Quick Answer: What Does Resale Mean In Real Estate?

RESALE signifies that a property is being sold by the original buyer of the same while new booking means the property is on sale for the very first time.

What is a resale in real estate?

Resale is considered a standard sale where the seller is a real person and they are selling their home – instead of a short sale or bank owned property.

What is a resale home?

A resale house is any home that has been previously lived in. Just like if someone bought a new construction home last week and got transferred this week and have to move they have lived in it so it is a resale.

What is a resale listing?

A resale listing is a term that would easily apply to “resale” properties which are listed in an MLS accessed by all dues paying member real estate licensees.

How do you buy a house for resale?

Buying a Home with Resale Value

  • Number of bedrooms. As stated above, homes with three or more bedrooms sell faster.
  • Storage space. As stated above, homes with garages are much more likely to sell faster than those without them.
  • Lot size.
  • Curb appeal.
  • Age of Roof, HVAC, and Water Heater.
  • Location.
  • Neighborhood Amenities.
  • Size of home for neighborhood.