Move-up Buyer

Definition

  • A homeowner who sells his or her property in order to purchase a more expensive home. The homeowner is basically upgrading.

Synonyms
buildup buyer, upgrade, step-up

Related Terms and Acronyms

  • Starter Home Definition,
    • A dwelling that is relatively small and inexpensive and bought as a first home.
  • Trading Up Definition,
    • Selling a house to buy a more-expensive house.
  • Upgrades Definition,
    • Options that allow buyers of newly built houses to select higher-quality floor coverings, cabinets, windows and other amenities for more money.
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