The process of Off Market Properties Melbourne and selling property can be stressful, time-consuming and costly. It’s important to get the best advice available from experienced real estate agents in your area. Real estate agents who have earned the right to call themselves REALTORS(r) are highly skilled professionals who are trained to help you understand the local market, compose a strategy that will attract buyers and sell your home for the highest possible price.
Traditionally it’s been fairly rare for sellers to sell their homes off-market, but it’s becoming more common as the housing market continues to deteriorate and buyers are seeking alternatives to the traditional auction process. Off-market sales occur without public advertising and are arranged privately between the vendor and their agent.
Unlocking Hidden Gems: A Guide to Off-Market Properties in Melbourne
According to Cameron Patterson, founder of InReach Investments, off-market sales are usually conducted for a variety of reasons. These include relationship/marriage breakdowns, financial difficulty, deceased estates or the vendor may be relocating for work.
Patterson adds that buyers also prefer off-market transactions because they’re often less competitive and don’t require the time-consuming trawling of real estate portals, attending open houses or vying to be the highest bidder at an auction.
Those looking for off-market properties can find them on Domain by setting up their search to include “off-market” properties. Once they’ve done this, they’ll receive notifications when a property that matches their search is listed on Domain. They can then enquire, inspect, and make an offer on the property before anyone else sees it.