Which type of buyer typically seeks to move from their current location to a new one?

The type of buyer who typically seeks to move from their current location to a new one is best represented by relocators. Relocators are individuals or families who are usually motivated to change their residence due to various reasons such as job transfers, pursuing higher education, or personal circumstances that require them to move. This shift often involves moving to a different city or region, highlighting the essence of their need for a new home based on their current situation.

While first-time buyers often seek their first home purchase, they may not necessarily be moving from an existing residence in the same manner that relocators are. Upgraders are generally looking to buy a larger or more expensive property, often staying within the same area, and investors focus on purchasing properties for potential profit without the intention of residing in them. Therefore, relocators distinctly fit the profile of buyers actively moving from one location to another, driven by specific changes in their life circumstances.