a fixed-rate mortgage? What do I need to know about Pet Insurance?