your listing will not be put under the public eye, you can avoid paying fees for photographers, staging the property and even listing fees.

off-market allows sellers to put a price point that they want on the property and have an idea of how the real estate market will generally perceive the property’s feasibility. also allows vendors to see how their price compares to the market’s pricing for the property. For example, if the price point is priced too high, sellers have the chance to drop the price before adding it on listing sites.

Days on the market, or the total number of days a listed is often a source of pressure and stress from sellers.

for individual reasons sellers may prefer privacy when selling their properties. In some cases, vendors who are selling properties choose this selling concept to protect their tenants’ privacy. Or maybe it could be that your property is foreclosed on and you would like to keep it private

choosing to go with an off-market concept will allow you to keep your property away from an open market. generally, only people registered who are on the off-market platform will know your property is for sale.

when going off-market, sellers have the potential to achieve a quick sale, at a good price. Sellers can also avoid lengthy sales campaigns, which can take several months.

buyers in these types of transactions tend to be more serious about closing a deal. meaning you will not have to deal with inquiring “just looking” in an open home or window shoppers who saw your listing on a website, whom some are there just to see how your property compares.

This will make competition (if any) less competitive, and there is less chance of a bidding war . This means that in the end, a seller could only wonder if their property could have achieved a higher price in the open market.

While there are no official days on the market when selling off-market, there is still a chance that you may have to be more patient .

Make sure to communicate with your buyer’s agent or estate agent before you proceed with any negotiations, as these professionals have more experience sourcing genuine buyers.

off-market costs and terms ensure you check the fees before your property sells so there are no surprises at the end. Many sellers, however, the convenience of not having to pay for upfront fees and the perks of the “no sale, no charge” rule significantly outweigh the financial burden of finding these funds as soon as you decide to sell your home.

Research is the key to buying a good investment property. and if you are looking to purchase one, it is more than likely that you’ll spend hours looking through real estate property websites and spending your all your available time attending open houses. When buyers sign up to an off-market real estate platform, they are required to have a specific list of criteria their desired features (e.g. how many bedrooms, pool, garage, etc). When a property that matches their specific criteria is found, buyers will be notified immediately via SMS or email. This gives you more time to focus on other tasks or just enjoy any spare time.

total number of days a listing is on the active market or days listed before a property is sold, this is often a source of pressure plus a little anxiety from sellers. with an off-market listing it doesn’t have an official start date, sellers have more time to test the market out without the worry of a negative impression from potential buyers. It just makes the entire process of buying less stressful

If the initially submitted offer for the property is below market value and the vendor is in a distressed position (which is usually the case for these transactions), there is a greater chance for the offer to be accepted.

buying off market the buyer has unique access to properties only listed with certain real estate agents not listed on the mainstream.

Buyers may not have a large selection of properties to choose from if they only want to purchase off-market. there has been an increase in popularity, but it is still not the preferred method for most sellers, which may limit buyers’ options.

Like sellers, buyers need to be patient with this type of approach. For areas that have high clearance rates, sellers are less keen to apply an off-market strategy, making the waiting time for the perfect property longer for buyers. The key to a successful off-market purchase is tracking down the right real estate agent that can help you find the right property

some off-market properties can be distressed properties in foreclosure stages. You will then battle with the ethical dilemma of achieving a great deal because of someone else’s misfortune.