How to Buy a House That isn’t For Sale?

Many people start their house search by looking in the window of the local real estate agents and then looking online to see what details the house has, the area, and what other properties are available. 

In fact, it’s often a simple glance in a real estate window that starts the desire to move house. From there you start to think about what your new house needs and it’s possible to narrow and focus your search. 

Of course, it’s understandable that you’ll lust after the house down the road that isn’t for sale. After all, it’s human nature to want what you can’t have. But, if you assume that the only houses available are the ones listed in the real estate window, you could be missing out on your dream home!

Auctions

It’s possible to pick up a great home through your local auctioneer. You’ll find there is an array of houses, some need refurbishment, others are ready to move in. You can chat with the auction house regarding the properties, drive by them, and even get reports done before the auction.

You’ll need to bid on the property and set yourself a maximum price to avoid getting carried away. But, it can be a great way to find a home and get a house that doesn’t appear to be for sale. 

Unlisted Homes

You may be surprised to discover that there is an abundance of homes that are unlisted but still available. 

Part of an estate agent’s job is t look for new properties that could be coming on the market and to encourage people to think about selling. It’s fairly vague but these constant feelers help to keep the market turning over. 

They also create interesting opportunities. Real estate agents often come into contact with people that would be prepared to sell their home for the right price but aren’t actually actively looking to sell.

These houses aren’t listed because the owner isn’t technically selling. 

If you have a real estate agent that is prepared to dig around and find these potential houses they may find your dream home. As the seller isn’t actively looking to sell they will have a fixed price, if you’re prepared to pay it then the house can be yours.

The good thing about this approach is you’ll know the price before you view the house. If you can afford it then you’ll view the house before there is any competition and can be assured of a deal.

Estate agents find these potential sellers by looking at expired listings. These are homes that were for sale but didn’t sell, the owners are likely to be open to the right offer. 

They can also look at tax records. If the tax return address is different from the house it’s a good chance it’s an investment property or holiday home, increasing the likelihood of them selling. 

Of course, the old-fashioned method of cold-calling can also work.

If you’re prepared to get ready to buy before you find the house you can offer any homeowner your funds to buy their home. You never know what gem you’ll find.

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