An Off Market Properties Melbourne sale is one that is conducted without it being advertised to the general public. This is a popular way to sell property and has advantages for both vendors and buyers.
For vendors, selling off-market allows them to bypass the need for an auction campaign which can be costly and also reduces their exposure to the public during the pandemic. This is especially important for prestige properties where privacy may be a factor.
In addition, selling off-market can speed up the process as it avoids the need for open inspections and allows sellers to respond to interest more quickly. For buyers, there are fewer properties competing with each other and often a better chance to negotiate.
Off the Radar: Why Off-Market Properties Are Shaping Melbourne’s Real Estate Landscape
Getting to know the local market is a great place to start for finding off-market properties. Calling your local agents will give you a good idea of what’s coming to market and where the best opportunities are. A well-connected agent will likely have insider information on off-market listings that you can’t find online.
If you want to increase your chances of securing an off-market property, register on Domain and set up personalized alerts to hear about new properties that match your search criteria. This way, you’ll be the first to know about off-market properties in your area and have a chance to inspect and make an offer before anyone else.
