208-231-1944 zane@zanegraser.com

Is it illegal to do off-market real estate transactions???

I hear people talk about this often, especially when it comes to licensed professionals like realtors, lenders, tax professionals, etc. I mostly hear this from realtors because they have their license and they are under the impression that you must work through a realtor to buy and sell real estate. This is not true…

There are many real estate transactions being done daily that are off-market. A realtor is someone that people can hire to use their services to help find a property to buy OR to sell their property. Some of the advantages of working with a realtor is for a beginner needing assistance in finding/selling a property. Realtors also have access to the MLS (Multiple Listing Service) with many properties so it’s a great way to reach out to more people that way.

Many real estate investors work off-market directly with the property owners, other investors wanting to sell properties, or realtors with pocket listings. People also sell their own property through For Sale By Owner websites or other for sale by owner sites like Craigslist. I have closed multiple properties that are off-market and if it was illegal, then title companies wouldn’t be closing the transactions. As long as there is an agreement between the seller and the buyer, any type of transaction can be made that is properly recorded through a title company for the transfer of ownership.

Many professionals seem ignorant of the laws available to us and make assumptions that hurt our abilities to make the right decisions. Realtors telling people they must use a realtor to buy or sell properties. Tax professionals telling us we can’t invest in real estate or title companies telling us we can’t do a double closing or some other rules. Just because someone doesn’t do it doesn’t mean it can’t be done. These professionals have a regular job and they don’t have the mind or knowledge of an investor. It’s best to find a tax professional who invests in real estate as well rather than a large corporation with employees that does the regular taxes for everyday people with a w2 job.

Be careful who you take advice from!!! You’d be surprised how much you are missing out because you don’t understand the investing world!

***Be an Overcomer!***