PHOTO: Suburbanite chief executive Anna Porter
A prominent property valuer and the head of a real estate investment company has smashed so-called “off market” sales, pointing out they are seldom what agents claim.
Buying properties “off market” – those not listed through channels the general public can see – seldom gets home seekers a discount, the head of a property investment company claims.
Popular opinion is that off market sales often come at a reduced price but Suburbanite principal and property commentator Anna Porter said most off market properties were actually “pre-market” offerings.
“The property has been advertised to the agent’s own database of buyers or been offered for pre-market viewings to an exclusive group of buyers or buyer’s agents,” Ms Porter said.
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