Question Details

Emmanuel off…, Home Buyer in Burr Ridge, IL

what does off market mean.?

Asked by Emmanuel offor, Burr Ridge, IL Fri Oct 21, 2011

i was checking properties and come across off market.does it mean the property is no longer in the market or has it been sold.

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Answers

6
Hi, Emmanuel,

There are several ways a home could be 'off market', and it depends on which webstie you are looking at. those ways include:

1. It was sold.
2. The listing was cancelled.
3. The listing expired.
4. The home was foreclosed.
5. The home was rented and withdrawn from sale.
6. The owner withdrew it from consideration for other reasons.

Your agent will be able to get you the details.

Good luck,

Doc Stephens, REALTOR
1 vote Thank Flag Link Fri Oct 21, 2011
I'm living in a house that has a fore closure and it reads off market, can you explain what that means and how time I have left to move out, thank you
0 votes Thank Flag Link Mon Jan 12, 2015
Ellen and Doc are correct. Are you working with a realtor? If so ask your agent to do some research on the property.
0 votes Thank Flag Link Fri Oct 21, 2011
does 303 lakeridge rd 76108 lakeside tx home have a view through the sliding glassdoor into the sunroom
Flag Sun Jun 19, 2016
A property that is off the market now may be back on the market in the future. Contact your Realtor and request that he/she contact the listing agent or the owner to determine the likelihood that the property will be available in the future.
0 votes Thank Flag Link Fri Oct 21, 2011
It does not necessarily mean the property was sold. It has just been removed from "active" status for various reasons (maybe for the holidays). It is most likely still for sale. A good source of listings are off market or withdrawn properties because you can make an offer with little or no competition from other buyers. You may also find sellers are more receptive to lower-than-asking offers when the property is not active.

Good luck.
0 votes Thank Flag Link Fri Oct 21, 2011
It means the property could have been withdrawn from the market, could have expired, could be in contract, or sold...
0 votes Thank Flag Link Fri Oct 21, 2011
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