Trading Up

Definition

  • When one property is sold to buy a more expensive property.

Synonyms
downsizing, downgrading

Related Terms and Acronyms

  • Move-up Buyer Definition,
    • One who is selling a house to buy a more expensive house.
  • Starter Home Definition,
    • A dwelling that is relatively small and inexpensive and bought as a first home.
  • Trading Down Definition,
    • Selling a more-expensive house to buy a less-expensive dwelling.
  • 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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