Secret Guide Reveals Hidden Off Market Property Deals
Financial Considerations
While off-market properties can offer significant savings, it's crucial to conduct thorough due diligence. This includes verifying the property's condition, understanding the local market trends, and ensuring clear title ownership. It's also wise to work with a real estate attorney to navigate the complexities of these transactions.
In terms of pricing, off-market deals may not always be cheaper than MLS-listed properties. However, the lack of competition often results in more favorable terms. According to a study by the National Association of Realtors, off-market transactions can sometimes close 10-15% below market price due to the absence of agent commissions and reduced competition1.