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A lot of home sales are happening off-market—just look at this map
ResiClub ^ | August 22, 2024 | Lance Lambert

Posted on 08/23/2024 7:19:21 AM PDT by xoxox

Off-market real estate transactions refer to property sales that are not publicly advertised or listed on the Multiple Listing Service (MLS). These transactions happen privately, often through direct negotiations between the buyer and seller or with the help of an agent who specializes in such deals.

But just how many deals happen off-market?

To better understand off-market sales, ResiClub reached out to the data pros at BatchService, a fast-growing property intelligence and technology company. Their data scientists analyzed home sales in their extensive database.

In total, around 1.2 million U.S. home sales this year have been done off-market, according to an analysis by BatchService. That includes 175,363 in Texas, 123,637 in Florida, and 62,923 in Georgia.


TOPICS: Business/Economy
KEYWORDS: housing

1 posted on 08/23/2024 7:19:22 AM PDT by xoxox
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To: xoxox

this is an excerpt.


2 posted on 08/23/2024 7:19:52 AM PDT by xoxox
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To: xoxox

lots of big $ vulture players soliciting sellers directly. who are their buyers? I propose they are tied to the Invasion.


3 posted on 08/23/2024 7:21:17 AM PDT by xoxox
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To: xoxox

I bet a lot of sales are happening off-market. I get several calls a month wanting to by a farm we have.


4 posted on 08/23/2024 7:27:40 AM PDT by eastexsteve
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To: xoxox

I live in Florida.
I receive one or two letters every week from “private” investors offering to immediately and without conditions buy my home. Often offering an attractive price.
I pretty confident that they are fronts for large investors/organizations.


5 posted on 08/23/2024 7:27:57 AM PDT by sjmjax
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To: xoxox

They are hedge funds looking for cash flow on their capital. They intend to rent the homes out for 50 years. Those homes will likely never go back on the market unless the states reform their laws to make it cost prohibitive eg raise property taxes on entities that own multiple homes. The more homes you own the higher the property taxes. Force them to liquidate.

And I’m not a fan of property taxes for people who own a home. In fact I think there should be an exemption for people who own and live in their home. But if you own 10,000 homes, screw you.


6 posted on 08/23/2024 7:28:58 AM PDT by monkeyshine (live and let live is dead)
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To: xoxox

I get at least 1 offer a week via mail, and occassionally by text or phone.

I tell them my asking price is $600k(a little less than double what Zillow estimates for my house). If they aren’t prepared to meet my price - stop calling.


7 posted on 08/23/2024 7:29:16 AM PDT by CTyank
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To: xoxox
lots of big $ vulture players soliciting sellers directly. who are their buyers? I propose they are tied to the Invasion.

That's often the only way people can win their bids on a house. There were 5 people bidding on my house, offered non-listed. You had to be informed of its availability. I knew about the property, it was just what I wanted, and I won the bidding. It's already gone up $60-100K in 2 years. A LOT of homes in my area are "advertised" word of mouth. And we are NOT "invaders", although a lot of us are refugees from NYC.

8 posted on 08/23/2024 7:38:32 AM PDT by EinNYC
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To: EinNYC

Cool story. I reiterate my point, however.


9 posted on 08/23/2024 7:39:46 AM PDT by xoxox
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To: monkeyshine
I was told many are Chinese CCP front groups
trying to avoid state laws .

In FL its getting ridiculous .

10 posted on 08/23/2024 7:41:05 AM PDT by ncalburt ( Gop DC Globalists are the evil)
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To: ncalburt

With the new realtor regulations and/or laws, many buyers will refuse to sign, just to look. This will implode for the realtors, bigtime.


11 posted on 08/23/2024 7:46:01 AM PDT by George from New England (escaped CT back in 2006)
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To: xoxox

Maybe people are just trying to avoid paying fees to stupid brokers


12 posted on 08/23/2024 7:50:58 AM PDT by montag813
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To: ncalburt

Could be. But it’s almost the same principle. The cash flow they make from renting the homes stays in the US and away from CCP hands.

Unless you want to get very dark and think of it as economic warfare. They buy these homes and milk every American, drive up mortgage costs and when the time is right they dump all the homes at the same time causing a severe recession and millions of Americans to go underwater on their mortgages.

Similar to what the CCP did to themselves - over building and over leveraging properties causing dramatic swings and their real estate market to crash.


13 posted on 08/23/2024 7:55:15 AM PDT by monkeyshine (live and let live is dead)
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To: All

I get letters and phone calls all of the time wanting to buy my house. Most are about 50% of its value. An insult and waste of my time. I’m not about to sell. But I am thinking of putting it in a trust for my kids. Unfortunately, that will trigger higher property taxes as I am locked in because of my age.


14 posted on 08/23/2024 8:00:29 AM PDT by BipolarBob (Three conspiracy theorists walk into the bar . . . . same time . . coincidence? I think not.)
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To: monkeyshine

Possible .
I suspected CCP spy drop houses and hideouts .


15 posted on 08/23/2024 8:11:06 AM PDT by ncalburt ( Gop DC Globalists are the evil)
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To: xoxox

There are websites thatlist owners by age so people or organizations can put pressure on older people who have paid off houses to sell


16 posted on 08/23/2024 8:28:25 AM PDT by Chickensoup
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To: ncalburt

Some maybe. But that’s a lot of houses.


17 posted on 08/23/2024 8:48:16 AM PDT by monkeyshine (live and let live is dead)
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To: CTyank
I get at least 1 offer a week via mail, and occassionally by text or phone. I tell them my asking price is $600k(a little less than double what Zillow estimates for my house). If they aren’t prepared to meet my price - stop calling.

LOL, I get at least 3 phone calls a week offering to buy our winter place just South of Ocala. I give them a number 4X it's market value, and tell them it's firm. They usually hang up on me, but then call back another day.

18 posted on 08/23/2024 9:16:11 AM PDT by SirFishalot
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To: xoxox

DOES this include the vultures who call me incessantly to ask if my house is for sale??? For CASH???

I told the last one-—I would sell for $1 MILLION-—NOT a penny less-—ALL CASH—ALL IN ONE PAYMENT & a 45 day escrow. SHE HUNG UP.


19 posted on 08/23/2024 9:22:10 AM PDT by ridesthemiles (not giving up on TRUMP---EVER)
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