Special offer
Vanessa Aparicio (Realty Empire Inc.)

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Rainmaker
1,052,211
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Investors/investor groups may want properties not being actively marketed. If it's being actively marketed, competition may stand between them and a smokin' deal. That to me is distinct from something in your pocket because you know an owner with property that if the deal made sense they would protect you if you bring them a buyer. That may be something that they don't want languishing on the market for whatever reason. Or they don't want looky-loos or other agents involved. Properties you don't really want to put on the market anyway but if you have a buyer and they'll protect you, okay.

Dec 12, 2016 04:30 PM
Ambassador
2,684,109
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Pocket listings are contrary to the spirit of the MLS, but in hot markets, LA's are going to use that strategy.  Even in a dull market, agents will take the listing on Thursday or Friday, and ride it through the weekend before putting it in MLS.

***  This is also an ETHICAL and LEGAL issue; a possible violation of Fiduciary.  If the LA is going for the entire commission, how does keeping it off the market (pocketing) benefit the Principal (seller)?

Dec 12, 2016 04:11 PM
Rainmaker
3,416,038
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have quite the list at time of pocket listings. Most often sellers that may sell, may not be ready, do not want anyone to know they are seling but if i have a buyer at the right price to them sell away. My advice is build a list of contacts and communciate with them often

Dec 13, 2016 06:13 AM
Rainmaker
815,253
Paul Antonelli
Antonelli Realty - Saint Cloud, FL
Broker Owner; Antonelli Realty

You mean Pocket Listings? Here in FL there is action to clamp down on offenders .

Dec 13, 2016 03:27 AM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

We call them pocket listings. You can call expireds or properties that were for  sale but rented. 

Dec 12, 2016 11:23 PM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I just showed one today. There probably isn't much value for the investor buyer in these properties. At least not in my market. Some of them were taken off the open market due to slow market conditions. I'm in an extremely rural area and our market is just starting to recover. 

Dec 12, 2016 09:41 PM
Ambassador
3,727,873
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital

I just sold one.  You have to know the listing agents and have a great reputation for being easy to work with.

Dec 12, 2016 08:41 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

Many buyers and sellers are willing to buy or sell via exclusive agreements.  Not everyone wants to use the MLS.

Dec 12, 2016 08:09 PM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Not really. It is not a sector of the market I invole myself with.  I list homes on the MLS and market accordingly. 

Dec 12, 2016 07:30 PM
Rainmaker
5,005,659
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I've shown pocket listings but tend to find they are not as prepared as homes who have made the effort to be "ready" to show! My clients have never been impressed and always purchased a home that is not a pocket listing. 

Dec 12, 2016 04:10 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Vanessa Aparicio - you mean, EXPIRED or FSBO? There are groups that has good posts about it.

Dec 12, 2016 03:33 PM
Rainmaker
4,272,548
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

 If you are speaking of temporarily off the market listings our state has strict provisions that protect these listings. If you are really talking about expired and canceled listings they are open season and available on your local MLS ...

Dec 12, 2016 03:32 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

I have shown propeties that expired and some never on the market.  I have sold a few also.

Dec 12, 2016 03:25 PM
Rainmaker
1,525,616
Sybil Campbell
Fernandina Beach, FL
Referral Agent Amelia Island Florida

I have shown properties that were not listed but have never written an offer on any of them.

Dec 12, 2016 03:17 PM
Rainmaker
7,836,419
Roy Kelley
Retired - Gaithersburg, MD

It is up to you and your efforts to get them on the market.

Dec 12, 2016 03:06 PM
Rainmaker
4,572,283
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Over the years, I have represented some buyers and sellers in properties that weren't in the multiple listing service at the time of sale.   Regardless if it is in the mls or not, our role in real estate involves networking, being aware and some matchmaking(properties with people).   I don't know of any specific tips beyond that.

Dec 12, 2016 03:03 PM
Rainmaker
1,955,212
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Unfortunately, there are sellers who don't want their property on the market. They don't want to have one person list it. It creates a hot mess for RE agents and brokers. 

Dec 15, 2016 09:29 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Not something that I pursue.

Dec 13, 2016 02:47 PM
Rainmaker
1,502,998
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I get 5-10 emails a day advertising pocket listings.

Dec 13, 2016 01:42 PM
Rainmaker
4,936,705
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Pocket Listing I think is what you are talking about.

 

Dec 13, 2016 09:42 AM
Ambassador
2,178,603
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

I was never interested in "chasing" unlisted properties.

Dec 13, 2016 08:45 AM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No.

Dec 13, 2016 07:53 AM
Rainmaker
1,725,996
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

I have tried several, but I find most sellers prefer to not deal with agents and face payment of a commission. I, therefore, no longer waste my time.

Dec 13, 2016 07:22 AM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Not as you describe but I do deal with them when a customer requires a specific type of property - I'm dealing with that now - 10k + sq ft, large and deep water access for barges

Dec 13, 2016 05:26 AM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

In the investor community we have many off market (or non mls listings).  I'm not sure what you mean about tips?

Dec 13, 2016 05:24 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Yes, many have experience with 'off the market' properties?

CONSIDER: The only way to PROTECT the seller and future buyer from having details of the home on the Internet forever, is to not place the property on the MLS or on the Franchise website.

Several times a year I get a call from a new resident, who says the detailed information about their new home is on the INTERNET and they can not get it removed. It is "CREEPY" they say.

The ONLY way to PROTECT the seller and future buyer is to defy the system, and do what an agent is supposed to know how to do, protect their client and Market the real estate. Ahh, but that exposes the reality. Put a sign in the yard, put in MLS and LOWER THE PRICE is the only marketing known to 90% of real estate agents. IT IS EASY TO SEE THE PROBLEM and the overdone objection of this population.

 

Dec 13, 2016 05:18 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

No

Dec 13, 2016 03:38 AM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Off the market means something is not available for sale. Unless you are talking about pocket listings... but then they are not off market.

Dec 13, 2016 03:37 AM
Rainmaker
4,160,899
John Pusa
Glendale, CA

Vanessa Aparicio Generally, pocket listings don't reach MLS.

Dec 12, 2016 06:00 PM
Ambassador
6,393,609
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Yes, both pocket listings and fsbo's.

Dec 12, 2016 05:45 PM
Rainmaker
5,216,409
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

The off market properties I have dealt with have been commercial poroperties where a quiet sale was desired! Not so much with residential.

Dec 12, 2016 04:26 PM