Off Market Is Not Better
I get people asking me all the time, "Where do I find off market deals!!!".
While off market deals can be great "deals" this isn't always true and there are quite a few differences from dealing with listed properties.
- Typically (but not always) the seller is firmer on price
- There is not room to negotiate for repairs, remember they're trying to sell without the hassle of listing
- "off market" is not truly off market unless you've done the marketing, chances are multiple people know about it
- There's probably a reason it's not listed. Everyone knows the market is hot right now, listing allows the most people to see it, why wouldn't you list?
- It's harder to get information about the property
Off market properties can also be a great deal! I always have some off market listings that I offer to clients and have also gotten great deals for myself through marketing. Direct mail and writing letters really does still work, just be consistent.
Comments