The Pros and Cons of off-market property saleThu, 15 Apr 2021
What are off Market Properties?
An off-market property is for sale, but it is not marketed or advertised via traditional channels such as real estate marketing campaigns. Instead, it has an agent contacting buyers directly from their database or from people who have gotten in touch with a view to buying in the area. Now let’s look at the pros and cons of selling off-market, and what this could mean for your sale.
Pros of off-market property sales
- Can test the market out, to see if the pricing point is correct:
Determining that it measures up to market value. The advantage to this approach is that if your price is too high and you’re not generating much buyer interest, you can stop the private listing, and move on without anyone knowing the price change and that the property had already been on the market.
- You can maintain your privacy:
Gives you a sense of security about your belongings and possessions, as only a small number of people are going to be viewing your home.
- A quick way to sell
- Potential savings
- There is an opportunity to get a bargain:
- More likely the vendor will accept your offer:
Cons of off-market property sales
- Limited exposure:
- Risk of not getting top dollar:
- Difficulty in judging buyer seriousness:
- Limited options to choose from:
- Need connections:
Interested in knowing more about off-market sales? Contact us to learn how we can help you get the best price for your property or help you find your dream property!