What is an off market property ?

Off Market

An off-market property refers to a residence that has not yet been publicly advertised and is therefore not officially listed for sale. Although the sellers may have engaged a real estate agent and determined a price, they choose to delay publicly listing the property. During this time, the sellers allow the agent to generate interest from potential buyers, mainly through their own database, before resorting to public advertising or uploading the property to the popular real estate portals such as relaestate.com.au and domain.com.au

There are several reasons why someone would prefer to sell their property off-market. Firstly, it can be more cost-effective to skip the advertising process, saving the sellers some money. Additionally, they may not be inclined to take the property to auction or deal with the inconvenience of frequent open house inspections. Another motivation for off-market sales is the desire for a discreet transaction, without neighbours or friends being aware that they are planning to sell.

As a local Buyers Agent on the Northern Beaches, we have access to the off-market properties through our extensive Real Estate Agents network, having formed close professional relationships with the individual agents within the Northern Beaches suburbs.

Marika Martinez – NE Aspect, Buyers Agent Northern Beaches