Unlisted Lofts, Pocket Listings and Off-Market Condos
Homes For Sale: Many of the best deals on Downtown L.A. real estate for sale and for lease are not on the internet and not listed with real estate agents. These off market properties include unlisted homes for sale, pocket listings, properties that are already in escrow, under contract, on hold, canceled, withdrawn or not yet listed for sale. #unlisted #lofts #dtla
How to Buy an Off-Market Property
Many smart buyers make the mistake of missing out on just the right loft, condo or house because they never see the best deals. Even many experienced real estate agents are not good at dealing with these properties, simply writing them off as “already taken” and they will never show them to you. It’s important to see these properties and to take advantage of them. Take advantage of the fact that other buyers and agents do not know how to properly take the initiative to purchase off market properties.
Pocket listings and all other off-market homes can be found from unique sources with specialized knowledge and proprietary information on properties that are not listed on the real estate agents MLS and not on the Internet.
The source must be able and willing to provide these properties to the buyer, or the buyers need to find a source that is ready willing and able to provide all of the types of off market property information.
For properties that are on hold, expired, withdrawn or under contract, the first step is to contact the seller by telephone, text and email, and then provide the address, building name and/or neighborhood or cross streets of the property, along with the contact information and license number of the buyer’s agent.
The buyers agent and then must follow up with the seller the next day week month two months six months and one year.
The best deals go fast — and that’s why it’s important not only for buyers to get property listings sooner, quicker — and to thereby get off-market, unlisted and pocket listings. So, the secret is to properly follow-up on these superior properties that are better deals for the buyer, resulting in long-term happiness and a comfortable financial future that these special deals provide to their smart and fortunate owners.
Get a free list of off-market homes with info on free access to pocket listings and unlisted lofts and condos in Downtown Los Angeles. Fill out the online form:
Best Deals in Condominiums in Downtown L.A. #dtla #bestdeals #homes
The best deals go quickly. That’s why smart home buyers know how to look for special deals that offer better homes, more amazing lofts, at lower prices and with higher profit potential.
Best Deal Types
New Construction Homes – New build homes are often a better deal because they are newer, latest technology and highest construction quality, at very competitive prices.
Mills Act Homes – The state of California, along with counties and cities provide a big discount on property taxes to owners of qualified historic lofts and buildings.
Distress Sale – When a seller needs to sell quickly for any reason, or when the seller is having difficulty selling due to physical or legal condition of the property, it opesn up the possibility of better negotiating power for the buyer, and a lower price.
Bank Owned – When a homeowner can’t pay the mortgage on time, the bank takes over the property and sells it for whatever the market will bear, often at a low price.
For Sale By Owner ( FSBO ) – Some owners prefer to sell their home themselves rather than using a listing agent. This can create a great opportunity for buyers to negotiate a lower price.
Expired – When a home is listed for sale but does not sell, it creates an opportunity to offer a lower price.
Foreclosures – When home was not paid for on time, the property is taken over by another party, who often sells it quickly at a lower price.
REO – Real Estate Owned is a class of property owned by a lender, typically a bank, government agency, or government loan insurer, after an unsuccessful sale at a foreclosure auction.
Company Owned – Refers to a bank-owned property that is taken over due to a foreclosure or similar action.
Estate Sale – When a homeowner passes away, the family or other heirs inherit and sell the property to distribute to the funds fairly to the new owners.
Probate Sale – When a homeowner dies without a proper trust, a judge must oversee the transfer and sale of the property.
In Escrow – Many prospective home buyers give up when they hear that a desirable property is already in escrow with another buyer. Rather than giving up, the buyer can and should take steps to be an official back-up buyer.
Under Contract – A residential purchase agreement has already been signed, but the agreement may be canceled. Buyers can put in a back-up offer to take advantage of canceled contracts.
On Hold – The seller has decided not to sell the property for a certain period of time. The seller is likely making preparations to sell, and smart buyers will place an offer and then follow up frequently to get a great deal.
Vacant – Nobody is living at the property, so the seller could be paying mortgage and losing a lot of money. The seller might drop the price drastically, giving the buyer an excellent deal.
Divorce Sale – One of the fastest growing deal types, divorces are commonplace in Southern California, and create an opportunity where the property must sell more quickly, often at a lower price.
Auction – The property sells to the highest bidder, often at a below-market price. The auction process is often used for unsold new homes, foreclosures and bank-owned homes.
Pre-auction – When a home owner is late in mortgage payments, the property gets listed as a pre-auction. Most auction listings are actually pre-auctions that will never go to auction, but offer a great chance to put in a profitable offer to the owner even if the unit is not listed for sale.
Pre-foreclosure – Before going into foreclosure, the property owner is often open to considering unsolicited offers, an excellent opportunity for savvy home buyers.
Raw Lofts – Loft developers sometimes do not complete every unit in a loft conversion development. These raw lofts often sell at a lower price similar to other unfinished construction homes.
Off Market – Any property that is not listed on the MLS as Active is an off-market property. These reduced-visibility listings and unlisted homes offer superior opportunities to get a lower price when other buyers do not see them.
Private Listings – Some home sellers do not want the general public to know that they are selling their home, so the seller chooses to keep the listing private and only offer to show it to buyers who are qualified.
Unlisted – Properties that are not listed on the real estate professional’s MLS Multiple Listing Service. With less competition, buyers can get a better deal and an easier negotiating process.
Pocket Listings – When a listing agent does not make the property information available to all other agents, the buyer can often get a better deal due to reduced competition.
Need To Sell Now – Homes that need to be sold immediately provide an excellent deal for buyers who are fully prepared and ready to grab a bargain.
Short Sales – When a home seller owes more than the property is worth, the seller can sell the property with the lender’s permission in a short sale. Short sales take longer and require twice as much negotiations, with the seller and also with the seller’s lender.
Unclaimed Homes – Any home that has not yet closed escrow can present a super deal for the buyer when the buyer implements superior search, bargaining and negotiating strategies.
Get a free list of distress sale deals. Fill out the online form:
The L.A. Loft Blog has received word that some Alta lofts for rent may be coming up soon. #altalofts #forlease
Those who are looking for a large loft in Downtown Los Angeles under $2,500 these days find that it is difficult to get into a nice, big open industrial New York style loft condominium unit at an affordable rental price. These live/work lofts offer a bigger, nicer open space with views, along with a better deal. They already have nice wood floors, high ceilings, modern kitchens and spacious bathrooms. It looks like some are awesome corner units.
UPDATE: The improvements are done and ready for viewing, they are currently getting even more upgrades with stylish backsplash, along with upgraded industrial lighting. Check them out:
Call Corey (213) 880-9910 or CLICK HERE to request a viewing.
Be the first to receive the Alta Lofts and other lofts for lease as soon as they come onto the market. Some of the best deals in the Downtown L.A. area are not listed, and cannot be found on the internet. Request free details about the unlisted lofts for lease or for sale, including photos, property descriptions, addresses and pricing information in your email. Fill out the online form:
PRIVATE PATIOS AND BALCONIES – not listed on the agent’s MLS! Prospective Downtown dwellers are always looking for just the right place in a hot market where there are not enough lofts for sale and too many buyers. The L.A. Loft Blog provides ways to beat out the other buyers to the best deals by helping readers to see the most amazing lofts first before they are seen by agents or other home buyers. This week, there are several unlisted lofts for sale with private outdoor space to choose from. Just for L.A Loft Blog readers, these all have amenities including swimming pools, and are not known of by most other buyers or brokers. #dtla #balcony
The newest pocket listing is a Barker Block loft in the Arts District with rare outdoor private patio and onsite storage. It’s 780 sq ft and includes a parking space. Across the street from Urth Caffe and the new park, Barker Block also boasts some of the nicest amenities from its luxury resort-style rooftop deck. For pricing and details, or to see this along with the other Downtown pocket listings, call (213) 880-9910 and request a free list of all pocket listings and off-market Downtown lofts.
Two more Downtown pocket listings, each with private balconies in the Historic Core by Pershings Square and the Fashion District: One is at the Eckardt Building and the other is at SB Grand.
Get free access to all of the pocket listings, unlisted and off-market homes for sale around Downtown Los Angeles. Fill out the online form:
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.
Get an email with the unlisted lofts of Downtown LA. Fill out the online form:
They say “What you don’t know won’t hurt you.” #pocketlistings #downtownla
But it might piss you off once you find out that someone else got your dream loft before you found out about it. They took your ideal place because they found out about it well before you found it online. We all want to live in the nicest loft, condo or apartment possible, such as the Eastern Columbia Building, Market Lofts and Flower Street Lofts, while getting the best deal on it. But the biggest secret in Downtown LA real estate is that up to 45% of the best deals are not listed with all of the real estate agents, and they are also not on the internet. They are called pocket listings, off-market or unlisted properties for sale and for lease. The good news is that it costs little or no money to get access to these amazing lofts and super deals. Get unlisted lofts, condos and apartments in your email. Fill out the online form:
Finding the right home in Downtown LA just got a lot easier. #dtla #apartments
It’s not easy to find just the right place in Downtown LA for the right price, but it gets a lot easier when buyers and renters can get access to all of the different types of lofts, condos and apartments for lease and for sale, including the pocket listings, off-market and unlisted lofts that are not on the internet.
Here’s some unlisted 960 sq ft lofts available exquisitely furnished, partial or unfurnished with a dramatic skyline view and awesome balcony. Not listed with real estate agents, but the L.A. Loft Blog has the scoop. In the Arts District of Downtown Los Angeles, these live-work lofts are designed for creative city living. Some of these rentals are 4th floor large open loft units complete with everything you can possibly need. They has historic industrial charm along with modern detailing, high ceilings, bright south facing views with lots of natural light, polished concrete floors with metallic epoxy, modern open kitchen that flows into spacious living areas, stainless steel appliances, views, modern bathroom with in-unit laundry washer / dryer, central air. Photos show a similar unit. Available exquisitely furnished or unfurnished. Gated assigned parking. Dog run and rooftop deck with hot tub spa and outdoor kitchen with barbecue grill and stunning view of the city. Across the street from Architecture and Design Museum, one block from Arts district flea market, dog park, and La Kretz Innovation Campus Cleantech Incubator, near Little Tokyo, and the new outdoor mall At Mateo, Zinc Cafe, The Base LA, Sticky Rice, Bestia and Metro station. Request photos, pricing and details. Fill out the online form:
Unlisted and Off-Market Lofts and Condos For Sale in Downtown Los Angeles
I received an unusual phone call yesterday from an appraiser. She did not ask the usual appraiser question of how much is a property worth and why. She asked passionately, “Why would a seller want to do a pocket listing?” It was a great question, and she asked the right person.
A pocket listings is an unadvertised or less-advertised property for sale that is not listed on the agents multiple listing service and often not on the internet. As The MLS has correctly pointed out, the buyer gets advantages when they gain exclusive access to a pocket listing. So the questions is why would a seller want a private sale rather than placing the property on the MLS?
There’s a whole list of benefits to pocket listings and thus many reasons. The main reasons are that it gives more control to the seller, prevents some problems that a public listing can create, and can provide for a quicker, smoother sale. It can often lead to a higher sale amount if done correctly. Most agents do not do many pocket listings, and for good reason; they don’t really know how.
Many sellers have current tenants whom they don’t want to bother, so a pocket listings allows the listing agent to bring offers to the seller with less bother to the tenant, and sometimes to even bring in offers on the property before showing it to anyone at all.
Buyers are attracted to special deals. Buyers like it when they get to buy a property that other buyers only which they could buy. A pocket listings is extremely appealing to those buyers. Why would a seller want to ignore the buyers who are excited by an exclusive opportunity. A pocket listing, unlisted or off-market property brings in the buyers who are looking for a special deal. Check out the lowest priced loft in the nicest, cleanest part of Downtown today in the Higgins Building at 108 W 8th Street. It’s an historic building with Mills Act tax savings, asking $400,000 and it’s not on the MLS.
One sure way to foul up the reputation of a listed property, its owner and its listing agent is to list a property on the MLS with a price that too high for several months. Property listings are most exciting when just listed. The excitement quickly fades within a few weeks, and after a month or two the listings gets stale, and then the common sentiment becomes “what’s wrong with this property?” A pocket listing helps to prevent the stale listing problem. The pocket listing can be ideal for sellers who need above-market dollars for the home, and who have lots of time to sell.
When priced right, the pocket listing can allow the listing agent to call an existing buyer client who may purchase the property immediately with less hassle to buyer and seller.
What most professionals and non-pros alike don’t know is how to implement all of details of a pocket listing, including the pocket listing adjunct marketing, time-period, duration, as well as what to do before and after the pocket listing.
Get pocket listings free in your email. Fill out the online form:
Downtown Los Angeles Off-Market Condominiums and Apartments
Now that there are too many buyers chasing too few homes, prospective Downtown buyers and renters are looking for places that will not be immediately snapped up by throngs of greedy international real estate investors. By getting access to lofts and condos that are not visible to the other home buyers and renters, the smart and savvy home shoppers can get a nicer place and a better deal without getting outbid by a competing bidder. Most buyers will miss out out these off-market properties, pocket listings and unlisted lofts for sale and for lease:
They are the biggest and most profitable secret in Downtown Los Angeles real estate. #pocketlistings #dtla
While most have never heard of them or seen them, they account for up to 45% of the best deals in L.A. lofts and condos. They are the secret inventory that most only catch a glimpse of when they see an amazing property online and then call to find out that it has already been sold. They often sell before the public sees them because they are pocket listings that are provided to VIP buyers early, before they go public. Many of them are never listed to the public at all — even real estate professionals don’t know about them.
Most prospective home buyers will continue to carry on, pretending that the pocket listings are not there because they don’t want to think about the fact that they might be missing out on just the right home; out of sight, out of mind. But the are really there. They are the most amazing lofts, the best properties and the best deals. The VIP buyers are snatching them up every day while the typical buyers wonder why the best deals are sold before they find out about them.
The good news is that it is easy and free to get access to these pocket listings and other unlisted bargains for sale. Get Downtown LA Pocket Listings Information in your email. Fill out the online form: