Are All Properties on Costar and Loopnet?

[Joe Nomeste]

I see a lot of people on here talking about trying to find pocket listings. My question is why wouldn't every broker put all there properties on Loopnet and Costar?

[Joel Owens]

Hi Joe,

LoopNet and Costar is mainly for commercial properties. Residential properties usually are on local mls's.

Sometimes my clients do not want a property publicly listed but will offer it up silently to my buyers. The sellers do this in the commercial space for a multitude of reasons.

You will find commercial properties for sale on LoopNet and Costar. You can be a member for free but only see 10% of the listed properties for sale. To see all the properties there will require being a premium member at a cost of around 100 or more a month. I am a premium member so I do a full search for my clients. I also have relationships with other commercial brokers and sellers and get "first looks" at property before full exposure to the market occurs. My buyers are pre-screened ahead of time and other commercial brokers as well as private sellers number one concern is ability to perform and close the deal.