Choosing the location for your family home is one of the most important decisions of your life. While it is important to factor in considerations such as the local school ratings, crime statistics, and employment opportunities in the area, something else that should be factored in is how likely the property is to sell, and the areas that have seen the most off-market estate transactions. <\/p>\n\n\n\n
What does off-market mean? In the real estate context, it refers to properties that are not actively marketed or sold through traditional real estate agents and has become an increasingly popular trend, particularly in major cities or highly desirable areas. This is partially due to the discrete nature of the sale, which can be useful for high-profile personalities, families going through financial and personal issues, or simply if the homeowner doesn\u2019t want to deal with multiple bidders. For the majority of cases, off-market sales are of benefit to both the buyer and seller \u2013 homeowners can save substantially on real estate fees when dealing with just one interested party, while buyers can negotiate a price without the influence of multiple bidders or have the opportunity to purchase their dream home rather than wait for it to hit the market.<\/p>\n\n\n\n
To uncover the best major cities for this, along with the hidden gems across the country, our research looks at the main house-buying factors and the likelihood of selling.<\/p>\n\n\n\n
The research analyzed more than 12 million properties, taking into consideration house prices and average loan-to-value (a financial ratio that compares the mortgage to the market price of an asset being purchased) and a proprietary \u201clikelihood to sell\u201d score (developed to determine how likely a property will sell in the next 90 days). The calculation also accounts for population density \u2013 working on the assumption that increases are a measure of location desirability \u2013 neighborhood safety, school ratings, and whether employment is readily available in the area.<\/p>\n\n\n\n
To understand the best major cities for off-market real estate properties, the research analyzed a range of different variables, including population density (working on the assumption that increases are a measure of location desirability), neighborhood safety, school ratings, and employment status, as well as loan to value rates.<\/p>\n\n\n\n