"Home search sites use the label "off-market" all the time, but it doesn't always carry the same meaning. For buyers and sellers, that difference is important. In real estate, the term "off-market" is used in several different ways, and the meaning depends heavily on the context. Whether you're looking for homes in San Francisco, CA or Burlington, VT, understanding what off-market means and how it works can help you make sense of what you're seeing-and how it affects property availability and visibility."
"What does it mean if a property is off-market? In real estate, "off-market" means a home isn't publicly listed for sale, usually because it's not on the multiple listing service (MLS). A property may be off-market because it's not for sale, a listing expired, the seller temporarily paused marketing, or the home is being shared only through a real estate agent's professional network."
The label 'off-market' indicates a home is not publicly listed for sale, typically because it is absent from the multiple listing service (MLS). Off-market status can stem from a property not being for sale, an expired listing, a seller pausing marketing, or sharing only within an agent's professional network. Some off-market homes are actually for sale but marketed privately as pocket, private, or exclusive listings. Public home search sites usually interpret off-market to mean not currently listed based on available data. Real estate agents and investors may use off-market to describe privately marketed opportunities. Off-market status reduces public visibility and affects property availability.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
Unable to calculate read time
Collection
[
|
...
]