All Topics / Help Needed! / Does off market sale work well in Melbourne??
Hi experts,
I am contemplating selling my home in Melbourne eastern burb to downsize.
Having been through couple of sales with typical open inspection, pushy agents after marketing costs
incurred, it’s left a bitter and sour experience with me to say the least.Having checked out a few buyer advocates website and spoken with 3 agencies, the idea and suggestion of
off-market sale strategy has been floated to me. The things I get sold on by the agents are:
– minimal costs involve to test the market instead of the comprehensive marketing plan and costs
– inspection strictly by appointment for interest parties and not OFI to anyone and his/her dogs
– more flexible with pricing based on “market” feedback including buyer’s advocates. Though I am not
too sure about the last bit.Has anyone every sold property with off-market approach?
Can a superb price outcome be achieved realistically? I’ve read enough of reports of crazy $X above
reserved achieved in auction vs auction won’t get your the highest price so that tells me auction is
a bit of a hit and miss wildcard.How about off market? Is it like to achieve those crazy $X above reserved type outcome?
Any pros and cons with real experience please kindly share and educate me.
Thank in advance.
Cheers,
FXD
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