Where to buy ‘off-market’ properties for sale in Sydney during Covid-19 pandemic
29 April 2020
During this unprecedented time of coronavirus we are seeing an upswing towards property listings being offered for sale off-market. There is a lot of uncertainty in the current market – auction clearance rates are as low as 30%, vendors are unsure if their price will be met and don’t want to be spending thousands of dollars on marketing.
Why do vendors sell properties ‘off-market’ in Sydney?
Selling a property ‘off-market’ is not a new process and many agents use this sales strategy to secure listings and commence the sales process for vendors who do not want to immediately embark on a public vendor paid advertising campaign. Now, during the Covid-19 crisis, listing a property ‘off-market’ makes more sense than ever.
Savvy buyers are now keen to find out about off-market properties. Let’s delve into what ‘off-market’ properties for sale are, how to find ‘off-market’ properties for sale and where you can find them in Sydney before the rest of the crowd.
What are ‘off-market’ properties for sale in Sydney?
‘Off-market’ properties also referred to as ‘silent’ or ‘quiet’ listings are properties for sale but are not publicly advertised. They don’t follow the traditional advertising campaign where you will see a ‘for sale’ signboard, open-for-inspection times, and see the property listed on a number of advertising online portals with their full address seen publicly.
For an ‘off-market’ listing, the street address is hidden from public view; it is for sale, but nowhere to be found online.
How do I find ‘off-market’ properties for sale in Sydney?
Getting access to off-market properties in the past required buyers to either hire an expensive buyers agent (charge a fee about 2% of property sales price) or call all the local real estate agents to ask them to put you on their database and let you know when a suitable property comes up. Even doing all this does not guarantee a new buyer will be notified as agents will generally prioritise their longstanding buyer customers.
This approach is time consuming and many buyers are missing out on finding a property to buy.
Now, getting access to off-market properties is easy by joining Property Whispers. It’s free to join and you get ‘off-market’ property matches delivered straight to your inbox.
Where can I buy ‘off-market’ properties for sale in Sydney?
There are many popular areas in Sydney where ‘off-market’ properties for sale are found. Below is a selection of suburbs where you may find an ‘off-market’ property for sale.
Eastern /Inner City Suburbs:
Instead of a very time consuming process, you can now simply register on Property Whispers for free and get access to off-market properties for sale from real estate agents in Sydney and hopefully you will find your dream home before anyone else.
Once you’ve set up your property preferences you will be instantly matched and connected with properties already on the platform and then just wait for your email alerts to come straight to your inbox.
If you are a seller and want to save yourself thousands of upfront marketing costs, you are welcome to register yourself and sell your own property or use a real estate agent for expert advice and support. Talk to your real estate agent today about listing your property on Property Whispers.