With CoreLogic figures showing a growing number of homes lingering on the market across Melbourne, it can be challenging to stand out as a seller. Some vendors prefer the low-key approach of selling off-market, a strategy that allows them to test interest without risking a public campaign. This is particularly attractive for high-profile clients, families or investors who value privacy and discretion.

Selling Off-market properties Melbourne can also be a more efficient strategy for vendors who don’t have the time to wait for a property to sell at auction or by private treaty. This method also allows for a speedier sale and avoids the risk of a property languishing on the market, which can have a negative impact on the vendor’s credit score.

Discover the Best Off-Market Properties Melbourne Has to Offer

Despite these benefits, it’s important to understand the risks involved in buying off-market properties. There are a range of potential issues, including limited transparency, limited information and fewer opportunities to compare properties. It’s also essential to ensure you are financially ready to buy, as off-market sales can be a more rushed transaction than a traditional open-market sale.

Fortunately, it’s becoming easier for buyers to access off-market properties with the launch of innovative real estate websites such as Property Whispers and Listing Loop. These sites allow buyers to input their criteria and be instantly matched with properties that match their needs. Nevertheless, buyers should also stay in touch with their local real estate agents and build close relationships to increase the chances of being notified when an off-market opportunity arises.