A motivated buyer is a term used in real estate to describe a homebuyer who is highly interested in purchasing a property and is often willing to act quickly, make a competitive offer, or accept less favorable terms to secure the desired property. Factors that may drive a buyer’s motivation can include a job relocation, a need for a larger or smaller home, favorable market conditions, or personal reasons. Real estate agents often seek motivated buyers, as they typically lead to quicker transactions and a higher likelihood of closing a deal.
Related terms
- Buyer’s agent
- Buyer’s market
- Contingencies
- Earnest money
- Mortgage pre-approval
- Multiple offer situation
- Real estate negotiation
- Seller’s market
References
- Realtor.com: “Motivated Buyer: What Does It Mean and How Can You Spot One?”
- Zillow: “Finding Motivated Buyers for Your Home”
- Redfin: “How to Be a Motivated Buyer in a Seller’s Market”
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