“Pocket listings,” also known as “off-market listings,” are properties that are for sale but not publicly advertised on the Multiple Listing Service (MLS) and won’t appear on the popular real estate websites we all browse. These listings are often shared exclusively within a network of real estate agents, giving buyers a unique opportunity to discover properties before they hit the market. According to real estate experts, some 20-25% of buyers are purchasing homes before they are listed—here’s how.

The Power of Realtor Networks

Experienced real estate agents understand the importance of networking and collaboration in the industry. By being part of a vast network of realtors, agents can access pocket listings from colleagues in different locations. This interconnectedness expands the pool of available properties for potential buyers, providing them with more options to explore.

Advantages of Pocket Listings:

1. Exclusive Access: Pocket listings offer buyers the chance to view properties that may not be accessible to the general public. This exclusivity can give buyers a competitive edge in a competitive market.
2. Less Competition: Since pocket listings are not widely advertised, buyers may face less competition from other potential buyers. This can potentially lead to a smoother and faster transaction process.
3. Opportunity for Negotiation: With fewer competing offers, buyers may have more leverage when negotiating the terms of the sale. This could result in a more favorable deal for the buyer.
4. Privacy and Discretion: Sellers who opt for pocket listings may value privacy and discretion. By keeping their property off the market, sellers can control who has access to their home and limit disruptions to their daily lives.
   

How to Tap into Pocket Listings:

1. Work with an Experienced Realtor: Choose a real estate agent who is well-connected and has access to pocket listings. Experienced agents with a strong network can help you uncover hidden opportunities that align with your preferences and budget. If you plan on using a physician home loan, be sure to use a realtor who is familiar with presenting offers from medical professionals. 
2. Communicate Your Preferences: Clearly communicate your criteria and preferences to your realtor. This will help them narrow down the search and identify pocket listings that meet your specific needs.
3. Stay Flexible: Keep an open mind and be flexible with your search criteria. Pocket listings may offer unique properties that differ from what is available on the public market. Being open to different options can increase your chances of finding the perfect home.
4. Act Quickly: Pocket listings tend to move quickly, so be prepared to act fast if you find a property that interests you. Work closely with your realtor to submit an offer and navigate the negotiation process efficiently.

Curbside Real Estate has gathered an exclusive network of realtors who have the most to offer and are experienced in working with medical professionals. We can connect you to the right realtor to help you maximize your search efforts and uncover hidden opportunities that may not be available to the general public. And, don’t forget to check out our recent webinar from the Curbside Educational Series with more tips on navigating the real estate market and physician home loans.

So, let the search begin, and may this spring bring you closer to finding your perfect home!

This blog post is for informational purposes only and is not intended as financial or real estate advice. Consult with a professional advisor before making any significant financial decisions.