An off market property is a real estate listing that is available for sale, but has not been publicly listed or advertised online such as property portals and print media. Off market properties are usually marketed through networks or directly to potential buyers such as buyers agents.
There are multiple reasons why a property owner may choose to sell their property off market such as:
– Maintaining Privacy
– Time Constraints
– Personal Circumstances
– Avoiding Media Attention or Unwanted Visitors
Why Sell Off-market Properties?
Another reason why vendors choose to sell their property off market is to test the market prior to listing their property publicly. In some cases a property owner might want to see what interest their property has gained with buyers prior to committing to marketing costs and formally listing their property for sale.
Benefits of Off Market Properties
Off market properties can be a great option for buyers who may be looking for a unique property or a rare property that is not available and listed publicly. Working with a buyers agent who has strong relationships and gains access to off market properties and pre market properties can be an excellent opportunity and benefit the buyer in multiple ways. Off market properties can offer benefits to buyers such as reducing competition that exists when publicly listing a property for sale. Additional advantages of off market properties include:
– Exclusive access to properties
– Increased privacy and discretion
– Potential for a faster transaction
– Reduced competition
If you are interested in how Austin Buyers Agents can benefit you, take a look at our services.