|"to die for" kitchen|
Last week I was with some of my buyer clients at an open house in Hermosa Beach CA and I actually over heard the agent working the open house state (in sort of hushed tones as if he was sharing a major trade secret) "you know 50% of the sales in Hermosa are private and done off market. You really have to be working with someone like me to get one of those." Really? Fifty percent? I don't think so.
Which leads me to another one of my favorite questions: "Do these agents really believe this stuff when they say it?" It reminds me of the old joke: What's the difference between a used car salesman and a Real Estate Agent? The used car salesman knows he's lying!
So after that great intro I want to tell you about a few pocket listings that I can sell now "off market" before they hit the MLS lol. Oh, you can only get these if you are working with me! Really.
|Redondo Beach TRW Tract|
If not, look at the North Redondo Beach 90278 map and go to the north east quadrant and look for streets like Dow, Beland, Pinckard, etc. That's where I'm talking about.
So my pocket listing in that neighborhood is a perfect project for a flipper. The house is a 3 bedroom 2 bath on an 8000 sq ft lot (huge). Make no mistake, the house needs work. Here's the good news. My client will sell it for around $700K off market if he can get certain terms (call me for details). Similar houses in great shape could sell for the high $8's or even $9's. So just about workable for a flipper or a great deal for someone looking for a major remodel project.
On the third level you'll find 2 more bedrooms, including the master. This is a quiet end unit off the street. The townhouse is located in MLS Area 151 North of Artesia Blvd and will be priced in the $6's with a target in the high $600's.
So are these really "pocket listings" only available to the select few? Yes and no.
I'm not trying to "hoard" these or double end them. Here's the reality of what happens.
|TRW Pocket Listing SFR|
So, a few take aways from all this. First, don't mistake properties that agents know about that will be listed, their own listings or others, with those that are for sale and will never hit the market. Not one and the same and two entirely different beasts. Second, buying "off market" may save you the counter offer multiple offer two step but isn't likely to equate to a huge price advantage. The "win" is getting the deal.
So if you are interested in buying an "off market" pocket listing.....