Home Buying in 08901>Question Details

Donita Jacks…, Home Buyer in New Brunswick, NJ

does off the market mean a property is sold or that it is being repaired?

Asked by Donita Jackson, New Brunswick, NJ Thu Mar 8, 2012

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Jeanne Feenick’s answer
More likely expired or withdrawn from the market. As Michael mentioned, if sold and closed, the status should reflect that.

Jeanne Feenick
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0 votes Thank Flag Link Sun Oct 14, 2012
Normally if a property has been sold it will be listed that way. Off the market can mean many things, but usually it is that the seller hasn't received the asking price and has decided to wait until he/she thinks is a better time.
0 votes Thank Flag Link Fri Mar 9, 2012
There may be numerous reasons why it is off the market. Which property are you speaking of and I will get you more information.
0 votes Thank Flag Link Fri Mar 9, 2012
No, it doesn't mean that it's been sold. Then it would be listed as "Sold" or "Under Contract."

What it means is that it was listed and then, for some reason, the owner decided he/she didn't want it listed. Maybe they changed their minds about selling. Maybe--as you suggest--they decided to make repairs or rehab it, and then put it back on the market. Maybe they withdrew the listing during the winter, when they figured not many people would be interested. In short, there are a lot of reasons why it could be off the market.

If you're interested in such a house, go ahead and contact a Realtor. Your Realtor would then contact the listing agent and determine what's going on. And the bottom line is: Unless the owners absolutely decided not to sell, you can go ahead and make an offer . . . even on a property that's off the market.

Hope that helps.
0 votes Thank Flag Link Thu Mar 8, 2012
Don Tepper, Real Estate Pro in Burke, VA
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