Quite a few Downtown loft lovers never come across all of the homes for sale because they don’t know how to get access to unlisted lofts and condos called “pockets listings.” Most buyers, agents and brokers are largely unaware, and they don’t have access to these special deals.
A pocket listing is a kind of exclusive property for sale where a broker has a signed listing agreement with the seller, but where it is never advertised fully or not entered into a multiple listing system (MLS), or where advertising is limited for an agreed-upon period of time. The reasons for a pocket listing may vary from the need for privacy or secrecy to discrimination, and some sellers may have their own reasons for not advertising a listing in conventional ways, including wanting to sell only to certain types of people. Several legitimate marketing strategies can also lead sellers to choose pocket listings. Pocket listings can be very appealing to buyers who seek exclusive opportunities. Other legitimate reasons for a seller to decide to do a pocket listing include the potential for a faster, smoother transaction when the listing agent has buyer clients who may be interested in the property. It can reduce the need for too many showings to strangers.
Pocket listings may give buyers an extra advantage when searching for real estate, which is not advertised anywhere else. The transaction typically only has one real estate agent, thus potentially lowering the overall commission costs. If the buyer’s objective is to look at all the available homes for sale in a given area, they would need to look at MLS and all private listings for sale.
Read the entire Wikipedia article about Pocket Listings at:
NEARLY HALF OF THE BEST DEALS DOWNTOWN ARE POCKET LISTINGS, SECRET, UNLISTED PROPERTIES
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.”
GET A FREE HOTLIST OF SECRET LOFTS AND CONDOS IN DOWNTOWN L.A.
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.comand 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.
Beat out other buyers to the best deals and get unlisted, off-market and pocket listings by signing up free at http://www.LASecretLofts.com
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Copyright © 2015 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 necessarily associated with the home owner’s association, seller 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.
As prices in Downtown Los Angeles settle firmly in the high range, many prospective Downtown loft buyers are instead deciding to seek out single family homes in the brisk markets of the surrounding neighborhoods that have not yet risen to their full potential.
3 BD/2.5 BA