Buying a House Off-Market:
5 Important Strategies

Strategising your off-market property purchase is important because it can help you get the best deal on your purchase. It can help you to identify the right location, budget, and other factors that will maximise your return on investment. It also helps you to understand the market conditions, so that you can make an informed decision about when and how to buy the property. Additionally, applying the right strategies can help ensure that you have all the necessary information before making a purchase, so that you can make the best decision for your needs.

Below we explore some effective strategies for buying off-market property:

1. Work with a Buyers Advocate

Working with a seasoned agent who is familiar with the local market is key when it comes to buying a house off-market. They can help you find potential properties, negotiate the deal and ensure that you have all of the necessary documents and information to make a sound purchase. Their extensive network and connections make it easier to match you with vendors who want to sell in private.

2. Research the Neighbourhood

Research the neighbourhood where you are looking for a house. Look for local crime rates, school ratings, and other important factors that could impact your decision. You also want to make sure that you are getting a good deal for the property. Is the location near convenience stores, hospitals, schools, malls and government offices? Proximity is not a must but accessibility offers a big advantage.

3. Get Pre-Approved for a Mortgage

Get pre-approved for a mortgage before you start looking for an off-market house in Canberra. This will give you a better idea of what your budget is and what you can afford. It will also help you negotiate a better deal and keep your finances in check before you start the property purchasing process.

4. Utilise Social Media

Make the most out of social media to find out about potential off-market houses in your preferred localities. Post on your local Facebook groups and ask around to see if anyone knows of any houses that are not listed on the market.

5. Make a Good Offer

When you find a house that you like and that meets your criteria, make a good offer. Do your research and be sure to include contingencies. Some listings may not disclose damages or defects hidden somewhere within the property's premises. This will help to protect your interests and ensure that you are getting a fair deal.

What is Your Next Move??

Have you gone over several public listings but to no avail? Thinking of going off the market to find great housing deals? At Canberra Property Solutions, our off-market property specialists have years of experience in helping clients to find the best off-market property deals. We can provide you with personalised advice tailored to your needs and help you to identify the right properties for your investment or residential goals. Give us a call today to discuss your options and find out how we can help you find the perfect off-market property at rates that match your budget.