Real Estate Insight, Statistics, Gossip, and News – with a Twist and some Flavor

Archive for the ‘pocket listings’ Category

Pocket Listing. Not On MLS. Buyer In Need. No Problem. PocketListings.net Launches Nationwide!

Wednesday, July 14th, 2010

Although you might think theFrontSteps has been completely sleeping these past months, you probably forgot we’ve been busy building a place for real estate agents to post the thousands and thousands of pocket listings they have throughout the year. Not only can they post pocket listings available to be sold, but post they have buyers who are looking for something they just can’t seem to find on MLS. There is no limit on how many times you can post, it’s completely FREE to join, and any type of property is fair game (Commercial, Residential, Land, Houseboat, etc.). It’s kind of like Craigslist meets Google meets eHarmony for off market real estate, and we’re not just for San Francisco. Today, we go nationwide!

Yup, we’re live (in beta) and we want you, and you, and you to check it out, use it, and tell 100 of your bestest of best Friends.

Non agents (i.e. Public) are welcome too! Just contact your agent if you see something you like.

Here’s the best thing…we’ve quietly been live and testing the site for a couple of weeks, and trying to keep it relatively under wraps, but already have agents who have joined us from Santa Rosa, San Francisco, San Diego, Burlingame, Belmont, Pacific Palisades, and Palo Alto, CA to name a few. Still other agents in Scottsdale, AZ, Miami Beach, FL, Bend, Oregon, and the number of agents joining are growing at a very surprising rate.

We’ve had great feedback from our initial users, four agents who’ve already contacted each other about potential matches, and we think we’re ready for all of you. So go check out and use PocketListings.net.

Here are some direct links to some noteworthy pocket listings already posted:
-Click here to see the very first pocket listing ever posted on our site (A $2.4M home in Scottsdale, AZ).
-Click here to see the most expensive pocket listing posted so far (A $5.5M home in Palo Alto, CA).
-Click here to see the most unexpected post so far (A $60,000 parking space in San Francisco, CA).

PocketListings.net is absolutely ROCKING and we haven’t even begun. Don’t wait, get in the game!

To keep updated on our happenings, we have a substantial number of “Friends” already on our Facebook Profile (also serving as our blog), so we’d be delighted to have you come join us there.

Our Twitter page is growing every day, and is also the place every single one of our posts is fed. Huh? Fed? Yep, you can follow us on Twitter, you can follow our hashtags for #plcity, and you’ll see every single post in real time. No need to search, no need to sort. Just browsing for all of you real estate porn addicts. Follow us @PocketListings.

If you liked watching theFrontSteps grow to over 500,000 readers*, you’re going to be more impressed with what we do with PocketListings.net, so we hope you find a way to be a part.

-PocketListings.net
-Facebook.com/pocketlistings
-Twitter.com/pocketlistings

*in our heyday, we had ~500,000 unique visitors per year, right here on these very theFrontSteps.

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Immediate Need: A Place To Park, Wash & Dump Bus Toilets

Tuesday, May 11th, 2010

Hey guys,
I’m looking for commercial property in or near SF to buy or lease. I have been working with a broker out of San Mateo for the past year. Still haven’t found the property. Immediate need is a place to park, wash, & dump bus toilets by June 1.
Long term want is same space with building for service. Budget is $2.5M. Problems to this point are: local city won’t permit our use, or price is way past $2.5M. We are prequlified with B of A & have a letter.
I’m looking for a space to lease before June 1. I’m writing you because I don’t know where to start.

Well, let’s see if you came to the right place. Anyone (thefrontsteps@gmail.com)?

Forget The Loft, We Wanna Get In That Tub!

Wednesday, April 14th, 2010

If you’re going to go loft, you might as well go big. Not yet on the market, but coming very soon, 3 Clarence Place ($2,658,000), a 3br, 3ba, 2700 square foot freestanding loft with 2 car side by side garage is not to be missed.





Our bathing suits, and six-pack are in the bag, just send the invite, and we’re there. Oh wait, we’re Realtors…if you’d like to get a first look at this property, just contact us and we’ll gladly get you in…but don’t forget your your suit ;-) cuz we wanna get in that tub (must be all this cold, wet weather)!

-3 Clarence Place [website]

Begin Chest Compressions….

Wednesday, March 3rd, 2010

Airway…..blocked!

Breathing…..none!

Pulse……flat!

But fear not! We’re coming back to life, just bear with us. (Yes, this post was prompted by a couple Tweets by @SF Schtuff yesterday.)

Our Site for Pocket Listings (a.k.a “Off Market” or “Not on MLS”) properties is coming soon, and already causing quite a stir, a lot of buzz, and we’d even go so far as prompting a bit of fear in some people’s eyes. Bottom line, it’s going to be awesome for real estate agents, and public alike (once we work through the launch bugs ;-) .) There are several ways to be kept in the loop: go to PocketListings.net and enter your email; follow us on Twitter; or join our Page on Facebook.

So…what should we talk about here?

“…all this posting of properties on blogs just complicates things.”

Wednesday, July 16th, 2008

Says Realtor to us after not disclosing to him the address of a pocket listing [off market deal] we had known about. (This after his client contacted us directly interested in the property, and the selling agent made us swear on our grandmother’s grave not to disclose the address [publicly online] to anyone in order to post to our site.)

I have to ask, what does it complicate? You missing out on a deal, or your clients knowing about off market deals before you (essentially knowing more than you)? They already have complete access to MLS, so why not bring them the growing number of off market opportunities too?

It’s called transparency, social networking, and the power of the internet. Get used to it, and plan on losing some clients in the future. You almost lost one, but you’re lucky he’s loyal to you.

[Explicative removed citing poor judgment and bad choice of word.] (You know who you are, and we hope you’re reading this.)

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Developer Special (not on market) in Haight Ashbury

Wednesday, June 11th, 2008

We hesitate to provide the address of this property (as always to preserve privacy), but at the same time we feel it our obligation to put out to a larger audience some potential deals that might be right up your alley. Should you, or your friends, be interested in taking this property off the hands of the current owner (around $1.8-2M) feel free to contact us.

(We can see you MapJack O’holics cruising now.)

It’s got some potential for the right person, and “permits and plans for redoing the entire house and expanding the garage to a two car garage. [The owners] have gotten as far as completing a total demolition of the interior space. The house is about 4000 square feet, 6bd/4ba”, it’s located in a great area of the Haight Ashbury district, and we want you to have it.

If you recognize this kitchen, you know the home.

…and of course that facade will let you know if it’s something you desire. We also tend to think this better for an owner-occupier rather than developer, so if you’re looking to remodel a home, need this kind of space, and don’t plan on flipping, opportunity knocks.

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188 Minna #33D (St. Regis) in contract (~$3.7M) after one week…are you kidding me!?

Wednesday, June 4th, 2008

[Update: As of 6/13/2008 at 8pm, it is again available. The buyers in contract pulled out, my buyer has had a change of heart feeling SoMa is a bit "dead", so we won't be writing an offer at this time, and now we wait to see what happens.]

I can’t believe what I’m writing. Months ago I tried to tell all of you and some clients about some pocket listings (off market deals) at the St. Regis.

After playing phone tag a few times and finally getting a commitment from some clients to fly out and see unit 33D a 2 bed, 2.5 bath ~1800 sqft condo at the wonderful St. Regis, asking $3,695,000, I find out today it is in contract! (I find out after practically pleading for them not to ratify and give my clients a look.)

Are you kidding me! Why am I so upset? Because, in every other world class market in the world, when you have some clients that are ready to plunk down close to $4,000,000 it’s not much of a problem to find them a suitable home (forget personal tastes, we’re talking availability). When you live in San Francisco, it’s not so easy.

I’m disappointed, and of course had you been watching my new morphine habit (Twitter) you’d already know this. Silver lining…I know of more pocket listings at the St. Regis, so I’ll live to fight another day.

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Liberty Hill Pocket Listing

Monday, June 2nd, 2008

Contact us if the below sounds of interest.

Unique Liberty Hill Opportunity — 2 Properties on one Lot + Upside

$2,500,000

20th Street x Dolores & Church

A+ Location Overlooking Dolores Park w/Expansive Views

Rear House (Just Completed):

Custom Urban Oasis Approx 2000 ft plus loft

Top of the Line Design & Construction

Fully Detached

3 Bedrooms/2 Bathrooms on one level

Master bedroom w/walk in closet & private patio w/artist’s fountain

Living & dining rooms w/built ins

Chef’s kitchen

Large usable loft space – office, playroom, guest space

Delivered Vacant

Front House:

Panoramic Cityscape, Dolores Park & Downtown views

900 ft cottage – 1 level over garage

Build 1906 – 5 Room Cottage

2 car garage

Tenant occupied — $2500/month (includes 1 car parking)

Project Status:

Final electrical & plumbing already issued on rear house. Final building expected next week.

An OMI was performed on the rear house in 2002 prior to rebuild.

Property zoning is RH3.

25 x 114 Lot

Both adjacent properties are three stories over garage

Existing plans (no permits) for two unit on front. (Could be one large unit?)

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Lemonade for sale! And a Cow Hollow Single Family Home Pocket Listing too

Thursday, May 15th, 2008

As you know, we are out enjoying the weather, but said we might come in for some lemonade and do a post. And since our phones and emails never get a break, we thought we’d introduce you to something sweet, that hit both the phones and emails today:

[Update:]

1807 Greenwich: Contemporary Cow Hollow House

Offered at $2,350,000

Move-in Ready!

* Large-scale living/dining area with gas fireplace

* Kitchen/family room with new stainless steel appliances

* New Brazilian Cherry Floors

* 3 bedrooms on top floor

* Office on ground floor opens to secluded South-facing yard

* 2.5 baths

* New Loewen double paned Windows

* 2 car parking

* Detached on 3 sides

* Fantastic Location … 2 blocks to Union Street shops & cafes

Cow Hollow Single Family Home on 1800 block of Greenwich @ Octavia

Will hit the market Memorial Day weekend

3 bed, 2.5 bath, 2 car tandem with bonus room off the garage.

Built 1996

Contemporary, Granite, Stainless, the whole bit

Approx 2600+ square feet (waiting for exact number)

South facing yard

Price $2,350,000 new description above is better

Interested? Contact us. As soon as we have pics and more details, we’ll let you know.

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Life at the St. Regis is pretty damn good *

Wednesday, April 30th, 2008

You know that when I talk “life”, I talk real estate, because real estate is my life, and therefore life (real estate and living) at the St. Regis is pretty damn good. However, there are a few exceptions…the “B” units and one “F” are getting a bit stale!

I was fortunate enough to sell Unit 38 B for my clients 5 days after I put it on the market (full disclosure, another agent had it on the market for 8 months prior…started at $2.8M, we listed at $2.395, sales price *). But the other units that were also on the market at the same time (March 2008 ) are still there. What gives? It’s pretty damn simple, pricing. Those sellers need to get a bit more realistic about their prices, and their agents need to counsel them to get there (they probably already are). I know what price is going to get you 25 F, and kudos to the Realtor for getting their client closer to reality, but 22, 34, and 37 B…time to start chopping.

Just like at One Rincon Hill, I also know of a few properties at the St. Regis that would be available off market, so if the St. Regis is your thing, feel free to drop me a line. If any of the new developments are your thing for that matter, there are more units “available” than you might think.

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A failed flip at One Rincon Hill, and what we know about high rise “resales”

Wednesday, April 23rd, 2008

Truth be told, I recently had a client in contract to “take over” a unit above the 50th floor at One Rincon Hill from a “seller” that had purchased their unit via the sales office on the very first night said sales office opened. Yes, that means it was an attempted “flip”, a “cancellation”, a “pocket listing”, and the list goes on. The deal has crumbled (for various reasons), so now I can talk (a little).

The Lobby at One Rincon Hill

[That's the lobby.]

It’s funny to see all the chatter online about one person (okay maybe many people) listing their One Rincon Hill unit for sale on Craigslist and looking for someone to “take over” their contract. First of all, it ain’t that simple to just “take over”. If you think you can go it alone without some third party advice, just post to Craigslist and all of your problems will suddenly vaporize, think again.

Secondly, it should come as no surprise that many people will not be able to go through with their purchase, but it doesn’t mean the sky has fallen. Actions of a few individuals in one building do not represent the well being of an entire group (the market). For every one person attempting to flip or find someone to “take over” their purchase, there are 10 others that aren’t.

Finally, there are more of those transactions going on than you know at every new development in San Francisco (at least those with residents moving in), and many of those units are changing hands to ready and willing buyers (I lost a client to one such agent who had a client “transferring” their unit at the Infinity), so the focus on One Rincon Hill, and this type of activity at all, is blown way out of proportion.

What we know is that although the market has changed significantly in the past year, it is by no means down and out (surprisingly), and using anecdotal bits of “resale” activity at One Rincon Hill to paint a picture of the entire landscape of San Francisco real estate is nothing short of loony!

As for which units at One Rincon Hill are “available”, or how great the views from the top floors are… you’ll have to come back, because I just went on a tangent. For now, I can tell you, there are several units above the 50th floor “available”, should you be interested.

-Foreclosures Quadruple in State, Bay Area [sfgate]

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Another Noe Valley pocket listing

Thursday, February 14th, 2008

…that we’d love to help you purchase:

Stunning remodeled 4 br, 2 ba, 2 decks, garden, huge undeveloped attic, 18 ft. ceilings in kitchen, etc. There is no parking, but architectural plans to expand to 4500+ sq. ft. + 2 car garage are available. Near Noe and 29th.

To the person that contacted us regarding the other Noe pocket listing we posted, our apologies, your email vaporized. Please contact us again.

We welcome emails from principals and agents.

No Greg, this is not our pocket listing, and for those that might be wondering, a pocket listing is a home that is currently not in MLS and therefore not “on the market”.

Either contact us here or thefrontsteps@gmail.com.

[Update: Cat is out of the bag and on Craigslist. Thanks Sophie!]

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It’s a pocket listing kind of post

Monday, February 11th, 2008

If you, or anyone you know, are interested in any of the following, please contact us:

-Lake Street SFR 6 bed, 3.5 Bath, 2 car parking $2.6M

-Russian Hill Condo on Polk St. 2 bed, 1 bath, no parking $995k

-South Beach Condo (88 King), 3 bed, 2.5 bath, pano view, 1 car parking, $2M

-200 Townsend, 1 bed, 1 bath loft, $685k

-6 units in Haight Ashbury, 5 vacant, needs work, price around $2M

-Noe Valley Victorian SFR, 3b/2ba, garage, yard, $1.4M

-Great Highway SFR on 3000 sqft lot.

-9 Units in theatre district on Sutter, price around $3M, all tenant occupied.

No, Greg, these are not all in my pocket, but I am glad to see you (comment from time to time.)

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