How to Find Sacramento’s Hidden Inventory “Pocket Listings”
As we roll into a very hot spring real estate market, one way to find a home is to seek Sacramento’s hidden inventory “pocket listings.” I did just that when looking in the Boulevard Park area of Midtown Sacramento. A long term client of over 21 years was looking for a home in the area. She had now, of course, become a dear friend. When we were house hunting, it became quickly apparent there were so few homes for sale in this area.
I called an agent in Midtown who works Boulevard Park and he had lived in the area for many years. Mentioned I was looking for something updated about 2400 square feet. There was nothing like this in the MLS. He said he actually had clients who had talked about selling, let me ring them. They were away on vacation in a very exotic place in the world at the time.
He had a key and they said go ahead and show it, we are willing to sell for the right price. I took my clients there and they loved it. A beautiful updated single-story with a cute yard where they could entertain. This home looked like it was in an architectural storybook magazine. It had stained glass leaded windows and a basement that would make a terrific wine cellar. In the back was a common area off an alley. The streets in front have an island running down the middle with grass and trees, it is just a lovely neighborhood.
Our excited buyers wrote an offer, and the seller’s agent, a wonderful man and a terrific agent, presented and the seller accepted. This was an example of Sacramento’s hidden inventory “pocket listings”. By definition, it means a potential listing in my pocket, that is not actively listed on the market. It takes a willing buyer, a willing home owner and real estate agents who can put a painless transaction together. We did just that.
The buyers and sellers bought each other a bottle of wine for the final walkthrough, and it was a wonderful transaction. Simply no stress as each side wanted the best for each other and it was such a win-win. The seller’s agent drew what is called a one-party listing agreement, good for only my clients, and we closed escrow! If only all transactions went this well.
I wrote a blog yesterday called searching for a home is like an Easter egg hunt. Hunting for pocket listings means we call every agent we know and maybe some we don’t, to ask if they have any of Sacramento’s hidden inventory “pocket listings.” You basically find a listing where there wasn’t one!
Being resourceful and helping clients is what being a top producer is all about. If you are having a challenging time finding the home of your dreams, call Weintraub & Wallace Realtors, powered by RE/MAX Gold and caffeine. We usually have a few pocket listings coming up. In fact, we have several, one currently in Elk Grove and another in Natomas, so call us today! (916)-233-6759.
— JaCi Wallace