Entrepreneur Evan Seiden of FL serves as the CEO of Relentless Capital, LLC. Through this FL company, Evan Seiden and his team invest in compelling real estate properties. These are typically sourced on an off-market basis.
In the real estate world, off-market listings are those that are for sale, but not listed on the Multiple Listing Service (MLS). Such properties can include houses, commercial properties, and vacant land. In this case, the listing agent is responsible for sourcing possible buyers for the property, since off-market listings are not seen by the public.
There are many reasons why properties are listed off market. The real estate agent may be waiting for the right offer before selling, the home may be close to foreclosure, or the homeowner may only be considering selling their house. Off-market listings give sellers a greater ability to test the waters and keep the sales process more private. It also provides them with greater negotiating power when determining sales commissions for the agents involved.
Buyers also benefit from off-market properties. One benefit is having less competition when buying or bidding for certain properties. This is particularly helpful in hot real estate markets where buyers may find it very difficult to lock in homes or investment properties if they are listed publicly. Off-market listings also provide buyers with more time for looking over properties, and helps keep negotiations with sellers friendlier and more flexible.
Evan Seiden 