A move-up home is a real estate term used to describe a larger and/or more expensive home that a person moves into from a smaller home.[1]

It is implied that as repeat buyers, the customer is more familiar with the real estate process than a first time buyer.[1]

In 2012, CNBC highlighted the challenges facing move-up home buyers when they owed more on their current homes than they were worth.[2]

Move-up home purchases increase when interest rates are low.[3]

See also

References

  1. 1 2 "Six tips for move-up buyers". Washington Post. June 18, 2019. Retrieved June 25, 2021.
  2. ↑ "Where Are the Move-Up Home Buyers?". CNBC. August 1, 2012. Retrieved June 25, 2021.
  3. ↑ "Severe Winter Hurts Sales of Existing Homes". NY Times. January 28, 1997. Retrieved June 25, 2021.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.