Exclusive Assets - Pocket Listing

Post 3 - the assets that are hidden by your realtors
Four years ago, I was lucky enough to be in one of the shortened courses in real estate in Las Vegas that was taught by an experienced investor - from Ohio. Very quickly he went over basic principles and little secrets from the industry - and I with the pen and notebook trying to jot down and jot down. One of the powerful tips we received in this course was used by me to surprise some realtors in the area and get to properties that they do not advertise in MLS (the shared asset pool between realtors advertised on their websites and repositories).

It turns out that there are properties that the brokers want to share only with their own investors, investors who have already acquired a number of properties or have demonstrated the ability to purchase a number of properties in cash at a given time. These properties will be at a much more attractive price than others or are sold by a more motivated seller to separate from the property - even at a lower price than the price list.

Sometimes, the desire to keep the deal secret comes from the seller. Some property owners do not want the property to appear publicly on the various websites, whether because of a family dispute, divorce, other properties that the seller advertises in the same area (to prevent competition between the properties) or is not interested in hurting a wonderful and time-honored tenant.

These properties remain in the real estate office under the simple name - Pocket Listing. The same assets in your pocket are with a lot of realtors. When you ask them about such properties their first question - "how do you know about it" and then usually comes an email with a property or two that are currently in the "safe".

When can you ask the realtor about such assets?

Pocket Listing assets are not intended for wholesalers. These are properties that the seller does not want to be advertised in any way, other than for investors who intend to purchase them themselves. Therefore, if you come to a broker it is advisable to present in advance Proof of Funds for the purchase in the amount of the property and explain that you intend to buy already this month. Of course, you can reserve your right to inspect the property as in any normal transaction.

What happens after you purchase some assets directly from the broker?

Now that I have purchased several such properties in West Virginia and Columbus, when such a new property appears the realtors are already calling me and asking if there is a chance for the “home arena” what active buyer can consider a property placed on their desk…

Link to the original post on the United States Real Estate Forum on Facebook - Works on a desktop computer:
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