The importance of using HomeQT.com in the Starter Home Market.
Affordability in the starter home market continues to tighten dramatically. Starter home prices have risen 9.6% in the last year. In fact, for the bottom third of the market, starter homes in San Francisco, San Jose, and Los Angeles now require OVER 100% of income!
Starter home inventory in Los Angeles, CA is down 9.8% year over year according to Trulia’s Inventory and Price Watch data. [Download Data]
Given the tight inventory, it makes sense for all home buyers to use www.HomeQT.com to find out about pocket listings, coming soon listings, whisper listings, etc. Home Buyers must know about every home on the market, and the simple fact is that not all homes are listed in the multiple listing service (MLS). And, those that are listed are seen by everybody. HomeQT gives home buyers an advantage in finding the home they want.
Pocket Listing Price Ranges
Pocket Listings cover all price ranges. There is a misconception that pocket listings are only for the ultra-high-end homes sold and bought by celebrities and billionaires. The reality is much different. Home sellers at all levels use pocket listings to sell a home, and may want to see what the market interest is before putting it in the MLS. If the right offer comes in, the house is sold and was never listed. Buyers that only use the MLS to find homes are at a big disadvantage to the smart home buyers who registered with HomeQT.com to find their next home.
How to Find a Pocket Listing
Home buyers have a choice. They can look for a home listed on the MLS, and hope that they are seeing all of the inventory in their area. The home buyer’s best choice is to use www.HomeQT.com and be matched with sellers that have a property matching their needs. It’s a win-win-win for the Home Buyer and Home Seller.