Debunking the Most Common Off-Market Property Myths & Mistruths
In the age of the internet, misinformation and outright scams are just about everywhere you look.
So I don't blame anybody who hears about the insane benefits of buying a home off-market and looks at it with skeptical eyes.
It can definitely seem too good to be true, so I want to use this blog post to explain why this works in further detail.
We'll look at some of the common misconceptions and myths around off-market properties so you can make an informed decision on whether this is the right fit for you.
Myth #1: Homeowners Would Never Want to Sell Off-Market
When you hear something like the fact that you can save 25% on one of life's biggest purchases by simply buying off-market, it can naturally raise some alarm bells.
Your first question is likely to be, "Why would a homeowner ever be willing to sell at such a steep discount?"
And frankly, that was my first question as well when I first learned of these strategies.
But as I started doing some advertising and had sellers starting to reach out to me, I was blown away by how receptive people were to selling off-market, and often times at a steep discount.
Ease of Sale
See, when homeowners start thinking about selling their home, they typically get a serious case of anxiety.
If you've ever sold a home, you know what I'm talking about...
Getting everything packed up, painting, coordinating all the miscellaneous repairs in the home, keeping it spotless for showings, and having those showings constantly interrupting your life...
It's enough to make anybody think long and hard about how badly they want to sell.
But what if there was a way to avoid all of that? What if you valued peace of mind and a simple, streamlined process over squeezing every last penny out of the home? Or what if you were in financial distress and had to sell quickly?
As I started talking with more and more homeowners, I realized there were tons of people who fell into one of these camps.
They simply weren't willing to list the home traditionally on the MLS or Zillow™, and were happy to give up some potential profits for the sake of having a more private, simplified, and more sure sale.
The other benefit to selling off-market is that the seller typically gets charged a lower commission.
Because in most cases the agent is representing both the seller and the buyer, they can typically offer a more favorable commission rate.
This means the seller gets more take home proceeds and thus allows them to offer a better price to the buyer.
Myth #2: Off-Market Properties Are Hard to Come By
For a lot of the reasons I listed above, this simply isn't the case.
When you know how to put the right message in front of the right homeowners, it can actually be fairly simple to find people willing to sell their home off-market.
At the end of the day, plenty of people want a hassle free sale more often than they want to maximize every last penny they can get out of the home.
That's why working with a team who knows how to find these people and put the right message in front of them is the best thing you can do to ensure you find the perfect home at the right price.
Myth #3: Off-Market Properties Are The Only Way To Get A Good Deal
While I'm clearly a big believer in buying off-market, I'm not here to tell you it's the only way to find the perfect home at an amazing price.
The MLS and Zillow™ can actually sometimes have some great listings. The challenge is you have to act incredibly fast when those homes hit the market.
So think of adding off-market homes to your search as an additional tool in your tool belt.
After all, when you're making one of the biggest purchases of your life, why would you not want to give yourself every advantage?
Wouldn't you want to turn over every stone to make sure you're finding the best possible options for you and your family?
If you're ready to jump in and find the perfect home, my team and I are standing by and ready to help via our Perfect Home Finder program.
In it, we handle everything so all you have to do is pick which home works the best.
We'll do all the marketing, door knocking, cold calling, and negotiating.
You just tell us what the perfect home looks like to you, and we'll get to work.
Finding the right place to call home for our clients has been incredibly rewarding for my team and me. Nothing quite beats seeing the smiles on their faces when they move in.
And frankly, if you've made it this far, I want that for you too. But don't take it from me. Here's what some of our clients had to say themselves:
Here's Proof That Our System Works...
He had our back 100% and made the deal happen!
"We have worked with Alex and his team on multiple occasions. He never fails to make his clients a priority. Alex and his team strives to get each and every deal done with always going above and beyond. We can’t thank Alex and his team enough for all their hard work and dedication. Thank you Alex !!"
Strongly recommend Alex
"Alex made the entire house hunting experience easy and pleasurable. He listened carefully to our criteria and only brought great options. He was supportive and helpful throughout the inspections and closing. In addition he provided recommendations for contractors. Strongly recommend Alex!!"
Alex's team went above and beyond
"I was very fortunate to find The Alex Owens Team online when I began my home search. I called them and in just 2 weeks we found my perfect forever home. They went above and beyond making sure the purchase was perfect. Four hours later, YES, FOUR hours later Alex's team brought me a full price offer for my condo, which had NOT even made it to MLS!"
So if you're ready to get started, I put together a free, quick video going over how we work with clients.
Give it a watch at the button below.