Striking a Deal Off-Market
In Minneapolis, duplexes are hot commodities. There are only so many, and both investors and owner-occupiers are forced to vie for the same few properties.
But if demand is so high, why does supply appear to be so low?
Believe it or not, tons of duplex deals are happening off-market. This is happening all over the place – in both Minneapolis and St. Paul.
Disrupting tenants over and over again to host showings that offer them zero benefits can be a lot to ask, and many duplex owners are just as happy to have a couple of qualified buyers walk through rather than as many as 50 different potential buyers.
But sellers aren’t the only ones benefitting in these kinds of transactions.
In fact, buyers have just as much to gain. If you’ve been on the duplex hunt for any amount of time, you’ve probably already realized how quickly inventory moves. A duplex can be there one day and gone the next.
Imagine how beneficial it would be to have an opportunity to invest in a property that few others have the chance to see. By working with skilled duplex realtors like us, you’ll be opening yourself up to the potential to make a great deal without the hassle of the search.
In these scenarios, you don’t have to worry about beating out as many as 10 or 15 other offers every single time you want to go after a place. Instead, you can simply have the deal arranged so that it benefits both you and the seller to make things happen in the smoothest possible way.
Finding Off-Market Gems
Not all realtors have access to great off-market deals. In fact, to make a deal outside of seeing a listing somewhere, you’ll have to partner with an agent who has access to duplex sellers.
We call ourselves The Duplex Doctors because we’ve made duplexes, triplexes, and other multifamily properties our focus. No one’s bought or sold more duplexes in Minnesota for the past four years and counting.
We’re working with tons of great duplex sellers and buyers to make deals both on and off the market. Since we’re working with people with a wide range of properties and budgets, we’re often able to connect both parties to make great deals happen.
You may or may not care whether the deal you make is on or off the market. Maybe, as a seller, you’d rather post your listing on the MLS to see what happens. Regardless, we’d love for you to consider working with us so that we can help you to get the most out of your property.
If you’re buying, we’d love to walk through the different goals and expectations you have as you approach the purchasing process. It’s our goal to help you make the best possible decision that you’ll be the happiest with.
Also published on Medium.