“RFO” in the context of condominiums stands for “Ready for Occupancy.” This term is used to describe units that are fully completed, and all necessary permits and approvals have been secured, making them ready for the new owner to move in immediately after purchase. RFO units are often preferred by buyers who are looking to move in right away or who wish to see the exact unit and its finishes before making a purchase. These units contrast with pre-selling condos, which are sold during the planning or construction phase and might offer lower prices but require the buyer to wait until the construction is completed.