## *Off-market real estate is more attractive than ever before.*

 

With record low interest rates, the surge in home buying in Baltimore is creating a challenging environment for homebuyers. Properties are going under contract before hitting the [MLS](https://offermarket.us/real-estate-glossary/multiple-listing-service) (multiple listing service, a broker listing syndication system that feeds listings to Zillow, Redfin, etc.) or receiving multiple offers within days of being listed.

 

## According to data from the Federal Reserve, we are at an all-time low in housing inventory housing inventory in the United States.

 

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This shortage is certainly the case in Greater Baltimore where the Maryland Association of Realtors reports that active inventory is down 60% to 10,117 housing units, driving the average sales price up 16% from this time last year. ​

 

## Off-market real estate is more attractive than ever before.

 

Off-market real estate is perhaps more attractive than ever before. Most home buyers think off-market real estate transactions are reserved for professional real estate investors and developers but it's also a great way for primary residence buyers to get a great deal, avoid excessive competition and save money. 

 

There are currently hundreds of off-market properties available for purchase in Baltimore City, Baltimore County, Harford County, Carroll County and Anne Arundel County. One service to find these deals is OfferMarket -- a marketplace for off-market real estate. There are currently over 20 single family houses available on OfferMarket in the Greater Baltimore market.

With housing inventory at record lows, savvy real estate buyers are looking off-market. Learn more about off-market housing inventory in Greater Baltimore. Real our real estate blogs.

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Off-Market Housing Inventory In Greater Baltimore

Small houses are not necessarily hard to sell, though it depends on a few factors:

 

## Is it priced to sell?

 

The #1 home selling mistake we see is when a home is not priced appropriately. Listing too high will result in many would-be-buyers not even inquiring. Many will wait for possible price drops or keep looking at other options. What's more, many buyers have firm maximum price limits and won't even consider or be altered to your listing. 

 

To sell your house fast, you need to price it at an attractive point to draw in as many buyers as possible. This means carefully analyzing [comps](https://www.offermarket.us/real-estate-glossary/comps).

 

## How small are we talking?

 

In your local there are likely many people looking for houses for sale with 1 to 2 bedrooms and 1 bathroom. But if we're talking about a tiny house (100 to 400 square feet), then the market of prospective home buyers is probably also tiny.

 

### How unique is the house?

 

If your house is designed in a manner that very few people find appealing, then you would need to reduce your asking price in order to sell in a timely manner.

Are small houses hard to sell? Not necessarily, it depends on a few factors. There's more to learn at OfferMarket. 

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Are small houses hard to sell? - OfferMarket

Are small houses hard to sell?

## Zillow Offers competitors include:

 

- Opendoor
- Offerpad
- RedfinNow
- OfferMarket

 

| Service | Type | Offer Competitiveness |
|:-------------:|:---------------------------------------:|:---------------------:|
| Zillow Offers | iBuyer | Low |
| Opendoor | iBuyer | Low |
| Offerpad | iBuyer | Low |
| RedfinNow | iBuyer | Low |
| OfferMarket | Marketplace | High |

 

## What is Zillow Offers?

 

​Zillow Offers is an "iBuyer" (short for "instant buyer") of single family homes. [iBuying](https://www.offermarket.us/real-estate-glossary/ibuying) is a new home sales model where you receive a cash offer to sell your home fast. While there is an incredible convenience factor in play, the iBuying model comes with some drawbacks that we feel are important to know. If you're looking to sell your home fast and looking for Zillow Offers competitors, this article aims to detail your options.

 

## Things to know about the iBuyer model

 

- Service is available in limited markets
- Not all houses receive an offer
- You will receive a lower offer than you would in a competitive sale
- You will pay service fees of 6% - 10% (not including repairs)
​
 

## How does Zillow Offers work?

 

1. Check to see if Zillow Offers is available in your area and if your house is eligible to receive an offer.
2. Submit your application
3. Review your estimated Zillow Offers sale price ("market value")
4. Schedule your home evaluation during which repair costs will be estimated and deducted from your market value estimated sales price
5. Review your final offer, if you accept you choose a closing date
​
 

## How does Zillow Offers determine their offer price?

 

Zillow Offers uses a combination of comparable analysis, home-specific information, local broker feedback and machine learning in order to prepare their offer. Your official offer will factor in your in-home evaluation visit to adjust for required repairs.

 

## Where is Zillow Offers available?

 

Zillow Offers is currently available in select cities across 12 states including Arizona, California, Colorado, Florida, Georgia, Minnesota, Nevada, North Carolina, Ohio, Oregon, Tennessee, Texas. 

Arizona 
​Phoenix, AZ 
Tucson, AZ 

 

California 
Los Angeles, CA 
Riverside, CA 
Sacramento, CA 
San Diego, CA 

 

Colorado 
Colorado Springs, CO 
Denver, CO 
Fort Collins, CO 

 

Florida 
Jacksonville, FL 
Orlando, FL 
Miami, FL 
Tampa, FL 

 

Georgia 
Atlanta, GA 

 

Minnesota 
Minneapolis-St. Paul, MN 

 

Nevada 
Las Vegas, NV 

 

North Carolina 
Charlotte, NC 
Raleigh, NC 

 

Ohio 
Cincinnati, OH 

 

Oregon 
Portland, OR 

 

Tennessee 
Nashville, TN 

 

Texas 
Austin, TX 
Dallas-Fort Worth, TX 
Houston, TX 
San Antonio, TX 

 

## Zillow Offers vs OfferMarket

 

| Comparison | OfferMarket | Zillow Offers |
|:-----------------:|:---------------------------------------:|:---------------------------:|
| Service fee | 0% | 8.5% |
| Repairs | $0 (as is) | deducted from initial offer |
| House type | Any | Selective |
| Closing timeframe | 15 - 45 days | 7 - 90 days |
| Markets | Nationwide | Limited cities in 12 states |

 

## How much does Zillow Offers cost?

 

| Comparison | OfferMarket | Zillow Offers |
|:--------------:|:-----------:|:-------------:|
| Purchase price | $100,000 | $100,000 |
| Service fee | $0 | $8,500 |
| Repairs | $0 | $0 |
| Closing cots | $1,500* | $1,500* |
| Net proceeds | $98,500 | $90,000 |

 

## [Sell your house fast and competitively with OfferMarket](https://www.offermarket.us/sell?ref=blog-zillow-offers-competitors)

 

## Related comparisons:

 

- [Offerpad Competitors](https://www.offermarket.us/blog/offerpad-competitors)
- [Opendoor Competitors](https://www.offermarket.us/blog/opendoor-competitors)
- [RedfinNow Competitors](https://www.offermarket.us/blog/redfinnow-competitors)

Learn about Zillow Offers competitors and how the iBuying service compares to Opendoor, RedfinNow, Offerpad and OfferMarket.

Zillow Offers Competitors - Opendoor - RedfinNow - OfferMarket

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Zillow Offers Competitors - Real Estate Blogs - OfferMarket

Zillow Offers Competitors

Grow your real estate investing business with the most competitive DSCR loan product. OfferMarket also provides DSCR rental loans, bridge loans, hard money, fix & flip, rehab, ground up construction loans.

DSCR Loan Information

## Your last single family or multi-family purchase:

 

We surveyed 50 real estate investors to find out where they sourced their last deal. Here are the results:

 

- [MLS](https://offermarket.us/real-estate-glossary/multiple-listing-service): 30 (60%)
- Off-market: 20 (40%)

 

## Surprisingly high percentage of off-market transactions

 

When surveying real estate investors, we expected to see in the range of 15% - 25% of purchases off-market. We were not expecting it to be a 60/40 split. Real estate investors are more disciplined in "running the numbers" and the numbers off-market are currently more attractive as we will discuss in more detail below. What's more, real estate investors tend to be more inclined to purchase fixer uppers and take on complete gut rehabs -- these types of deals are more commonly off-market.

 

While this is only speculation at this point because follow-up interviews have not been conducted, we believe the current environment of record low housing inventory and record low mortgage rates has forced real estate investors and savvy home buyers to look off-market where competition is lower and prices are more attractive. 

 

We also believe an increasing proportion of sellers want to avoid the hassle, health concerns and expensive fees of listing on the [MLS](https://offermarket.us/real-estate-glossary/multiple-listing-service) and multiple showings and open houses. Much of this attitude among sellers has been brought on by pandemic and the fact that families are all at home, working from home with children remote learning.

 

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We surveyed 50 real estate investors to find out where they sourced their last deal (MLS or off-market). Here are the results.

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40% Of Real Estate Investors Surveyed Bought Their Last Property Off-Market