In the competitive world of real estate, savvy investors are always on the lookout for strategies that give them an edge. One such strategy is buying properties privately, off-market by taking on an assignable purchase contract. This approach involves wholesalers purchasing properties that are not publicly listed on the Multiple Listing Service (MLS) or other real estate platforms, and then assigning the purchase contract to interested investors/buyers. These transactions are conducted through private channels such as Off Market Bliss, offering numerous benefits to both buyers and sellers. Today, we will explore ten key advantages of buying properties privately and off-market.
1. Less Competition
One of the most significant advantages of off-market properties is the reduced competition. Since these properties are not advertised publicly, fewer people are aware of them. This lower level of competition can lead to less bidding wars and better chances of securing the property at a favourable price. For investors, this means a more streamlined acquisition process and a higher likelihood of closing the deal. When dealing with Off Market Bliss, only buyers list members get access to these properties!
2. Better Pricing and Negotiation Power
With less competition comes greater negotiation power. Sellers of off-market properties are often motivated by factors other than getting the highest price, such as a quick sale or privacy. Wholesalers that provide investors with these off-market opportunities have negotiated the best possible deal for their group of investors.
3. Access to Exclusive Opportunities
Off-market deals often present unique and exclusive opportunities that are not available to the general public. These properties might include high-value estates, distressed properties, or investment opportunities that are not yet on the radar of most investors. By building a network of contacts and working with specialized real estate agents, buyers can gain access to these hidden gems. These properties are not available to realtors and their clients, unless they are also members of the buyers list in the case of Off Market Bliss.
4. Privacy and Discretion
For many buyers, privacy is a top priority. This discretion can be particularly important for high-profile individuals or those looking to expand their portfolio privately. For these investors, this can mean less pressure and a more confidential transaction process when done via a wholesaler like Off Market Bliss that deals privately, without public listings or open houses.
5. Faster Transactions
Off-market transactions are often quicker than traditional sales. Without the need for extensive marketing and public showings, the process can move more swiftly from negotiation to closing. This speed is advantageous for both buyers who want to quickly capitalize on investment opportunities and sellers who need to sell their property promptly. Buyers can close on their properties in as little as 2-3 weeks depending on the individual circumstances.
6. Direct Communication with Assignors
Buying properties via assignable purchase contracts off-market allows for direct communication between the assignee and assignor. This direct line of communication can lead to a better understanding of each party’s needs and goals, fostering a more collaborative negotiation process. It also reduces the risk of miscommunication and delays that can occur when multiple intermediaries are involved or when communication is done via a third party, such as a realtor.
7. Customization and Flexibility
Off-market deals often provide more flexibility in terms of terms and conditions. Without the constraints of standard MLS procedures, assignors and assignees can negotiate customized agreements that suit their specific needs. This might include flexible closing dates, or specific contingencies that benefit both parties.
8. Reduced Transaction Costs
Listing a property on the MLS involves various fees and commissions. By avoiding these public listing platforms, sellers can save on these costs, which can then be passed on to the buyer in the form of a lower purchase price. Additionally, off-market assignment transactions can sometimes bypass the need for certain inspections and appraisals, further reducing costs for the buyer.
9. Opportunity for Pre-Market Deals
Buying off-market allows investors to secure properties before they hit the public market. These pre-market deals can be especially advantageous in rapidly appreciating markets, where property values are rising quickly. By locking in a purchase price before the property is widely advertised, buyers can benefit from immediate equity gains. Assignments via Off Market Bliss are properties that have not hit the market, so the members of the list get first dibs!
10. Building Long-Term Relationships
Engaging in off-market transactions helps investors/assignees build long-term relationships with assignors, and other industry professionals. These relationships can lead to future opportunities and provide a steady stream of off-market deals. Networking within this niche market can be invaluable for investors looking to expand their portfolios with high-quality properties.
Conclusion
Buying properties privately and off-market via assignable purchase contracts with Off Market Bliss offers numerous advantages that can significantly enhance your real estate investment strategy. From reduced competition and better pricing to faster transactions and increased privacy, off-market deals present unique opportunities that are not available through traditional channels. By leveraging these benefits, investors can secure profitable deals, reduce transaction costs, and build a robust portfolio of high-quality properties.
Whether you’re a seasoned investor or new to real estate, exploring off-market properties can provide a competitive edge and help you achieve your financial goals. Embrace the advantages of buying privately and off-market, and watch your real estate investments thrive by joining the Off Market Bliss exclusive buyers list today!