real estate

What is a motivated buyer?

 

What is a motivated buyer?

The Bankrate.com financial term of the day is: "Motivated Buyer"

Maybe you just landed a job in a new city and need to relocate in a hurry, or you put your house on the market and it sold immediately, before you had much of a chance to shop around for your next house. In either case, you are a motivated buyer. That's someone who's understandably eager to make a purchase.

In the housing market, a motivated buyer is a homebuyer who has a strong reason to buy, and buy quickly.

To shop for the perfect home loan, visit the Mortgages section at Bankrate.com.

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