This term is been used more now days than before.
An off-market property is a property (whether land, a house, commercial real estate Multi Family residences etc.) that you can’t find a “for sale” listing for. Off market commonly refers to the property not being listed on the MLS, which supplies information to popular home search sites like Zillow.com, Realtor.com …etc.
These properties aren’t listed as for sale, yet. There could be a few reasons why the property hasn’t been listed yet.
The property might be a pocket listing, which means a real estate agent is holding onto it and waiting for the right offer to come along.
Another reason could be that the house is in the early stages of foreclosure, and hasn’t been advertised yet.
Yet another reason could be that the property owner has considered selling, but just hasn’t listed the house for sale, yet.
Use a real estate professional.
If you’re new to real estate, and are looking for off-market properties, make sure you consult a knowledgeable real estate agent. There’s a lot to know about the world of real estate and you’ll want a top-notch expert by your side.
For more information or if you have any questions. Please contact Suhaila Sabir
Excellence Real Estate
8300 Stewart And Gray Rd
Downey, CA 90241
Cell phone: (323) 553-3991