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Off-Market Properties--Good or Bad News?

March 6, 2018


Many of you have experienced the frustration of competing against other buyers for properties actively listed on the MLS. Homes found on the MLS are a good thing and sometimes a bad thing!  Good news first: when a home is actively listed on the MLS we know we are starting with a willing seller!  Bad news: when a home is listed on the MLS everyone else knows the property is available and many buyers will be competing for it. Good news: Blue Pacific RE works with a number of builder-clients in helping them source new development opportunities and also representing the sale of the new homes when built. Most of our builder-clients ask us to find ‘Off-Market Properties’. This simply means a property that is not actively listed on the MLS or CBA (commercial brokers association).  Good news for off-market properties: our clients are most often not competing with other buyers. Bad news: off-market properties often come with ‘unwilling sellers’. Our challenge (or should we say, "opportunity") is to uncover those sellers who are willing to sell off market.
Finding off-market properties has been a big part of our real estate expertise. It actually dates back to 1997 when Kelly purchased his first primary residence on a foreclosure property. Knocking on the homeowner's door actually turned into a win, win situation. This expertise and effort is not reserved just for our builder-clients. We have successfully completed several off-market purchases and sales for clients, and are currently working together with a few clients who have this very goal in mind.  If you have a specific house in mind or a targeted neighborhood, please reach out to us. We're happy to help put together a successful real estate transaction for you.

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Firm License #19597

NWMLS Office ID #3484

CBA Office ID #1005156

Kelly Byrne, Designated Broker

Blue Pacific RE, Inc.

3900 W Briarcliff Lane

Seattle, WA 98199