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.
It is implied that as repeat buyers, the customer is more familiar with the real estate process than a first time buyer.
[
In 2012, CNBC highlighted the challenges facing move-up home buyers when they owed more on their current homes than they were worth.]
See also
* Property ladder
* Downsizing (property)
Downsizing refers to when a buyer purchases a property which is smaller in size or lower in value than their current home.
Reasons to downsize
There are multiple reasons why a buyer may want to downsize, such as having less inhabitants in the ho ...
References
Real estate terminology
Neologisms articles with topics of unclear notability
Neologisms
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