Move-Up Buyer Challenge

The typical move-up buyers are couples in their 30’s to 40’s who need more space for their growing families. In our area, the common profile of a move-up home is a 2-story, 4-bedroom, 2 ½ bath with a finished basement and a 2-car garage priced between $400,000 – $600,000. The challenge for the move-up buyer is the lack of inventory in this popular niche because the current owners of these homes are staying longer. The recession prevented the current owners from moving to a luxury home years ago, some owners still don’t have enough equity, those that recently refinanced will stay put for a while yet. Recent empty nesters are waiting to see where their kids will settle before making a moving decision.

About Richard Gerber

Living Your Lifestyle A home is more than just architecture. A home supports our lifestyle. Whether you entertain large groups or prefer intimate gatherings. If you need privacy to work from home or an energizing space to spark creativity. Do you prefer a vibrant urban hub or quiet rural setting. A home nurtures who you are, it is why we feel comfort there, and it is why it is so important to us. We provide highly personal service to people buying and selling their most valuable asset, and their transition to their next home. We make the experience enjoyable, predictable, and worry free. We specialize in Sellers, Buyers and Investors of Luxury Homes, Single Family Homes, and Town Homes in Schaumburg, Palatine, Hoffman Estates, Elk Grove Village, Rolling Meadows, Inverness and other suburbs in Northern Illinois. For more information, feel free to contact me at or visit
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