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Also known as quiet or pocket listings, off-market homes are properties that may be for sale but aren’t listed on multiple listing services (MLS). That means real estate agents who sell these properties must do the legwork to find buyers on their own.
Listing homes off the market was a bit of a rarity in the past but has gained traction with homeowners. These listings become a secondary market of sorts, especially in the face of increasing demand and tight inventory.
Potential homebuyers want to stay ahead of their competition. Home sellers may want to keep the sale of a house private or save money on real estate commissions. This is where off-market listings come in.
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Address: '123 Main St, Anytown'
Neighborhood: 'Downtown'
Zip: '98115'
City: 'Anytown' or 'Anytown, State/Province'
MLS number: 'MLS# 38065544'