Most of my listings are off-market, meaning they are not advertised. The majority of the properties I sell are not on the Multiple Listing Service (MLS).
Owners who publicly list their properties generally receive a lot of interest from the public and field more offers in a shorter amount of time. They typically have better gains, too. But for those who prefer not to disturb or potentially upset their tenants, who are concerned about the ‘small town’ aspect of doing business in Hawaii, or who are already connected in the multifamily community and are interested in a quick turn around without committing to any one realtor, off-market, or ‘pocket-listings’ are preferable.
Why is it called a ‘pocket listing’? Because you as a seller gives a property to me, a realtor, and I put it in my pocket, only showing the asset to those who are well-qualified and have shown interest in the area/property type, etc.
Interested in learning more about how I can help you sell your apartment building–on or off the market? Email or call me today.