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Tuesday, 22 January 2013

There are always "off market" listings, but tracking these down if your an expat or even a local can be difficult and time consuming!


Increasingly the most valuable resource is Time and most of us don’t have enough of it!  

So if your house hunting, how do you know if you’re seeing everything that is available in the suburbs you want to live in, and honestly, who has the time to uncover them all anyway? 

Agents and increasingly vendors, let us know that a property will be coming on the market or in fact will be marketed only via an agents database.  Everyone’s property path is different and for many sellers – particularly over $3 million, a discreet listing and sale is preferable for many reasons; its less disruptive, they feel they have more control over the next move perhaps, they don’t have the neighbours “tyre kicking” at open inspections, they don’t have friends, family and colleagues knowing their business, for these and other reasons an off market transaction can be desirable.  

Agents and vendors will seek out buyers agents because we only act for retained and finance enabled clients so that we can perform for them and pounce on the right property when it comes up, agents of course want to sell to buyers who can perform, if they have a property and we have a client, selling agents and vendors are very interested.  This is true of residential and commercial property.  Our clients like that we give them access to the total market and that we have relationships with the agents already established, they get to see properties they ordinarily may not have sourced as well as pre-market (we often deal before they reach the market) opportunities and of course off market.  It’s important though to vet, not all properties at a high level meet the criteria, so knowing what to ask and filtering saves a tremendous amount of time. 

You can deal with every agent between Woollahra and Vaucluse or Avalon to Palm Beach or you can deal with on agent and get access to the total market and leverage someone else’s time so you can use your time to do the things that are more productive, enjoyable and profitable.