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
step-up, upgrade, buildup buyer

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.