How To Find Off Market Properties

It’s no secret that the real estate market is on fire right now. A majority of the buyers submitting offers on properties our getting outbid due to the high volume of buyers out there. With the lack of available homes on the open market buyers are searching for properties that are not listed on the MLS that the general public does not know about. The reason is because there is less competition which will allow buyers to buy these homes at a much more affordable price. So what are the best ways to find off market properties in this highly competitive real estate market.

 

1. Social Media. The first place you should look is Facebook and Instagram. You can start by putting our weekly posts letting all of your friends and family know that you are looking for any homes in a certain area that is getting ready to go on the market.

 

2. Coming Soon Signs. If you drive through enough neighborhoods you will see signs in the front yard that will say coming soon. Many agents will put a coming soon sign in the yard when they are getting ready to put a house on the market. During this stage the seller is buttoning up any last minute items that needs to be done before the house is market ready. This is your chance to reach out to the agent and submit an offer before the house is active to the rest of the world.

 

3. HOA. Most neighborhoods have a Home Owners Association (HOA). Try and get in touch with each member of your desired neighborhoods and see if they are aware of any homes that are getting ready to go on the market. The head of the HOA usually has a strong pulse as to what’s going on in the neighborhood and might be able to give you some good leads on some available off market properties.

 

4. Driving For Deals. If you are looking for a fixer upper then you can drive through neighborhoods and look for distressed properties. If you find one that looks run down you can look up the homeowners address and make them a competitive offer. Below are some signs that a property may be vacant or distressed.

 

  • Over grown grass
  • Boarded up windows
  • Mold on the house
  • Deteriorating roof
  • Broken window