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Understanding Off-Market Transactions

Educational guidance about real estate transactions outside traditional listings, including wholesaling, assignments, and direct sales.

Part of the Raleigh Housing Reality Report initiative.

What Are Off-Market Transactions?

Understanding transactions that happen outside the traditional MLS listing process helps property owners and buyers make informed decisions.

Common Types of Off-Market Transactions

Direct Sales

Property sold directly to a buyer without listing on the open market. Common in estate sales, distressed situations, or owner-financed deals.

Wholesaling

A third party contracts a property then assigns the contract to an end buyer. The wholesaler earns a fee for finding the deal.

Assignment

The original contract is transferred to another buyer before closing. The original buyer never actually purchases the property.

Estate Sales

Properties sold as part of an estate settlement, often through specialized agents or directly by heirs.

What Property Owners Should Know

  • Pricing varies: Off-market deals may price differently than comparable market sales.
  • Due diligence matters: Verify buyer capability and transaction legitimacy.
  • Professional guidance helps: Real estate attorneys and agents can review contracts.
  • Understand the process: Each transaction type has different timelines and requirements.

Key Consideration

Off-market transactions can offer convenience and privacy, but they may also present risks. Understanding the transaction structure and working with qualified professionals helps protect your interests.

Learn More About Property Transactions

Request an educational briefing to better understand your options and the transaction landscape.