What Is a Pocket Listing? How to Find One in Lake Havasu, AZ

As a popular tourist destination with tons of unique events, Lake Havasu is an excellent place for CRE investments. While you can find many opportunities on the open market, some investors may want to explore pocket listings. What is a pocket listing in Lake Havasu, AZ? This post will explain pocket listings and provide tips on finding them.

What is a Pocket Listing?

A pocket listing is a property that is privately marketed and not publicly listed on the Multiple Listing Service (MLS). In commercial real estate, these listings are often shared directly with select investors. Some property owners may choose this strategy to maintain privacy, prevent disruptions at the property, or avoid unserious inquiries.

For investors on the buying side, pocket listings can have several advantages. First, they offer exclusive opportunities that may not reach the public market. They are often unique properties with high upsides. Additionally, their private nature makes for a more straightforward negotiation process with less competition.

Now that you know what they are and their benefits, let’s look at how investors can access pocket listings.

Build Your Market Presence

The owner’s representative will only bring the listing to credible investors. You must build your presence in the Lake Havasu market to be on that list. That means you should be active in the local market and join local professional groups. If brokers know you as a serious investor, they’ll be more likely to bring you exclusive listings.

Hire a Local Real Estate Advisor

Having a local real estate investment advisor can be invaluable. Their knowledge of the market and local connections can help you find pocket listings. A local advisor can be particularly valuable for investors needing an established presence in Lake Havasu City. Finding an advisor with the CCIM designation indicates they have the skills and knowledge to provide expert assistance.

Relationships With Lake Havasu Brokers

Relationships with local brokers will help you find pocket listings near Lake Havasu. If you have relationships with brokers, they could come to you when they have pocket listings. Brokers may also have insider knowledge of other listings and recommend you to people in their network.

Outreach to Property Owners

Reaching out directly to property owners can be another way to uncover pocket listings. However, this approach requires time and attention. You may need to research the local market and assess various opportunities before reaching out. Having a local adviser or broker can be valuable when determining property owners to contact.

Are you ready to invest near Lake Havasu? Click here to contact Randy Shuffler and his team. Randy is a local expert ready to help buyers, sellers, and investors in the Lake Havasu market. Reach out now to learn more about our services.

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