Spec Home

A spec house is a home built by a residential contractor purely on the speculation of selling the home prior to completing construction.

What is a ‘Spec’ House?

Spec House

When a builder constructs a house without a contract, it is known as a spec house or a speculation home. There are several advantages to the builder to build a spec house including timing, financial gains and workforce retention. There are advantages to the buyer to purchase a spec house as well.  These include no delay in moving in, an overall lower price, and a simpler contract.

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