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Updated over 9 years ago on . Most recent reply

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14
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3
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Cowan Bucks
  • Investor
  • Reading, PA
3
Votes |
14
Posts

Buying a market deal off the market

Cowan Bucks
  • Investor
  • Reading, PA
Posted

Hello Everyone, 

Quick question for someone kind enough to elaborate on.

Unfortunately, a friend of the family passed a few months back. His family and heirs to his estate immediately put his home on the market. I had a walkthrough of the property once before and once after it was on the market through my realtor friend.

I'd like to make them a cash offer off the market so they can save some money on commission fees and inherently giving me a better price on the property. 

Question: In the state of Pennsylvania, is it possible to sell the property privately after it's has been on the market ?

Most Popular Reply

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109
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95
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Chad Benedict
  • Specialist
  • Austin, TX
95
Votes |
109
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Chad Benedict
  • Specialist
  • Austin, TX
Replied

@Cowan Bucks

Most sellers sign an exclusive listing agreement with their agent for between 60-120 days, and then there may also be a period of time (1-2 weeks) after that that the seller might still be liable for the agent's commission if they sell the property themselves, depending on the agreement signed. After that, it's no problem to buy from them off market. I'd take @Donald Zaroda's advice and just stay in touch with them periodically as they look to sell.

Best of luck!

Chad

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