Contact Us About Off Market Property Opportunities

At Professionals Crown Property & Livestock we have a number of clients open to the prospect of selling their properties off market and do not wish to publicly list their property for sale.

In our endeavour to provide market leading service we work exclusively with our clients and buyers to evaluate individual requirements and negotiate a discreet sale.

To register your interest in these opportunities and be kept informed in properties not publicly listed for sale, please use the Register For Alerts button located at the RHS top of our website home page so we can keep you informed.

Because of our profile in the marketplace many property owners, developers and past clients seek our advice prior to placing their property on the open market. Also, some people do not want to be in the “spotlight” and have a sign out the front of their home, unqualified buyers trudging through inspections (neighbours) or they might have a high profile in the public and do not want the media knowing they are selling their home. There are many different reasons why you will not see properties advertised.

What are the advantages of an off-market sale?

To the buyer:

  • A bargain price. There is often little, if any, competition,  – you may find you are the only buyer who knows about the silent listing and this exclusivity can mean buying for a lower price than on the open market.
  • More likely the vendor will accept your offer – If the initially submitted offer is below market value and the vendor is in a distressed position, which is often the case, there is greater potential for the deal to be accepted.

To the vendor:

  • A quick sale – if priced keenly.
  • Usually sold with more terms and conditions. When a vendor wants a low-key sale, the quickie sale is often subject to more conditions including shorter settlement periods, bigger deposits, or inclusive of any building faults.

What are the disadvantages of an off-market sale?

To the buyer:

  • You still have to find a property that meets all of your criteria – location, features, condition and price – so there may be more footwork
  • It’s all about who you know and it takes time to build those insider relationships
  • No marketing materials means you cannot build a visual file of ‘possible’ off market investments

To the vendor:

  • High possibility you will get a lower price than if you advertised your property
  • No chance to go to auction or leverage the enormous passive market of online viewers who regularly surf for investment or owner-occupied properties.
  • You may come out behind. It is horses for courses but the reality is many vendors think they will save a few dollars avoiding advertising costs when listing off market but actually cost themselves $10s of $1000s because off market won’t create the competition of a marketed sale.
Posted in

David Carter Property and Livestock

Leave a Comment





Categories

Subscribe!