Viewing and buying "off-market", private and Pre-MLS properties: What does that mean?

 

Homes in Lincoln Square early this month (all photos Eric Rojas, Broker, Kale Realty)

I've shown my clients "off-market" or Pre-MLS properties for sale over the past few weeks. We provide our clients with access to "off-market" listings: Pocket, private and Pre-MLS home listing options to view and buy. What does that mean? 

A Pre-MLS listing is a property offered for sale by a licensed broker that is scheduled to be listed on the MLS at a later date. Some folks like to try out the listing price, retain some privacy and/ or wait until after the holidays to place in the MLS for the entire world to see.

A "pocket listing" is generally a property that is not scheduled to be listed on the MLS. However the seller has either entered into a listing agreement with a broker or made it known to one or many brokers they are willing to sell if a willing and able buyer is produced.

A Private Listing is a property listed for sale in our MLS Private Listing Network. Member brokers of the MLS can access this in a special category but it is not viewable by the general public on third party sites.

A bungalow was offered PRE-MLS before the holidays.

Sellers often hire licensed Real Estate Brokers to make their properties available for sale PRIOR to listing on a local Multiple Listing Service. Once on the MLS the property is available to all paid member brokers in the MLS and to public third party web sites (Trulia, Zillow etc...). This process is fairly intrusive to the seller as you can imagine. There are any number of reasons a seller may choose to offer their property for sale the "off market" route. Privacy and feeling out the listing price are the two major reasons.

Typically a listing contract is signed between the listing brokerage and seller allowing the broker to actively seek buyers (brokers are regulated by state and federal advertising and fair housing law). Brokers list the property on their company sites, personal real estate sites, social media and broker list-serves following the rules and regulations.  However the property is not listed on a member's local MLS to be fed on all reciprocal websites. 

As a full time Licensed Real Estate Broker I invest time and money to provide access to "off market" properties. I scan my various resources every day, network and stay on top of the market areas my clients want to purchase in. Contact us to search for your next property!

Off market opportunity! New Lincoln Square single family home for sale $1,075,000

5122 N Claremont, Chicago IL 60625 offered at $1,075,000

Bob and I love finding "off market" buying opportunities for our clients. We use private top agent communities, long time networks and old fashioned neighborhood research to find "pocket" and pre-MLS listed properties for sale. I recently came across another new gut renovation in Lincoln Square offered for sale near my own home. I reached out to the developer for information.

The original frame home was in bad shape.  A developer/ broker experienced in renovations purchased the house.  I liked the choice of white siding and black trim for a modern farm house look.  The 5100 block of North Claremont is full of awesome neighbors with great gatherings and block parties year round. Winnemac Park is less than two blocks east. Walk to the heart of Lincoln Square restaurants, fests and CTA Brown Line at Western Ave. 

The home is in CPS Level 1 rated Chappell School district. Check out  Friends of Chappell doing great work to support students, teachers and administrators.

Inviting front porches line the street!

5122 N Claremont, Chicagio IL 60625 
Offered by:
Steve Porter
Owner | Managing Broker
Redefined Residential
8770 West Bryn Mawr Avenue
Suite 1300
Chicago, Illinois 60631
PRE-MLS for sale $1,075,000

Details from the Broker:
Lincoln Square Well-appointed New Renovation on a 30 X 125 Lot. Offering 4 Bedroom / 3.1 Baths this Home Features a Thoughtful Modern Floor Plan, Professionally Designed Finishes and Space Utilization for Improved Livability. The Main Floor Offers Dramatic 10 Ft Ceilings, Impeccable Finishes, Custom Millwork Package and 5" Hardwood Floors Throughout 1st & 2nd Floors and Mudroom w/ Built-ins. Gorgeous Chef's Kitchen w/ Top Of The Line Appliances, Designer Lighting, 9 Ft Island, Large Walk-in Pantry and Breakfast Area. Master Suite w/ Spa Bath, Heated Floors, Standalone Soaking Tub and Dual Walk-In-Closets. 2nd Floor also Has 9 Ft Ceilings and Laundry Room. Lower Level w / Rec Room and 4th Bedroom, Plus Separate Storage Room. Huge 3rd Floor  Rec Room / Home Office w/ Access To Roof Deck. Dual Zoned Climate Control, Wired For Internet and Security System. Floor Plan is Perfect For Everyday Living and Entertaining. Easy Access to El and Park. Professionally Landscaped w/ Patio, Fenced Backyard, 2.5 Car Garage.
Still Time to Pick Some Finishes...
Completion Date: End Sept

Contact me to show this home or to find your next property including listed, short-sale, foreclosure and "off-market" opportunities!