There are basically 3 reasons for a seller to list their property off-market.
- Sellers don’t want to pay a commission to real estate agents. Commissions take a large chunk of the seller net proceeds - from 5 to 6 percent. If the seller is comfortable with their valuation of their home and have other outlets to find buyers, this may be their first option.
- Sellers are testing the market. Some sellers are using online service like Zillow and Trulia to test how much they can sell their property for. There services have a “make me an offer” option for sellers to get concrete offers on their homes.
- Seller may have an unconventional situation. For example, properties that are occupied by uncooperative tenants and may have a hard time selling.
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