It’s one the biggest opportunities in Downtown L.A. real estate: #pocketlisings #dtla
Many off-market condominiums and other properties for sale are not listed on the internet, and not listed with any real estate agents. These pocket listings can give buyers several advantages when finding out about lofts before the general public nabs them.
A broker may hold a signed listing agreement with the seller, but the property is not advertised, not entered into the real estate professional multiple listing system (MLS). Sellers often want more privacy, and a pocket listing allows the seller to limit how many people find out about the property, visit the property and place offers on the property. This is helpful for a seller who wants to make their home selling process easier or who does not want many unqualified buyers browsing through their home.
Pocket listings can be very appealing to buyers who seek exclusive opportunities. By lowering the number of competing buyers, pocket listings can give the informed buyers an extra advantage when searching for real estate that is not advertised anywhere else. These more private deals can give the buyer and seller a faster, smoother transaction when the listing agent has buyer clients who may be interested in the property. To get free access to special Downtown home finding technology, become a VIP buyer. Sign up at www.LALoftVIP.com.
The L.A. Loft Blog has reported that up to 45% of transactions in Downtown Los Angeles since 2011 have been off-market, private listings such as pocket listings. These have included some of the most popular loft buildings in DTLA such as Barker Block, Higgins Building, Alta Lofts, Sky Lofts, Santee Village, Beacon Lofts and many others. It’s free for buyers to get priority access to the best pocket listings in Downtown Los Angeles by signing up at www.LASecretLofts.com.
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Copyright © This free information provided courtesy L.A. Loft Blog and LAcondoInfo.com with information provided by Corey Chambers, Realty Source Inc, BRE#01889449 We are not associated with the homeowner’s association or developer. For more information, contact (213) 880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.
