The term "home buyer" refers to an individual or group that purchases a home, either as their primary residence or for investment purposes. Home buyers can be first-time homeowners, move-up buyers looking to purchase a larger property, or investors seeking rental income through real estate investments. The process of buying a home involves several steps including finding the right property, securing financing, and closing on the transaction. Home buyers must also be prepared for additional costs such as taxes, insurance, and maintenance expenses associated with owning a home.