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Updated over 5 years ago on . Most recent reply
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Does "Off Market" Really Matter to You
We talk about Off Market vs. MLS properties all the time. There is a draw to the idea of off market properties, but are we neglecting opportunities all over the market? Any real life examples of some amazing MLS flips?
Most Popular Reply
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Deals on the MLS are marketed to the masses. You are more likely to be outbid. An off market deal that you find yourself is known to a much smaller pool of potential buyers. Chances are, your offer is the first and only one they will see.
Sellers on the MLS may also be in a position where they can wait for a market value offer on their home. Off market sellers may be more willing to sell below market, in exchange for a quick close, due to personal or financial circumstances.
As @Leah Stuever said above, there can be deals on the MLS. The issue is that "everyone" is looking at it.