What is an off-market deal?
If you’re wondering, chances are you aren’t alone. In real estate, an off-market property is one that has not been publicly listed on the MLS (multiple listing service).
What this means for buyers: As interest rates remain low, today’s market has a surplus of demand and diminishing levels of inventory. When you invest in an off-market property, you are opening yourself up to more inventory, equity, and greater opportunity to excel in today’s competitive market.
When working with a seller on an off-market property, the deals are more unique. Sellers & buyers alike are looking for transactions with minimal headaches and quick timelines. Since they are more exclusive in terms of accessibility, you decrease the odds of getting in a bidding war, like so many of us have experienced with listed properties over the past two years.