Private Sales: What are they, and how do they work?

The overwhelming majority of houses are sold via listing on the MLS. Once listed on the MLS, the listing is available worldwide via the internet (see previous blog post about how this works). Listing on the MLS gives the seller the most exposure to potential buyers, which may result in the best possible sales price and terms.  Private sales refer to properties that are not offered for sale on the MLS. For various reasons, some sellers do not list their properties on the MLS.

These reasons can include:

- Legal/Family Issues
- Avoid showings and Open Houses
- Poor property condition
- Potentially reduced commissions
- Seller in financial position to sell for less than market value

At Lawyers Realty Group, we’ve helped broker numerous private sales. Unlike standard real estate agents, our agents are equipped with the legal training necessary to properly handle private sales, which often involve nuance and complicated transaction terms. We offer flexible commission structures to achieve the best possible outcome for buyers and sellers. Too often big-box brokerages have unreasonable commissions that prevent a property from changing hands. At Lawyers Realty Group, we work for results, not handouts.

If you are a seller contemplating a private sale, feel free to contact us for a confidential consultation. All information will be kept private. If you are a buyer interested in purchasing a property via private sale, just ask. We can’t advertise private sales, but if we know the type of property for which you are looking, we can contact you if it becomes available. And when the times comes…..Buy Smart. Live Well.