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Buying Off-Market Property: A Guide

Posted on 04/04/2023 by Iqbal Nugroho

Why Sellers Might Sell Off-Market

Selling property off-market offers sellers a confidential transaction. Few people will know that their property is up for sale. Off-market sales are sometimes used by people who would prefer that their business contacts, creditors, ex-partners or neighbors and others do not know that their house is up for sale.

Celebrities, high-profile figures and high net-worth individuals (HNWIs) sometimes sell off-market for reasons of confidentiality.

Selling off-market means that vendors don’t have to deal with potentially large numbers of buyers, a large number of viewings and negotiations with many buyers.

Some off-market sellers do so to avoid estate agents’ fees or because they do not want to deal with estate agents.

Selling off-market avoids putting a seller’s asking price in the public domain, which can be a benefit to some sellers. (When a property is listed on portals like Rightmove or Zoopla the asking price is available to anyone and can be recorded for future use. With an off-market sale the sale price will not be publicly available until the sale is completed and it is recorded at HM Land Registry.)

Another reason for off-market property selling is that an owner might not be sure that they want to sell and are just testing the market. In other words, offering a property off-market may be a pre-marketing exercise.

In some cases, a seller might know that a particular buyer is very interested in buying their property. So they feel there is no need to offer it on the market. This can happen if their property is an unusual or unique one.

In other cases, a property owner might have had no intention of selling at all. But they sell because they receive an off-market offer that is too good to refuse.

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alternative ways to sell your house buy my house home realtor home sellers house buying companies house realtor houses how do you search by mls number? how to sell your home online how to sell your house by owner how to sell your own house my realtor national association of realtors realtor realtor.com find a home realtor.com florida realtor.com mi realtor.com official site realtor.com rentals realtor.com texas realtor definition realtor homes for sale realtor logo realtor md realtor nc realtor near me realtor net realtor on realtor one realtor pa realtor pronunciation realtors realtor websites sell home by owner sell home for cash sell home online sell home quick selling a house sell my home sell my own home steps to selling a house by owner the realtor the realtors what does a realtor do yahoo real estate listings

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