In the world of real estate, there's a hidden treasure trove known as off-market properties. These are homes that aren't listed publicly for sale, but are quietly available for those in the know. But does buying off-market affect your chances of securing a mortgage? Let's dive into the risks of off-market property and explore how the process works.

Buying off-market involves a more discreet approach to property hunting. Instead of browsing listings online or attending open houses, you might discover off-market opportunities through word of mouth, networking, or specialised platforms like Artis. Sellers opt for off-market transactions for various reasons, including privacy, avoiding agent fees, or testing the market before committing to a public sale.

When it comes to securing a mortgage, the process remains largely the same whether you're purchasing a property on or off-market. Lenders will assess your financial situation, including your income, expenses, credit history and existing equity. They want to ensure that you have the means to repay the loan and that the property represents a sound investment.

While lenders generally prefer properties with public listings, off-market purchases aren't necessarily riskier. However, it's essential to understand that each lender has its own appetite for off-market properties. Some may be more cautious due to the lack of public market exposure, while others may be open to financing such transactions.

To get a clear picture of how a lender views off-market purchases, it's advisable to speak with a mortgage broker or directly approach potential lenders for quotes. They can provide insights into their lending criteria and any potential impact on loan approval.

At Artis, we specialise in connecting buyers with off-market properties, making it easier than ever to find your dream home. Our platform allows you to browse a curated selection of off-market listings and make offers directly to sellers. Our handy app gives you the freedom to negotiate and make an offer you're comfortable with, all while streamlining the purchase process.

Ready to discover the possibilities of off-market real estate? With Artis, you can start your search today. Our platform offers free unlimited searches, allowing you to explore a wide range of off-market properties. When you're ready to take the next step, simply pay as little as $9 to contact an owner and make an offer.

Don't let the limitations of traditional real estate listings hold you back. Download the Artis app now and unlock a world of off-market opportunities. Whether you're a first-time buyer or seasoned investor, we're here to help you find your perfect home, one off-market gem at a time.