In today’s dynamic Austin real estate market, understanding off-market properties can give you a significant advantage whether you’re buying or selling a home. These hidden gems represent a substantial portion of Austin’s real estate transactions, with approximately 20-30% of all sales never appearing on the Multiple Listing Service (MLS). In this blog post, Austin real estate expert Dallas Seely discusses the intricacies of off-market properties and why they’re becoming increasingly important in our evolving market.
Key Takeaways:
- Off-market properties make up 20-30% of all real estate transactions in Austin
- Working with experienced realtors provides access to exclusive off-market listings
- Off-market sales can offer significant property tax advantages for buyers
- Privacy and exclusivity are major benefits for sellers choosing to list off-market
What Does “Off-Market” Mean in Real Estate?
“In world-class cities like Austin, off-market properties represent some of the most exclusive real estate opportunities available,” says Austin real estate expert Dallas Seely. “These properties aren’t listed on Zillow, Redfin, or the MLS – they’re only accessible through established real estate networks and relationships.”
An off-market property can mean one of two things: either the property isn’t currently for sale, or it’s for sale but not publicly listed. In Austin’s competitive market, the latter scenario, often called a “pocket listing,” has become increasingly common as sellers seek more control over the selling process.
The Strategic Advantages of Off-Market Properties
Off-market properties offer unique benefits for both buyers and sellers. For sellers, privacy is often a primary concern. High-profile individuals or those wanting to maintain confidentiality can avoid public scrutiny while still reaching qualified buyers. Additionally, sellers can test the market without accumulating days on market, which can sometimes stigmatize a property.
“Depending on the seller’s current life situation, they may not want hundreds of people going through their home,” notes Dallas Seely. “Off-market sales provide a more controlled, exclusive environment while still achieving optimal selling prices.”
The Property Tax Advantage
One of the most compelling reasons for off-market transactions in Austin relates to property taxes. In Texas, property taxes are assessed based on the county’s valuation of your home. When a home sells off-market, the sales price isn’t publicly recorded, potentially resulting in significant tax savings for the new owner if the county’s assessed value is lower than the purchase price.
Working with The Seely Group to Access Off-Market Properties
The Seely Group maintains an exclusive network of off-market properties throughout Austin. Our team has access to private networks, exclusive programs, and coming-soon listings that aren’t available to the general public. Currently, we have access to numerous off-market properties, including luxury homes and unique investment opportunities.
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Why Choose The Seely Group?
The Seely Group brings unparalleled expertise and experience to Austin’s real estate market. As native Austinites, Amy and Dallas Seely know the city intimately and have built a reputation for excellence, serving over 1,000 families and consistently ranking in the Top 3 in Central Texas by the Austin Business Journal.
Our team’s track record speaks for itself:
- Ranked in the Top 1% of Agents Nationwide by Realogy
- Over 1,000 families served
- Top 3 ranked in Central Texas by Austin Business Journal
- Comprehensive understanding of both on-market and off-market opportunities
- Deep connections within the Austin real estate community
Ready to Explore Off-Market Properties?
Contact The Seely Group today at 512.943.2572 to gain exclusive access to our off-market property listings. Whether you’re interested in buying an off-market property or want to explore the benefits of selling your home off-market, our team of experts is here to guide you through the process.
Frequently Asked Questions
The best way to access off-market properties is to work with a well-connected real estate team like The Seely Group. We have exclusive access to private networks and coming-soon listings that aren’t available on public platforms. Contact us to learn about our current off-market inventory and get early access to these exclusive opportunities.
