Team Karen DeGasperis
DeGasperis & Assoc - Real Estate
Experience Living in Scenic San Diego
OFF MARKET PROPERTIES
The Pros and Cons of Off-Market Properties
Buying an off-market home, also known as a pocket listing, can have its advantages and disadvantages.
Here are some pros and cons to consider:
Pros:
- Less Competition: Off-market properties are not listed on the Multiple Listing Service (MLS) or public real estate websites, so there may be fewer buyers competing for them.
- – Potential for Lower Prices: Because off-market homes don’t go through the traditional marketing process, sellers may be more willing to negotiate on price. You might find a good deal.
- – Less Stress: Off-market deals can often proceed more smoothly and quickly because there’s less competition and a reduced chance of bidding wars.
Cons:
- Condition: Because the home did not go through marketing process, the condition is usually not as good as homes you would find on the market
- Limited Inventory: Off-market homes are not widely advertised and can take longer to find.
- Lack of Transparency: Off-market listings may not have the same level of documentation, inspection reports, or public records as on-market properties, making it harder to assess their true condition and value.
- Potentially Higher Prices: While some off-market deals can be bargains, others may come with higher price tags because sellers believe they can command a premium for exclusivity.
In conclusion, buying an off-market home can be a viable option, especially if you value privacy and potentially less competition. However, it comes with its own set of challenges, including limited inventory and transparency issues.
Whether it’s the right choice for you depends on your specific circumstances and preferences, so it’s essential to carefully weigh the pros and cons and seek advice from a trusted real estate professional.
Check out our list of some off-market opportunities and contact us if you are interested.
| Area | Price | Description | Contact Agent Name |
|---|---|---|---|
| Hillcrest | $400,000 | 1 bedroom condo | Karen |
| 4S Ranch | $550,000 | 2 bedroom condo | Karen |
| Poway | $2.1M | 3 bed, 2 ba, large lot with opportunity to lot split to 4 parcels. Best for developer, horse ranch. Previously was an avocado grove. | Karen |
| Carlsbad | $2.5M | 3 bed, 2 ba. large lot, great view. What makes this a unique property is the size of the lot and ability to add on to the house, ADU, pool in this area | Susan |
| La Mesa | $900,000 | 3 bed, 2 ba with ADU | Tichina |
| Encanto | $608,000 | 2 bed fixer/complete rehab. Approx 1900 SF | Tichina |
| Oceanside | $700,000 | 3 bed, 2 ba, 1600. Desireable beach zipcode in Oceanside 92054. Needs cosmetic repairs | Susan |
| San Ysidro | Susan | ||
| Last updated: | 9/27/2023 |
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DISTRESSED PROPERTIES
Distressed property sales include short sales, foreclosures, bankruptcy or probate sales which can cause an owner to sell their property under duress.
TENANT OCCUPIED PROPERTIES
Tenant occupied homes are a good choice for investors. Many tenants want to stay so you have no vacancy or upfront capital improvements. There is often less competition and sellers may be more motivated.