The Term "Off-Market"

[Xavier Randall]

I here people always saying you should look for "Off Market" deals for better pricing on properties. I'm I missing something. I run into FSBO's all the time and doesn't mean the owner is not wanting the same offers as the properties that are on the MLS. They just don't want to deal with paying an aget commission. To them that more profit...not more money to give away by selling cheaper.

[Andrew Syrios]

Off market properties just means properties that aren't currently listed. So a FSBO is technically on the market even though it's not on the MLS. Off market would be like mailing to a foreclosure or out-of-state owner who hasn't listed their house or perhaps a "pocket listing" that a real estate agent is bringing to good buyers before listing. This means you have less competition. Regarding most FSBO's, they're usually over-priced.