What is an off market listing?
There also known as silent listings or off market real estate. An off-market sale is a term used to define a property that is for sale without public advertising.
The vendors / owners are motivated sellers that are usually looking for a quick sale or a sale with special terms.
Who has access to these listings? Everyone! Typically buyers agents & real estate agents have the most access to these type of property sales, but the Melbourne real estate market is changing everyday.
Off-market listings are not widely promoted to the general public, generally the are only promoted through a real estate agents network of contacts, buyers agents or other property buyers.
Sellers may choose off-market listings to maintain a higher level of privacy. This can be especially appealing to individuals who want to sell their property discreetly without broadcasting it to a wide audience.
Some high-end or luxury properties are often marketed off-market to create a sense of exclusivity. This can attract buyers who are looking for unique or rare opportunities.