Off-market property
A property sold without being listed publicly on the MLS. Buyers find these through direct outreach, networks or wholesalers.
Also called: off-market deal, off market, private sale
Related terms
A home marketed privately by an agent instead of being put on the MLS. It limits exposure, and many MLSs restrict it under rules like Clear Cooperation.
Putting a property under contract and then selling that contract to another buyer for a fee, usually without ever owning the property. Some states regulate or restrict it.
An owner who does not live at the property, such as a landlord in another city. Investors often target absentee owners when looking for off-market deals.
The shared database where local agents post listings and share offers of cooperation. Only members can enter listings; the public sees them through IDX sites.