Off-market transactions: Taking it off-market

For-sale-signsAn “off-market” transaction is the acquisition or sale of real estate which is not conducted through a formal public sale process. A purchaser will not have entered into a “bidding war” and, therefore, may feel a fairer price was agreed as there will be no upward price pressure from competitors. A potential purchaser may be prepared to agree a price that represents a premium to secure exclusivity and control over the sale process without entering into the riskier bidding process for on-market transactions. An off-market transaction can present the purchaser