What Is Spec Home?
A spec ("speculative") home is a new-construction house a builder starts and finishes without a confirmed buyer, choosing the floor plan and finishes based on what the builder expects will sell.
Why it matters
Spec homes are typically move-in ready sooner than a to-be-built home, but offer less ability to customize floor plan or finishes.
Related Terms
More New Construction Terms
This definition is provided for general educational purposes and is not financial, legal, tax, or real estate advice. Verify important decisions with appropriately qualified professionals.
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