Are you one of the 27 million people looking to purchase a residential property in the next 12 months?
Whether you’re in the market for a primary residence, a vacation home, or an investment property, there’s a lot of competition among buyers. With the demand outstripping the supply, you have to find ways to stay ahead of the competition.
A good hack is to find exclusive listings. Also known as pocket or off-market listings, these homes are on sale but not listed on multiple listing services (MLS). This means they aren’t visible to the general public.
Read on to learn what you can do to find pocket listings.
Speak to Real Estate Agents
Some home sellers will contact real estate agents and ask them to sell the property without listing it on any public platform. Although this seems to work against the seller, a private or exclusive sale ensures the home doesn’t have a public record of how long it’s been on the market. Homes that have stayed longer without finding a buyer typically close for less than the original asking price.
As a buyer looking for an exclusive listing, your best shot is to reach out to real estate agents based in the area you want to purchase the property. Ask them if they know of any homes that are being sold off-market.
Keep in mind that a real estate agent might not disclose this information if they think that you aren’t a serious buyer. As such, ensure you’re financially ready to make an offer should the ideal property be found. Get pre-approved for a mortgage if you need to, so that you have an idea of how much house your can afford.
When a homeowner is planning to sell their property, word goes around. Especially when the seller wants an exclusive sale, they’ll likely tell their neighbors and friends to spread the word.
Therefore, approaching homeowners in the area you’re targeting is an effective way to gain access to exclusive listings. If someone knows someone who’s selling their house, they won’t hesitate to point you in the right direction.
The internet has become an indispensable tool for home sellers and buyers alike. It’s the go-to place when you’re looking for public listings, but it can also be the go-to you’re looking for exclusive listings. You just need to know where to look!
The website of real estate agents is a good place to start. Explore the houses for sale page on multiple real estate agent websites and you’ll likely find your dream home. Even real estate websites like Zillow offer off-market listing options.
Find Exclusive Listings Easily
As a buyer, there are big benefits to reap when you buy a home through exclusive listings. Bidding wars aren’t as fierce and there’s great privacy. Use this guide to find listings in your area and become a homeowner.
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