Debbie.anne7, Renter in San Francisco, CA

What does "Off Market" mean? Was it listed for sale

Asked by Debbie.anne7, San Francisco, CA Tue Jul 12, 2011

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This question is about this property: http://www.trulia.com/homes/California/San_Francisco/sold/70…

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Debbie.Anne,
Just as you might think...it means the property is "off the market"...meaning it is not currently for sale. I'm not sure if this property was ever for sale since I believe the original owner has been there since 1987. I didn't do a records check on it but sometimes sites list a property as off the market regardless of whether it has actually been for sale or not....

Hope that helps

Cheers
0 votes Thank Flag Link Tue Jul 12, 2011
Debbie,

There are normally two situations where a property is "off market". One is where the agent is trying to market the property to buyers that are not represented by an agent. This way the agent keeps the full commission, without cooperarting with a buyers agent. The other case is when a listing needs to be pulled off the market to cure a condtion, or to give the property a rest from the market. Very often agents will take a property off the market during Christmas, and bring it back in January.

Best of luck,

Kevin Birmingham
Web Reference: http://www.sf4less.com
0 votes Thank Flag Link Tue Jul 12, 2011
Debbie,

There are normally two situations where a property is "off market". One is where the agent is trying to market the property to buyers that are not represented by an agent. This way the agent keeps the full commission, without cooperarting with a buyers agent. The other case is when a listing needs to be pulled off the market to cure a condtion, or to give the property a rest from the market. Very often agents will take a property off the market during Christmas, and bring it back in January.

Best of luck,

Kevin Birmingham
Web Reference: http://www.sf4less.com
0 votes Thank Flag Link Tue Jul 12, 2011
To do this question justice, you would have to list where you found that "off market" statment. However, if you're referring to the typical sources on the internet, e.g., Realtor.com, or other MLS sources, this term typically announces the fact that a property that was on the market is no longer so. However, you can't interpret, unless specifically described therein, that the property was sold -- it could have expired from the listing agreement, it could have been removed because the seller changed his/her mind, it could be that it is "temporarilly" off due to other issues, it could be pending, etc. But, if you want to find out more about such a property, there are other resources and way. Hope that helps.
0 votes Thank Flag Link Tue Jul 12, 2011
Hi Debbie-

It can mean that the property has already sold or has been taken off the market. This property hasn't been sold for a long time according to public records.

Let me know if you have any other questions. Thanks-

Rich Bennett - Zephyr Real Estate
415.305.4911 cell
0 votes Thank Flag Link Tue Jul 12, 2011
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