Enter ‘Spaces’, the revolutionary AI-powered feature allowing Australians to access off-market property deals

In the summer market lull, focus on off-market properties for opportunities. Buying off-market allows one to access properties in fast moving markets, but finding these deals is not so simple. Homes.com.au’s ‘Spaces’ feature uses AI to connect buyers with both on- and off-market properties.

Australia’s residential real estate market typically heats up in the middle of spring before dying down in November and the subsequent summer holidays.

It is during this summer slump that Homes.com.au CEO, Andre Costa, says buyers and sellers should switch gears and focus on off-market properties.

Andre Costa. Image: Supplied.

“At a certain point in December, new listings dry up because vendors want to maximise their marketing spend in the new year. Right now, what this means for buyers is that they should switch focus to off-market properties,” he says.

What are off-market properties?

Off-market properties are properties that are for sale but not publicly listed or marketed for sale online.

There are several reasons why a seller would prefer to sell a property off-market. The seller might want more privacy regarding a sale.

For example, the home may be a distressed sale, or be driven by divorce, or even death.

Or, they might want to make the sale swiftly, avoiding the cost of marketing properties and the hassle of hosting frequent open homes.

Many pricey properties are only available off-market as a sales strategy. High-value properties usually take longer to sell, and a property on the market for a long time may draw suspicion that the home might be a lemon. By being off-market, buyers cannot tell how long the property has been for sale.

Sellers may also offer off-market properties to gauge the value of a unique property or one in a fast-evolving market. In doing so, they can use a closed

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