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
The term property ladder, widely used in the United Kingdom, describes the relative differences in constant terms from cheaper to more expensive housing.
According to this metaphor, an individual or a family can progress by stages from more aff ...
* Downsizing (property)
References
Real estate terminology
Neologisms articles with topics of unclear notability
Neologisms
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