Definition of Buyer

A buyer is one-half of a real estate transaction relationship and the legal entity that intends to purchase a property.

Why is this term important?

Without a buyer, a real estate listing cannot sell.

Examples of term

In the Canadian real estate marketplace, a person or entity can opt to buy a property for a variety of reasons. As a result, the buyer segment is comprised of first-time home buyers, families looking to move up to a bigger home, couples looking to upsize or downsize in retirement, real estate investors as well as corporations looking to purchase a property.