Wanted: San Carlos Buyer for Unique Pre-Market Opportunity.
January 25, 2016
Off-market and pre-market listings have always been a part of the San Carlos real estate landscape. While these types of transactions still make up a small portion of the total home sales transactions that are completed in San Carlos, they're nevertheless a very important part of the inventory mix — especially in a town where there are only a dozen homes for sale at any given time.
One of the great things about being part of Dwell Realtors is that I'm exposed to a lot of pre-market and off-market opportunities in San Carlos, partly because of the volume of business that our brokerage does in this city (more on that statistic later this week), and also because I constantly have my finger on the pulse of the local real estate market. It's just one of many benefits that we bring to our clients as the premier San Carlos real estate office.
On that note, I have a unique pre-market situation that may be of interest to you. A long-time family friend has decided to sell their San Carlos home, and has given me the opportunity to bring a buyer in and sell it before they go on the market in the next 7-10 days. The home itself is a 3BR/2BA home in the flats of San Carlos, and within the San Carlos school boundaries — over 1,300 square feet on a spacious lot that is over 6,000 square feet. The asking price when it goes to market will be about $1,550,000. It is nicely updated, and even has room for expansion.
If you're a buyer who is just entering the market and this sounds like it may be of interest, please reach out to me as soon as possible. Please note: It's imperative that you are NOT already working with another real estate agent, and this is absolutely not a solicitation for you to change agents if you are already working with one. I cannot engage with you if you're already working with another Realtor.
But if you (or someone you know) are looking to get into San Carlos, this may be a golden opportunity to land a great San Carlos home before it hits the market.
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Seems like in a hot market you would want to list your home and get as many people as you can to bid up the price. This strategy makes 0 sense but as their realtor I’m sure you advised them against this strategy.
Hi M,
Thanks for your comment. Sorry for any confusion that may have arisen from the post, but I’m not affiliated in any way on the listing side of this transaction (nor is anyone in my brokerage). The listing agent approached me and advised that their buyer might be interested in selling the house off-market if they received a satisfactory offer. I don’t know what their motivation for this strategy is, nor is appropriate for me to advise them.
But you are correct — unless the seller dictates otherwise, I always advise my sellers to put their house on the market for the reasons you cited above, among others. An on-market listing act is absolutely the best form of exposure that a Realtor can have, so in my opinion there is ZERO benefit to the listing agent selling a house off-market, unless they’re either flat out lazy, or they’re trying to double-end the deal — neither of which would ever apply to me 😉
Thanks for writing in — I hope this clarifies your question.