off-market

Definition

Properties available for purchase that aren't publicly listed on the MLS or advertised to the general public. These are deals found through networking, direct marketing, or knowing someone who knows someone—real estate's version of insider trading, but legal.

Example Usage

I found this off-market deal by sending letters to out-of-state owners—the guy didn't even know wholesalers existed until I called.

Origin

Real estate investment and brokerage terminology

Fun Fact

Off-market deals typically come with less competition but also less transparency, making them either hidden gems or disasters waiting to happen—often simultaneously.

Source: Real estate investment and brokerage industry terminology

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