A number of unadvertised homes are sold in Melbourne, with about a third of the properties being off-market sales.
With the property market remaining relatively soft, there are fewer properties listed and going under the hammer. Opportunities for buyers to find their dream home or investment property exist by tapping into off-market, pre-market and private sales.
The benefits of buying off-market
Buying an off-market property has advantages for both buyer and vendor, especially during a soft market as you can eliminate competition and can get a better deal.
For the seller, a private sale means a greater degree of privacy and certainty around the sale, as well as avoiding a potentially stressful selling campaign. Selling off-market for the right price can take away the uncertainty of going to auction for the vendor.
For the buyer, you are not competing with the wider market and can buy a property for the right price, rather than inflated by auction conditions. Infolio Property Advisors recently purchased an off-market property in one of Melbourne’s best streets (Albert Park) for $3.375 million, rather than $4 million, which is what they could have paid, had it gone to market.
Let hidden opportunities come to you
Making an early offer is key to avoiding potential competition and securing the most favourable outcome.
As a professional advocacy group, Infolio Property Advisors maintain regular contact with agents and are often in the first grouping of buyers to know about a new listing before marketing has even commenced.
A trusted buyers advocate, Infolio are often approached by agents looking for a quiet and discreet sale. Their extended networks and expertise mean they can secure the very best price for clients without the house going to market.
Engaging a buyer’s advocate can make uncovering a hidden gem in the un-advertised market effortless and simple with the buyers advocates' team of experts continuously monitoring Melbourne’s property.
Get in touch to see how Infolio can find ‘hidden’ properties for you.