Prospective home buyers today are looking for more amazing condos at lower prices. #dtla #pocketlisting #forsale
The best deals go quickly, and the very best bargains are often never listed on the internet, and when they are, they are often gone within a few days. These good deals may not be listed on the agents MLS multiple listing service, and they might not be advertised. So how do buyers find out about them? The fact is that most never do. And sometimes, the best properties are already sold before they are listed. That’s why they are called “pocket listings” because they are in the pocket of just one real estate agent, and the agent only tells a few clients about the pocket listings. The good news is that the readers of the L.A. Loft Blog have better access to pocket listings than just about anyone else. Also in this article are rental income homes and nationwide investments under $100,000.
Over the past 10 years, there have been periods where as many as 50% of the most amazing lofts were not listed to the general public when they were sold. One of the best examples is Beacon Lofts, industrial live/work lofts in the Arts District, where more than 25% of the best lofts and best deals were purchased before the public heard about them. Even most Downtown loft specialist real estate professionals were not aware of them until much later.
Home buyers bought them for around $200,000 to $300,000 — for these amazing Arts District lofts. The good news is that low prices are coming back, and pocket listings can offer the best opportunity to get a better deal than what most home buyers can find today.
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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. We do not represent buyers or sellers for Santa Barbara, Tulsa or other states nationwide. 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.