off market prices and on market prices

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  • Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
    6y

    About 66-75 percent off market value, in my market.  I live in Hades, you can see the fires from anywhere in town.

  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    6y

    Are you asking about short term rental properties?

  • Specialist · Carolina Beach, NC · Member since 2016 · 390 posts · 496 votes
    6y

    It really depends. You're probably going to get a lower price on an off-market property for the simple fact that their are fewer people looking at it, but an off-market seller can be just as unrealistic as an on-market (MLS) seller.

  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    6y

    Something on MLS would not have a huge price difference in offseason.

    During the summer houses are going for 5k or 10k over asking price.

  • Member since 2019 · 140 posts · 24 votes
    6y
    Originally posted by @John Underwood:

    Are you asking about short term rental properties?

     no, buying ( and put the property for rent)

  • Luke CarlPro Member
    Rental Property Investor · Tennessee Florida · Member since 2016 · 4k+ posts · 5k+ votes
    6y

    Sometimes they can be higher. You’ve got to know your own market. 

  • Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
    6y
    Originally posted by @Oren Kachel:
    Originally posted by @John Underwood:

    Are you asking about short term rental properties?

     no, buying ( and put the property for rent)

    What is preventing your potential renters from buying the properties themselves, instead of renting it from you?  Is there anything special or unique about your market?  My town is the modern day equivalent of a Gold Rush town in the Wild West.

  • Member since 2019 · 140 posts · 24 votes
    6y

    ive put that post in the wrong forum, how can I delete it?

  • Investor · The worst town to live in, KS · Member since 2016 · 4k+ posts · 4k+ votes
    6y
    Originally posted by @Oren Kachel:

    ive put that post in the wrong forum, how can I delete it?

    It can not be deleted.  Your post will forever be on here.

  • John UnderwoodPro Member
    Investor · Greer, SC · Member since 2014 · 13k+ posts · 17k+ votes
    6y
    Originally posted by @Oren Kachel:
    Originally posted by @John Underwood:

    Are you asking about short term rental properties?

     no, buying ( and put the property for rent)

     I was wondering because you posted in the Short term and vacation rental forum.

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