Off Market Property?

By
Real Estate Agent with 410-935-5844 Office 634480

Off Market Property?

Some investors will ask me if I have any off market properties?

Why?  If it is off market, then it is not available to purchase. 

Why would you care about something that you can not purchase?

Or, by off market, do you mean not listed by a real estate agent and not advertised on the multiple list?

In other words, not listed by a real estate agent who would be looking out for the interests of the owner, someone who would assure that all necessary disclosures are in the contract,  someone who would provide a competitive market analysis to determine a reasonable price, someone who could point out clauses that are designed to tie up the property and provide outs to the buyer if they can not find another buyer to whom they could assign the property, and clauses that are simply not in the best interests of the owner.

In other words, not on the multiple list, where free market principles can provide multiple competitive offers as compared to a single individual's offer, which is designed to eliminate all competition.

By off market do you really mean ripe for ripping off the owner.

Or, maybe off market is just an oxymoron and I am reading too much into it.

Comments (3)

Karen Krzniak
Zenith Realty - Towson, MD

Ron,

I think that you hit the nail right on the head in explaining this one.

Nov 08, 2023 11:45 AM
Kathryn Sparks
Zenith Realty - Baltimore, MD

Ron,

These buyers will talk about things like cash, as is, no commission, and so on, but they will not talk about how the equity in the property that is the owners will become the equity of the buyer because the offer is so far below the property value.

Nov 08, 2023 11:50 AM
Charles Ross - eXp Realty LLC
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Ron, your post provides an insightful perspective on the concept of 'off-market' properties in real estate. It's a great reminder of the value that real estate agents add in ensuring fair and informed transactions. Highlighting the importance of representation and market exposure is key for both buyers and sellers to understand. 🏠🔍 #StayMotivated #RealEstateEthics

Nov 27, 2023 10:08 PM