3 Reasons to Consider Selling via Off Market Listing
Just as your your family is one of a kind, the process of selling your home should be unique to you and your needs. For some, a private exclusive listing, also known as off market listing, can be the right method to sell their home.
1. If you are a homeowner in high risk categories during the current pandemic you may have numerous concerns about listing your home for sale during the Era of COVID-19. You may want to limit potential public showing and tours —we offer a narrow yet targeted exposure for your the sale of your property.
2. Are you a seller that may want to limit potential public exposure of your property sale, whether for business or personal reasons—benefit from the narrow yet targeted exposure your property will receive as a private exclusive off market listing.
3. While a standard sale places a property on thousands of websites for the general public to see, a off market sale reaches only a limited audience—often hand-selected by our realty group. With our off market listing program , we focus our marketing efforts on a smaller, more select pool of qualified buyers, garnering valuable insights on the property and potentially selling it without having to open it to the world.
Rising home prices have been in the news a lot lately, and much of the focus is on whether they’re accelerating too quickly and how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact they have on a homeowner’s equity position.
Home equity is defined as the difference between a home's fair market value and the outstanding balance of all liens on the property. While homeowners pay down their mortgages, the amount of equity they have in their homes climbs each time the value increases.
Today, the number of homeowners that currently have significant equity in their homes is growing. According to the Census Bureau, 38% of all homes in the country are mortgage-free. In a home equity study, ATTOM Data Solutions revealed that of the 54.5 million homes with a mortgage, 26.7% of them have at least 50% equity. That number has been increasing over the last eight years.
CoreLogic also notes:
“…the average homeowner gained approximately $5,300 in equity during the past year.”
This may be the year to take advantage of your home equity by applying it forward, either as you downsize or as you move up to a new home.