Definition
A property being sold without public listing on MLS or other real estate platforms. Off-market sales are typically negotiated privately with agent assistance.
Where you’ll meet it
How do I find a deal that's actually a deal?
See it in Buying an investment property · Step 4About this term
Off-market properties offer sellers more privacy and control over the sale process but may limit the buyer pool and market exposure. These properties are often discovered through networking, agent relationships, and direct contact with homeowners. Off-market sales can be beneficial for buyers seeking properties that haven't been widely marketed or who want to avoid competitive bidding situations.
Pro Tip
Maintain close relationships with top agents. They often have access to off-market properties before public listing.
Example
The agent knew of an off-market home that hadn't been listed yet because the owners were still deciding whether to sell, and she contacted them on behalf of her buyers.