What is an Off-Market Property?
An off-market property is a property that was not listed or marketed for sale to the general public at the time it was sold. These sales are often initiated by brokers who see a match between a specific property and the buyer. Some sellers prefer off-market listings to maintain privacy or create a sense of exclusivity, resulting in a higher selling price.
For buyers, these listings provide access to additional inventory and the opportunity to avoid competition. Off-market property sales can happen in one of two ways. The seller either advertises the property to a select group of buyers or negotiates with the buyer directly without ever marketing the property for sale.
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