Should I Sell My Home Off-Market?

Especially in hot markets like the one we are experiencing now, whether or not a client should sell off-market (without publicly advertising or listing in the MLS) is a common question. Below are the pros and cons to consider with an off-market sale.

PROS

• No on-market prep; you can take your time decluttering, packing, etc.
• No strangers coming through your house 
• No keeping the house clean and show-ready every day
• No leaving the house for hours at a time to accommodate showings 
• No pressure of a hurried timeline, offer deadlines, etc.
• You can still name your terms
• Oftentimes get to meet the buyers 
• Generally a more casual atmosphere  

CONS

• You don’t get to test the market or generate a competitive scenario, which often means a lower sales price and lesser terms than you would get on the open market
• Could leave you feeling some “what-ifs”
• You don’t get the full exposure that you do with a public listing; you’re taking a bird in hand rather than shopping options

Works well for people who:

-Want an inconspicuous sale

-Don’t want to be bothered with market prep or showings

-Have a more flexible timeline

-Value a more casual & comfortable process over a highest & best offer