There are many myths and mistakes in real estate you can fall prey to, but one of the worst is that you must rely on conventional distribution channels to find the perfect commercial property. Interestingly, many investors believe there is no other way to find suitable properties. On the contrary, many off-market properties can be much more practical and affordable than the typical property listings you can access through a commercial real estate agency. And if you are pursuing a property, searching for off-market properties in Europe might be the perfect method to get your hands on the best of the best before the competition. Of course, every local market is different, but in some cases, it pays to consider off-market properties.
What are off-market properties?
Off-market properties in Europe are commercial properties available for purchase but not listed on the local property listing services. Since they are not marketed publicly, off-market properties are perfect for investors looking for lucrative deals. That is particularly true for markets that see a lot of competitive demand. This real estate trend is particularly pronounced in up-and-coming markets such as Poland. Namely, this purchasing strategy allows investors to locate and acquire high-valued properties before the competition. That way, you can get your hands on exclusive European off-market properties.
So, how can you find the best off-market properties in Europe? Let’s find out.
Find an experienced real estate agent
The easiest way to enter the world of European off-market properties is to team up with an excellent realtor. There is a big chance that your real estate agent has access to commercial properties that are not yet on official listings.
Interestingly, off-market properties in Europe are often referred to as pocket listings. Commercial real estate agents and brokers keep them in their pockets. That means they keep them under the radar. Seeking a real estate agent with an off-market commercial property portfolio could be your ticket to finding great investment opportunities. Hence, you can get exclusive access to a property without worrying about competition snatching it away.
There are several reasons why off-market real estate sales are strong in many parts of Europe. For instance, influential people such as real estate magnates and politicians tend to sell property off-market to avoid media attention. Likewise, people in business might turn to off-market listings when they face debt or personal issues they want to keep secret. The same goes for companies facing financial problems. They often turn to off-market listings to sell off their commercial property.
An experienced commercial real estate agent should have a network of property scouts, investors, and home sellers that want to settle the deal off-market. So, if you are looking for good off-market properties, you can start by finding a reputable real estate company that does business in your part of Europe.
Essentially, the point of off-market sales is to avoid the traditional sales or rental process. That makes them very suitable for catering to an exclusive circle of investors. However, it is not only the rich that can access off-market properties. Off-market home sales happen at all price ranges in commercial real estate.
Do your off-market property hunt online
Of course, one of the reasons why people opt for off-market property purchases centers around the overall convenience and efficiency of skipping the middleman. In most cases, working with a real estate agent speeds up the property hunt. However, sometimes buyers prefer to do it themselves. And there is hardly a better place to search for off-market properties than the almighty Internet.
Therefore, the internet is an excellent tool for settling every stage of the off-market purchase process. You can also browse the web to locate a moving company that can take care of your relocation to your newly acquired property. So, once you close the purchase, follow the advice of Big Man’s Moving Company experts and find assistance with packing, relocating, assembling, and positioning furniture.
Of course, you can start looking for off-market homes on established real estate websites covering various European markets. You can extend your search to Facebook Marketplace or Facebook Groups focusing on your city or area.
