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What does off-market property mean?

August 16, 2022

We hear it all the time at Listing Loop: "What does off-market property mean?"

Read on to explore the mysteries of our favourite kind of properties.

What does off-market property mean?

Off-market means a property is for sale in the market but it's just not officially advertised as such.

With an off-market property, there is no mainstream advertising, nor will there be an open for inspection or an auction for it.

But the property owner is just as keen to sell the home - and for a nice price - as the property buyer down the street with a big "For Sale" sign and glossy property brochures.

Off-market properties themselves aren't too shabby either, nor are they necessarily being sold off-market because the owner is keen for a fast sale, although this can be the case.

Think of off-market as an in-the-know secret - but one that's not so hidden as you might initially think.

Off-market benefits for buyers and sellers

There's a good reason why off-market properties are increasingly popular - and it's not just because our property market has skyrocketed in the past few years.

There are big benefits to both buyers and sellers in heading down the off-market path.

Buyers

  • Far less competition - no big auction crowds or even busy open house inspections 
  • Excellent price - thanks to less competition and especially if the property owner is keen to sell swiftly

Sellers 

  • More privacy - with no big advertising, greater privacy is a key reason why many people choose to sell off-market
  • No upfront advertising costs - sounds nice, doesn't it, especially when you have other major selling costs such as moving house
  • Freer weekends - no need to constantly keep the house clean for open inspections or have crowds wandering through your home
What does off-market property mean?
Off-market property means property for sale but it's just not officially advertised. With an off-market property, there is no mainstream advertising, and nor will there be open for inspections or an auction.

I'm a house buyer. How do I find off-market property?

So, how do I get in-the-know with these property secrets, we hear you ask?

Well, they could be literally next door, around the corner or at the end of the street.

You'll never know - that is, unless you sign up (for free!) with Listing Loop!

We can give you first-time ever access to properties around Australia that no one's ever seen before (well, except their owners and the agents listing them!) plus we have Buyer Assist services and a Perfect Match option for you.

Of course, you can be as involved as you want in the house-hunting process but basically, your work is done when we arrive.

I'm selling my house. How do I find off-market buyers?

Again, we reckon the best way to sell off-market is by signing up with Listing Loop (admittedly, we're biased though).

The buyers we find for you are genuine and are keen on finding the real deal when it comes to a home so they won't waste your precious time. Off-market buyers tend to be more serious and act swiftly to get in before everyone else. 

Why do I need to sign up with Listing Loop?

We get asked this question a lot too, so we're happy to explain further, especially as we know there are real estate websites who don't ask you to sign up.

So, here's why we ask you to do this:

  1. As we've said, sellers, in particular, appreciate off-market as it gives them more privacy. So, asking you to sign up with us is simply upholding what off-market properties are all about: selecting and protecting the exclusive nature of the off-market concept by securing our listings behind a login.
  2. When you sign up with us, it allows us to match you ASAP with exactly the right properties, which in turn saves you time and stress.
  3. Of course, if you'd rather speak to a friendly voice first or send an email to us with any questions you might have, we've got options for you to do that too. 

We own off-market

Suffice to say, we believe we own it when it comes to the off-market world. 

Our off-market property matching service is free. So, if you're not a Listing Loop member yet, why not join us by signing up or downloading our app?

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