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What does selling "subject to completion" mean?
What does selling "subject to completion" mean? The house I saw had projects that weren't finished. Does that mean the seller will finish the projects and then sell it?
Asked By Tim | Boise, ID | 1761 views | Terms Definitions | Updated 2 years ago
Answers (4)
Amanda Courtney
REP Realty Group
The sale depends on certain repairs or improvements being completed before closing.
- 1 month ago
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Chris Yochum
Dickson Realty
I would certainly recommend that you get some clarity from the specific listing agent or seller so you know exactly what they mean by this, though it sounds like they are selling under construction and will be finishing construction prior to closing or asking the offeror to include this language in the offer.
- 2 years ago
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Julianne Clark
Charter One Realty
Selling "subject to completion" means selling a property with the condition that certain tasks or improvements will be finished before the sale is finalized. Sometimes this is used for new construction or remodeling. House is put on market prior to all work being done. Sometimes this allows the Buyer to choose their own colors and fixtures to have a little opportunity for personalization.
- 2 years ago
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Carol Syler
Premier South
This typically means that the home is under construction and not yet completed. It can also mean it is undergoing a remodel or some type of improvement that is not yet completed, but will be completed prior to closing.
- 2 years ago
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