Tag Archives: pocket listings

National Association of Realtors Bans Pocket/Off-Market Listings

The National Association of Realtors (NAR) board of directors voted last week to ban off-market listings—ones that agents promote outside of their local Multiple Listing Service (MLS). The policy will take effect on January 1, 2020 and will be fully implemented starting May 1, 2020 to give the hundreds of MLS’s time to make tech changes and educate users.

I agree, in general, that buyers and sellers benefit from full MLS exposure. However, there are situations in which it may not be beneficial for sellers to go the full marketing distance. Privacy concerns, tenant-occupied properties and trial list price runs are reasons why some sellers would prefer to wade into the marketing waters in a lower-key manner. Many ultra high-end properties also have a limited pool of buyers that doesn’t lend itself to an MLS. Continue Reading

Here’s the Latest on Off-Market Sales

Sellers agree to market their properties outside of the Multiple Listing Service (MLS) for a variety of reasons. They may not be able to move before they sell, so their home won’t look as good as some of the comparable sales. They may have limited funds to paint, stage and fix up the house for sale. Or maybe they have small children, pets or tenants that make showing the property a challenge.

And finally, many off-market sales happen because a seller knows an agent who personally has a buyer for that seller’s property.

Many off-market sales are in very high price ranges, and there simply aren’t that many buyers out there who can afford those properties. So agents reach out privately to brokers who typically represent multi-million dollar buyers. Continue Reading

Here’s What’s Going On In Off-Market World

Here’s What’s Going On In Off-Market World

Off-market sales close throughout the year in San Francisco. These are properties that agents promote outside of the Multiple Listing Service (MLS), and sellers opt to go that route for their own specific reasons. They may not have the budget to paint, stage and do everything it will take to be camera ready—efforts that can easily cost $20,000 or more. They may have small children, pets, or tenants that make showings challenging, or simply want only qualified buyers coming through the house and no Lookie Lous or nosy neighbors. Continue Reading

Off-Market Sales Slow Down in 2016

Off-market sales are accounting for a much smaller percentage of single-family homes and condos this year. Though a quarter of all properties sold in 2015 changed hands without the benefit of being entered into the Multiple Listing Service (MLS), those numbers have dropped off significantly in 2016. Continue Reading

Coming Soon and Off-Market Opportunities: April 28, 2016

Inventory is here! Here’s a heads up on properties that will hit the market this weekend—or might be snapped up before they hit the MLS:

118 Melrose / Glen Park
3BR/2BA remodeled single-family home; huge deck, garden, 1 pkg
$1,195,000

504 Joost / Sunnyside
3BR/1BA house, 2 pkg
$949,000

18 Colonial Way #8 / Misison Terrace
3BR/2BA top-floor condo, views, good light
$829,000

125 30th Street / Glen Park
2BR/1BA Edwardian flat, 1 pkg
$899,000 Continue Reading

Coming Soon and Off-Market Opportunities: April 6, 2016

I’m seeing a lot more new listings coming on the market this week as we ease into Spring! Here’s a heads up on properties that will hit the market this weekend—or might be snapped up before they hit the MLS:

719 Avalon / Excelsior
3BR/2BA house with bonus room and bath down, 1 pkg
$849,000

5140 Diamond Heights Blvd #A303 / Diamond Heights
1BR/1BA top-floor condo facing rear gardens, 1 pkg
$599,000

147 Precita / Bernal Heights
5BR/3BA house with in law, 2 pkg
$1,700,000-$1,800,000 range

685 Peralta / Bernal Heights
3BR/2BA house with Bay views, 1 pkg
$999,000 Continue Reading

Coming Soon and Off-Market Opportunities: February 17, 2016

I’m seeing a lot more new listings coming on the market this week! Here’s a heads up on properties that will hit the market this weekend—or might be snapped up before they hit the MLS:

3750 21st / Eureka Valley
Newly entitled, 3BR/3.5BA, 2 pkg Dolores Heights single-family home development opportunity
$2,995,000

4096 17th Street #301 / Corona Heights
1BR/1BA condo in 35-unit building, 1 pkg
$499,000

468 Duboce / Duboce Triangle
Five-room Victorian flat with storage and leased parking
$999,000

140 South Van Ness #405 / SoMa
1BR/1.5BA split-level condo with city views, leased parking
$698,000 Continue Reading

Coming Soon and Off-Market Opportunities: February 10, 2016

Inventory of any kind is a little sparse at this point in the year. But now that the Super Bowl is behind us and the weather is simply Spring like, I’m hoping we have more homes for buyers to consider.

Here are my picks for this week’s up-and-comers:

2474 30th Avenue / Parkside
3BR/2.5BA, Marina-style home with 2 pkg
$999,000

444 Arkansas / Potrero Hill
3BR/2.5BA on one level, fab views, 1 pkg
Price in $1.9M range

2586 28th Avenue / Parkside
2BR/1BA spacious house with room down
$929,000

626 Faxon / Westwood Park
2BR/1BA fixer, huge garage
699,000 Continue Reading

Coming Soon and Off-Market Opportunities: November 12, 2015

Off-market land is quiet this week, but that’s probably because inventory is slowing down in general. Here are my picks for this week’s up-and-comers:

216 Yerba Buena / Monterey Heights
2BR/2BA home with expansion potential, 2 pkg
$995,000

130 Vienna / Excelsior
4BR/3BA + two bonus rooms up, 1 pkg
$799,000

Sunnyside Single-Family Home
2BR/1BA Marina-style home, huge garage
Price upon request Continue Reading

Coming Soon and Off-Market Opportunities: October 28, 2015

A good portion of the Fall inventory is on the market, but there are some properties quietly being marketed outside the MLS. Here are my picks for this week:

507 Capp / Mission
Grand 5BR/6BA renovated Edwardian on three levels, garden, 3 pkg
$4,400,000

2771 38th Avenue / Outer Parkside
3BR/2BA remodeled house, 1 parking
$895,000

555 4th Street #513 / SoMa
2BR/1BA, 1 pkg
$1,050,000 Continue Reading

Coming Soon and Off-Market Opportunities: October 21, 2015

Though a good portion of the Fall inventory is on the market, there are some properties quietly being marketed outside the MLS. Here are this week’s offerings:

Six Newly Rebuilt Flats on 19th Street @San Carlos / Mission
2BR +den/2BA residences, each have exclusive storage/bonus rooms
Fractional financing for TICs
$$1,100,00 – $1,195,000

3816 22nd Street / Noe Valley
4BR/3BA house, renovated firehouse, four very contemporary levels
$6,898,000

315 Arlington / Glen Park
2BR/1BA condo, garden, 0 parking
$899,000

268 Day #4/ Noe Valley
2BR/1BA top-floor condo, 1 pkg
$849,000

1257 Guerrero / Noe Valley/Mission
Bonafide Victorian bed and breakfast with 9BRs/9.5BAs, 4% cap rate, striking painted lady exterior
$4,500,000
Continue Reading

Coming Soon and Off-Market Opportunities: September 23, 2015

The flood of inventory continues to hit the market. Here’s a preview of what’s to come, or what may never go into the MLS before it’s sold:

2872 25th St / Mission
3BR/2BA 1920s home, in-law down, 1 pkg
$1,295,000

2040 Fell #12 / NoPa
2BR/1BA top-floor condo, 1 pkg
$985,000

1156 Treat / Mission
2BR/1BA top-floor condo, 1 pkg
$949,000 Continue Reading

Coming Soon and Off-Market Opportunities: September 16, 2015

New listings are popping up everywhere, on and off the market. Here are my picks for upcoming and off-market listings this week:

745 DeHaro / Potrero Hill
2BR/2BA view home, 2,000 sq ft, three levels, 1 pkg
$899,000

242 San Jose / Mission
Architecturally significant 4BR/2.5BA + guest quarters, 27′ x 175′ lot, pkg
$2,995,000

2842 Pierce / Cow Hollow
2BR/1.5BA condo, 2 pkg
$2,550,000 Continue Reading

Coming Soon and Off-Market Opportunities: August 19, 2015

Here are my picks for upcoming and off-market listings this week:

12 Winfield / Bernal Heights
2BR/1BA top-floor condo, 1 pkg
$899,000

355 Buena Vista Ave East #506W / Buena Vista-Ashbury Heights
1BR/1BA, 855 sq ft, 1 pkg
$788,000

555 Filbert St / Telegraph Hill
3BR/2BA renovated, top-floor TIC, 1 pkg
$1,695,000 Continue Reading

Get in touch:

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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