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What is Turn Key

Turn-key is a term used by listing agents in marketing remarks to indicate that the home is move-in ready. This means that all appliances are in working condition and there are no obvious structural or electrical issues with the home. However, this doesn’t mean that you shouldn’t get an inspection if you decide to make an offer on a home marketed in turn-key condition. Homes that aren’t in turn-key condition may include new construction that isn’t completed at the time an offer is made or if a home requires extensive repairs.