Mar 11, 2023

Off Market Properties

In a nutshell, an off market property is a property which is not being openly offered for sale on the market whether through an estate agency or any other method. The off-market property market is sometimes called the ‘secret property market

Almost a quarter of London homes were sold off-market in the final three months of last year, according to broker Hamptons International. That’s more than double compared to the same period of 2019 — the final quarter before the pandemic — when under-the-table sales claimed 11% of total market share.

Pros

  1. You can test the market price
  2. You can maintain privacy
  3. No “Days on Market” pressure
  4. Potential savings
  5. Buyers are more serious

Cons

  1. Less Competition
  2. Possibility of attracting a Lower market price