Off-market property refers to properties that are not listed publicly on a Multiple Listing Service (MLS) or any other real estate listing platforms, for example Rightmove or Zoopla. Off-market properties are typically being sold privately, either by the owner directly or through an agent who has a network of potential buyers. In some cases, off-market properties are being sold by owners who are looking for a discreet way to sell their property without attracting too much attention or publicity.
Here at Pure Investor, we work with a wide range of off-plan and completed property developments, the vast majority of which come to us through our extensive network of property developers throughout the UK. As with all property markets, developers are often focused on generating sales to support their wider development and business continuity initiatives.
Some developers prefer to sell the full development without actively marketing the development to wider market forces. Other developers simply use off-market sales to drive sales revenues without compromising the wider sales and marketing efforts. As such, certain deals are retained in an off-market centre to ensure prices are protected in other markets.
In todays interconnected world, where a quick search provides various prices on the same property, this ‘off-market’ means of promotion is becoming increasingly important to developers seeking to generate sales revenue.
In short, yes. Off-market properties are often highly sought after by buyers who are looking for unique investment opportunities. In many cases, off-market properties are sold at a lower price than their market value since the seller may be more motivated to sell quickly and without the hassle of a public listing. However, finding off-market properties can be challenging since they are not publicly advertised, and buyers often rely on their network of contacts and relationships with real estate agents to find these hidden gems.
There are a variety of benefits that come with an off-market property investment that are attractive to investors. These benefits include:
If you’re interested in off-market property, get in touch with our team! Simply fill in the contact form on this page or call us on +44 (0) 161 337 3890. Our team of property experts will be happy to discuss our available properties and answer any questions that you might have during your free, no obligation consultation.
Call us on +44 (0) 161 337 3890 or contact us using the form below to arrange your free no obligation property consultation.