“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
Home

Unlisted Investment Properties

treasure chestOne of the little known secrets of real estate is that there are agents who have a significant portfolio of investment properties that are not be listed.

You won't find them on the MLS or any website.

Why would this be? Here's a partial list:

  1. Sellers don't want to the publicity. They will ask an agent to "get the word out" and see if they can reach a private settlement.
  2. The properties require a great deal of due diligence. Some properties are off the beaten path. They may have beautiful scenery or might be located in areas that have no sales figures from which to pull a reliable comparitive market analysis. While the agent is doing due diligence they'll pitch the properties to potential buyers.
  3. Some owners have many properties and seek buyers who purchase properties in bulk... turning multiple properties a part of a single package deal. Listing the properties "onesie-twosie" on the MLS would break the portfolio.

I currently have a variety of properties (more than two dozen)... both homes and land for sale that are not yet listed. They include:

  • Land (both residential and commercial).
  • A scenic parcel at the top of a hill, upon which two homes could be built.
  • Luxury homes that are finished- the potential sellers would sell them at a substantial discount.
  • Custom homes that are nearly finished. These too, available at below market rates.

If you, or anyone you know, are interested in "hidden gems" and private party investment property sales, please contact me for further details. I have homes and land available in the greater Phoenix area, including Mesa, Gilbert, Fountain Hills, Apache Junction, Maricopa, Payson and Eloy.

-------

Chuck Willman can be found at www.AZvest.com

Posted Saturday Jun 14
( 06/14/08 01:33PM ) — Adam Brett - Fullerton, California Realtor

I tell people who ask me to take pocket listings - they will achieve a higher price if it is properly marketed.

( 06/14/08 01:41PM ) — Chuck Willman, Arizona Realtor® 480.292.0600

I do too Adam- however, if someone wants to "privately" spread the word it helps them accomplish a number of things:


a) get their documents in order.


b) build a buzz- bringing the first-comers to the table.


c) help to set a perceived market value- especially in areas where there are no reliable comps.


d) maintain their privacy... for some "price" is secondary.


That being said- I never advise clients to try to lose money on any of their properties- more marketing is always a primary solution to consider.

( 06/14/08 03:07PM ) — Leslie Prest, Prest Realty, Payson, AZ

We manage many rentals, and many of them would certainly be for sale under the right circumstances, but the Owners aren't going to outright list them. We've sold many such properties, either to other investors, or to tenants or others who want them to live in. I'm not going to push these Owners to list. Iy doesn't fit what they want to do.

( 06/14/08 07:47PM ) — Chuck Willman, Arizona Realtor® 480.292.0600

Leslie- You're in a good position... people don't want to be pestered- if the've thought it all out who am I to twist their arm?

( 06/16/08 07:58PM ) — Justin Williams - Loan Officer

Hidden Gems!!  Got to love the marketing on that, here is a property nobody has seen before!!  Promotes exclusiveness and an extra incentive to the clients, good post!

( 06/17/08 03:46PM ) — Kevin McGourty - Moving Help - nationwide

Thanks for the info.

( 06/17/08 05:09PM ) — Chuck Willman, Arizona Realtor® 480.292.0600

Justin- Unfortunately sometimes they're too hidden... but it's surprising how many deals in the investment world are done this way- especially among the deep pocketed folks.


Kevin- anytime.

( 08/27/08 05:26AM ) — ts

OWNER MUST SELL OWNER WILL FINANCE-- LOW DOWN BARGIN  1. AUTO SHOP WITH 3 BAYS CORNER LOT corner of MLK AND PARKWAY DR. good for any business $4000.dn. 2. Retail store on mlk. near broadway large lot excellent insurance, real estate, etc $2500.dn.  3. 2 ACRES OUTSIDE OF CITY NOW wrecking yard with large shop $2500.dn  4. 91 UNIT HOTEL DOWNTOWN LOCATION 1202 main st. entire block with 2 restaurants, and club excellent for teck students,or adults over 55 or etc.  5.  HAVE ABOUT 30,000 SQ. FT. WAREHOUSE WITH 8 OVERSIZE DOORS ON ABOUT 5 ACRES EXCELLENT BODY SHOP OR REPAIR SHOP OR STORAGE WITH LARGE OFFICE LOW DN.  6. HAVE MANY STORE FRONTS IN LITTLEFIELD TEXAS WITH $1000 DN.------ WILL PAY COMMISSION-- BARGIN PRICE----- CALL OWNER AT 806-797-6481 LUBBOCK, TEXAS

( 08/28/08 12:30AM ) — Robert Machado, CPM MPM Sacramento Area Property Manager and Property Management

Everything is for sale at a price.  It just seems odd that a motivated seller would not want to get the word out to maximise their return.

Post a comment

Temporarily disabled — coming soon!