Profession Property Investors rarely purchase properties on the open market.
They prefer to avoid getting into bidding wars and are looking for quick hassle free transactions and above all are looking to Save Money. These properties are usually sold below the market value. Smart investors can often take their deposit out of the property within a few weeks, releasing funds to allow them to make their next purchase.
It is not only property investors that can benefit from Off Market property deals. First time buyers and those on a tight budget that are unable to pay above the valuation can benefit from this type of sale.
Sellers that chose the Off Market route to market do so for a variety of reasons. It could be change in family circumstance, the need to release money quickly or from people that cannot afford estate agency costs. Other properties are from landlords and some from bank repossessions.
Contact me if you would like more information on Off Market property sales.