If you want to find off-market leads then use our filters and select the "sold" status. Also, uncheck all of the options in the "Investor Activity" section. Some people get confused by the term "sold" when using it to reference off-market leads. Sold is an MLS status. Every property that is sold, is also off-market. Meaning, it's not currently listed on the MLS. The property may have sold last week or 50 years ago. But it's not currently for sale.
In reality, the categories are not just used to find off-market. But the goal is to find people who own property and are motivated to sell their properties. People with problem situations like vacancies, foreclosures, or even senior owners may be more motivated to sell than people who are not in a bad situation.
Just choose the option you want to search for in the filter
The categories below may not be self-explanatory. But here are the definitions as well:
Absentee Owner - A property that has a non-owner occupant. Meaning, the owner does not live in the property. These are sometimes rental properties.
Bank Owned - A property that was in foreclosure, has gone through the whole process and the bank now has ownership.
Cash Buyer - This means the owner of the home owns it free and clear without a mortgage.
Auction - This is a property that is sold to the public where the person who bids the highest price wins the auction and gets to buy the house. These usually require a large earnest money deposit and also will not allow an assignment (wholesale) in the contract.
Corporate Owned - Any property not owned by a person. This could be an LLC, corporation, trust, or another "non-person" entity.
Inter-family Transfer - These are properties where the last sale was between 2 people with the same last name.
Pre-Foreclosures - These are properties that have delinquent mortgage payments and the bank has filed a formal notice of foreclosure at the county.
Foreclosures - Same as above. In some markets, they call them Foreclosures.
Owned 20+ Years - These are properties that have been owned for longer than 20 years.
Tired Landlord - This is a property that has an Absentee Owner who has owned the home longer than 8 years.
Vacant - A house that has been reported to be vacant by the local post office. The mail carrier notices that nobody is bringing in the mail.
Zombie Property - This is a property that is vacant and has an absentee owner.