Are you on the lookout for ways to find off-market properties for sale? Well, you’re not alone. Finding off-market properties matching your investment criteria is an intimidating task; you need to spend long hours reviewing different deals to shortlist the best among them. Not every property being sold is listed on Multiple Listing Services (MLS). Properties that are sold without being listed on the Multiple Listing Services are known as off-market properties. Simply put, such properties are investment properties that aren’t advertised to a wider market. Whether you’re a real estate investor or someone wanting to purchase real estate that is off the market, the following tips are sure to help you find the best off-market properties for sale.
Direct Mail Marketing
Direct mail marketing is one of the most effective ways to find off-market real estate deals. It involves defining your target seller and sending out ads or postcards that show your interest in purchasing their property. Sometimes, property owners don’t even realize they’re ready to sell their property until they are offered an attractive offer.
Use Online Resources
Although online real estate platforms like Trulia and Zillow mainly feature MLS-listed properties, they can also be used to detect off-market deals. Wondering how does it happen? Take Zillow for instance, Zillow lets sellers list their real estate properties a month before their property is listed on the Multiple Listing Services (MLS). Real estate investors can take advantage of this to stay ahead of the competition.
Networking with Realtors
Realtors are closely familiar with the surroundings where you want to purchase real estate. So they can be of great help to you in spotting off-market properties for sale. A real estate agent can tell you about the properties that are available for sale but are not listed on the market.