Deals: ON Market vs OFF Market

[Brandon Chaney]

I've been having conversations with clients who absolutely despise "On Market (MLS) Deals" even when they're priced under listing price. I've gotten some explanations that I've taken into consideration but I wanted to open the floor to get some better insight. I'm a REALTOR in Los Angeles who focuses exclusively on distressed assets. I wholesale my deals (ethically, by the book(is there a book?)) and....well...some of them are "On-Market" MLS deals. I'm the direct contract holder every time. Doesn't matter if i'm 200k under list price and a 65% deal...which is rare in this market., some of these people won't even look at it. 

Can you explain this mentality? Is it pure lunacy or is there some real truth behind it?

What are your thoughts?