An inventory home, also known as a spec home or quick move-in home, is a brand-new house that is either already completed or under construction. It is usually located in a new home community, and buyers can choose from homes that are already finished or in the process of being built. Inventory homes are move-in ready, meaning that buyers can enjoy a faster move-in time compared to custom-built homes. They are sold in their current state, so buyers can either take it as-is or keep looking.