A sale of a home on the “UN“market can work for all parties interested in facilitating a transaction.  When a home is starting the preparation process, many times an agent will post a “Coming Soon” sign on the property to start the pre-marketing of the home.  When this happens, there is the potential a buyer, neighbor, friend or buyer’s agent will notice the sign.  They might just have the perfect buyer for the home and could also be able to offer a price and terms which might make the seller consider an “UN“market sale.  The buyer might also willing to offer a price could be considered potentially higher than expected market value.  In a hot market, if the buyer can eliminate the possibility of having to compete with other bidders for the home, it can be worth paying a little more.  This also would save the seller some preparation time and costs as well as knowing a certain sale price for the home, so they could begin looking for the next home.  When all of this comes together with willing parties it can make for a wonderful situation for them.

The BIG question remains, though, could the seller have done better on the open market by completing the preparation process, using the multiple listing service, having open houses and then a date certain to review all offers?  More in Part 3…..

To see Part 1 go to UNrealestate.info and subscribe!