I don’t know who needs to hear this, but

Lazy people don’t like competition so they pay the premium for that..

You want the network of guys who r putting out the deals to come to you first before they market them. They know you can close so you become the first call. Simple analysis and why its a yes or no and they always call me

Looks so cold outside lol

There’s no such thing as off market. If someone is trying to sell it to you, it’s on the market. Now they may not be using every marketplace they can, but if it’s for sale, it’s on the market.

Disagree

The vast majority of “off market” are actually on market

Good points. It cracks me up when I get an email blast from a broker with a subject off market deal if it’s off market why am I getting an email blast lol And why isn’t he doing a good job for his seller and promoting it to the wide as possible market on every single platform?

All my best deals have been off market

There’s a big difference between a property being marketed as off-market, and going directly to owners to find a property you can’t find on-market. The first is simply not “off-market” at all.

All do respect sir, you are not in the correct off market network if you’re getting bad off market deals. The best off market deals are pocket listings or owner to owner deals (neighbors)

People like to feel that they are considering to buy something special that others have not seen yet. Usually “off-market” is just a marketing /psychological trick.

This guy makes a valid point. Opportunity exists when and where it does, and it's more about if you can make it work, and not about "good deals". It's your job to create "good deals " by recognizing Opportunity.

Are you and Knakal on the same street?

Been preaching this for years as a broker.

SMG I know you were cold recording this cause it’s freezing out here today lol

Are you acquiring multi family assets?

I agree!

Shiny object syndrome

You’re 100% right. In my business for example during a hot market - some of the best deals come from dealers, they’re making money, they lose track of costing, they let stuff fall through the cracks. During a cold market, auctions are the buy. Totally depends but deals are found all over!

Another interesting point about the 'Off-Market' deal fetish concerns the brokers not doing the absolute best for their clients. They want to sell to their internal lists, but full market exposure is almost always going to get the seller better price and/or terms.

🔥

Preach it brother!

I couldn’t agree more. I have believed for a long time that on-market deals are often better than off-market deals. I usually invision massive value add projects when I hear off-market.

Only seeking off market. Aka plz gimme special treatment

It’s pretty simple, off market implies less competition on price. Now whether that’s true or not is determined deal by deal.

I've often found that off-market deals, which you're probably alluding to, the seller is not rationale. Working with a broker is super helpful to make sure it's teed up to sell and not wasting time.

The vast majority of listed deals are also ripoffs!

On market typically has more competition. However you can presume the seller is obviously motivated. So comes down to what is considered a ‘good deal’ to you. You can find good deals on market , I think most great deals are off market….

If you're being pitched a deal...it's not "off-market" in my opinion. Off-Market is direct to seller.

Negotiated many transactions with not-for-sale sellers here. Absent the unicorn who doesn't have a clue what anything's worth, it is frequently a "show me the money and lots of it" proposition. Willing sellers want to deal.

Gotta pay that premium to get the deal off market

“Pre-Market”