NEARLY HALF OF THE BEST DEALS DOWNTOWN ARE POCKET LISTINGS, SECRET, UNLISTED PROPERTIES
With billions of dollars of new infrastructure and improvements in its historic revitalization and renaissance, Downtown Los Angeles is perhaps the most exciting real estate market in the world. It is no wonder that inventory of lofts and condos for sale is so low that most prospective buyers and investors fail to find the right deal. There is simple way to find the most hot deals, secret inventory called “pocket listings.”
Have you ever wondered why the best Downtown lofts seem to be sold before you see them? Many of those are pocket listings, properties that are shown to privileged buyers before they are listed on the MLS. Some of the best properties sell before they are ever listed. And many properties that sell within the first few days of a listing were already shown to priority buyers privately before the MLS listing was started. These are called “pocket listings.” This secret inventory of unlisted properties is the biggest secret in Downtown Los Angeles, and accounts for a lot more transactions than most people realize. In fact, nearly half of recent buyers bought pocket listings because, with less competition from other buyers, pocket listings not only provide the best chance of a successful transaction, they are the best, most amazing lofts in Downtown. Take a look at some recently sold properties at http://www.laloftsearch.com and know that more than 40% of those were pocket listings. Priority buyers were able to nab them before the general public, other agents and other buyers ever knew they existed.