What is the definition of a new home?

The definition of a new home, particularly within the context of manufactured homes in South Carolina, is best captured by the understanding that a new home is one that is still in the possession of the original retail dealer. This definition emphasizes that the home has not been sold to a consumer or titled to anyone else, thus maintaining its "new" status.

This situation indicates that the home has not undergone any prior ownership change, thereby ensuring it qualifies as new for sale purposes. This distinction is crucial in the manufactured home industry, as it affects various aspects such as warranty coverage, financing options, and sales regulations, all of which are typically more favorable for homes labeled as new.

In contrast, homes that have been previously titled or sold, regardless of their age, would not fall under the new category. Therefore, this option properly identifies the key aspect of a home’s freshness in the dealership realm, making it the most accurate definition among the choices presented.