How to Find Pocket Listings - Creative Deal Finding Methods

[Anne Christensen]

I've been reading several posts about where to look for deals and understand the MLS is probably not a great source. I believe I heard something called pocket listings on one of the podcase episodes last week. What are these and how do I find them? Thanks!

[Eli Kantor]

Pocket listings are basically off-market deals - Properties that are available for sale but are not listed on the MLS. They're often marketed privately to clients/investors through agents' networks. To find pocket listings, I would recommend that you build relationships with agents who specialize in the area you're interested in. In an ideal situation, this kind of deal can benefit all the parties involved, especially if it's a highly desirable property; The seller gets some privacy, the agent makes a few calls, and the buyer has less competition. However, deals like this are a little difficult to come across. Regardless, best of luck!