Huge Spike in Pocket Listings!
As mentioned in my blog post “What is a pocket listing”, I receive emails when a pocket listing becomes available. I also receive tips on pocket listing via word-of-mouth through agents in the industry.
Because people are losing money from their investments, losing their jobs, getting pay cuts, etc. a great number of people can no longer afford their homes.
On the peninsula, many don’t want their friends and neighbors to know this unfortunate information. So, they decide to sell their home discretely via a pocket listing. If you are looking at purhcasing a home, but don’t like the homes that are on the market, make sure you avail yourself to homes off the market too.
If you are interested in purchasing a home and want to see on-market and/or off-market please feel free to contact me. There are currently many homes for sale in Burlingame, Hillsborough, and the San Mateo area that are not on the MLS.
Because people are losing money from their investments, losing their jobs, getting pay cuts, etc. a great number of people can no longer afford their homes.
Hi Daniel,
Glad you agree with the second paragraph of this post…? But, with recent improvements to stock market numbers and seeing my own investments grow there seem to be just as many pocket listings that are not on the MLS but many more buyers. Recent signs of an improving economy have people feeling the time to buy is now.
-Brendan