WHAT IS AN OFF MARKET PROPERTY?

Properties that are sold privately, without going on the open market through portals like Zoopla, Rightmove or Estate Agents are referred to as off-market properties. Often as an investor, this is a great way to find fantastic deals and opportunities.

An off market property is one you won’t find on popular property portals or at your local estate agents. It’s far from your typical sale, but it’s an option many sellers are increasingly taking up for a variety of reasons.

As a buyer, there are several benefits to buying a market off property – but the main struggle is that they can be pretty tricky to actually find, as you can’t just search for them in the regular places.

This is why you need a property sourcing company (like ourselves) to help you find these off-market BMV deals straight to your inbox.

WHY ARE OFF MARKET PROPERTIES SO APPEALING?

There are several reasons for both the buyer and seller that off-market property sales are an appealing prospect. 

• Privacy: One of the main benefits for a seller of any property is the discreet nature of an off-market sale. It’s common for landlords who have tenants and popular figures like celebrities.
• Lower Costs: You’re cutting out the estate agent, which can be a massive cost that’s involved with selling a property.
• Fewer Complications: Let’s face it, estate agents can complicate things – whatever way you look at it, there an extra step between buyer and seller, with a private sale you’ll often directly communicate.
• Below Market Value: Another commonly accepted part of buying or selling a property off the market is that it will generally be lower than the open market.