A traditional property listing isn’t the only way to sell your house in Phoenix. As the population pushes away from larger cities, along with a pool of skimming over the rental phase typically experienced in earlier adulthood, opting for the benefits of more permanent housing with recreational amenities and a more home-based lifestyle driving the current seller’s market. Off-market or pocket listings aren’t marketed to the general public, add the allure of grabbing an exclusive opportunity for buyers, and may garner a higher sales price.
Selling Your Phoenix Home Off-Market: A Comprehensive Guide
When you sell off-market, you control who knows your home is for sale and when they see it. There are far fewer showings by the very nature of being private, and the buyers who know about the off-market listing are likely to be much more serious about the property. Listing your property off-market also tends to create an act now or never feeling.
We will share the inside scoop on how you can sell an off-market property listing in Phoenix.
Commissions
Real estate agents love off-market listings because they can market the property exclusively to select clients and collect whatever commission you have negotiated in the contract. Additionally, because other agents in the Phoenix market are unaware of the listing, they don’t have to split the commission with anyone else. They will earn the other side of the commission because they are bringing the buyer. You can avoid commissions altogether when you sell an off-market property listing in Phoenix to a professional buyer like those at Oak Street Properties.
Prepping or Repairs
Most buyers seek to move into their new home as soon as possible. If your home is older or maintenance and repairs are lacking, you as the seller must worry about passing the inspection and making repairs out of pocket before closing or taking a deep discount off of the asking price. Preparing the home for the showings ahead and making updates is costly. When you sell an off-market property listing in Phoenix through a direct sale with a company like Oak Street Properties, we buy homes as-is, so there is no longer needed to worry about repairs or even cleaning up. Oak Street Properties take on all the risk.
Agent Fees
Many agents also charge a fee for transaction processing and other expenses that agents may hide. When you sell your off-market property listing in Phoenix to a professional buyer like those at Oak Street Properties, they charge no agent fees. There will be no hidden fees to pay at closing; the offer will clearly outline how much cash you’ll receive at the closing.
Time
When properties are listed traditionally through the MLS, potential buyers can track the number of days the property is on the market. A great many days’ passing indicates to buyers that something is wrong with the property that the listing doesn’t disclose, typically resulting in bargain-basement offers, if any. The number of days an off-market property has been for sale is unknown to the buyer, which is one of the motivating factors behind off-market listings. Instead, sell fast to a direct sales company like Oak Street Properties, closing on your private listing can be in a matter of days or whenever best suits your needs.
Privacy and Control
Selling off-market allows you to maintain a higher level of privacy and control over the selling process. You can choose who gets to see your home and when, reducing the number of showings and the disruption to your daily life. This can be particularly beneficial if you have a busy schedule or if you prefer to keep your sale discreet.
Flexibility
Off-market sales offer greater flexibility in terms of negotiation and closing timelines. You can work directly with the buyer to agree on terms that suit both parties, without the pressure of competing offers or the constraints of a traditional listing. This can lead to a smoother and more personalized transaction.
Attracting Serious Buyers
Because off-market listings are not widely advertised, the buyers who are aware of them are often more serious and motivated. These buyers may be looking for exclusive opportunities and are willing to act quickly to secure the property. This can result in a faster and more efficient sale process.
Leverage Your Network
When selling off-market, your personal and professional networks are invaluable. Spread the word among friends, family, colleagues, and trusted real estate agents. You never know who might be looking for a property just like yours or who might know someone who is. This approach can help you find serious buyers without the need for public listings.
Oak Street Properties make it simple and straightforward to sell an off-market property listing in Phoenix. We make the process easy! When you get an offer from Oak Street Properties, we will handle everything, and we can guarantee your home will close fast, often in just a few days. Whether your home is older and needs repairs or you want to limit the number of strangers who come through your home, why not reach out to Oak Street Properties and learn more about your options with no obligation. Send us a message or call Oak Street Properties at (480) 637-5500.