Off-Market Properties

Definition:

Off-market properties are real estate properties that are not listed publicly on the Multiple Listing Service (MLS) or other major platforms. These properties are typically sold privately through direct negotiations between the buyer and seller or via private channels such as real estate networks, investment groups, or word of mouth. Off-market deals can offer unique opportunities for buyers and investors to purchase properties without competing in the broader market.

🔍 Did You Know?
Investors often seek off-market properties to avoid bidding wars and take advantage of potential deals that may be undervalued or not yet widely known.

Examples:

Example 1:
An investor is approached by a homeowner looking to sell their property directly without listing it on the MLS. The two parties negotiate privately, and the investor purchases the home off-market, avoiding competition from other buyers.

Example 2:
A real estate agent has a network of property owners looking to sell their homes quietly. They match a buyer with one of these off-market properties, allowing the buyer to acquire the property without it being publicly listed.

Why It’s Important:

Off-market properties present a valuable opportunity for both buyers and sellers. Buyers can potentially find deals below market value or secure properties without facing competitive bids, while sellers may prefer the privacy of a non-public transaction. Off-market deals are especially attractive to real estate investors looking to get ahead of the competition and secure exclusive properties.

Who Should Care:

• Real estate investors seeking unique deals or undervalued properties without market competition.
• Buyers who want to explore options beyond publicly listed properties.
• Real estate agents who want to leverage their networks to find off-market opportunities for clients.

The open real estate company

Picket is on a mission to make real estate open, efficient, and fun for all

Try Picket

Picket Help Center

Picket Help Center Get practical, step-by-step answers to using Picket Quick start guide Create new account Add existing investments Invite team to collaborate Learn to use Picket Explore properties Buy & sell Analyze investments Research markets Team & Vendor Collaboration Create custom strategies More tutorials & content Picket Web ServicesOpen API Use Picket’

PicketPicket Team

Create Your Picket Account

Open {pricing} API

Already have your own system? No problem. Try Picket's API instead.

Developer Docs

Learn to use Picket

Explore properties

Buy & sell

Analyze investments

Research markets

Team & Vendor Collaboration

Create custom strategies