SAN FRANCISCO--(BUSINESS WIRE)--Private real estate marketplace PocketList has released its mobile app, giving San Francisco Bay Area homebuyers unprecedented access to non-publicly available properties for sale. Buyers can download the free app for iOS and Android, complete a simple verification process, and gain access to pre-MLS and off-MLS homes that match their budget and desired locations.
Before PocketList, most buyers didn’t have access to the increasing number of homes being marketed and sold outside of the MLS. These properties, which currently make up an estimated 20 percent of all Bay Area home sales, have traditionally been marketed through word-of-mouth and exclusive agent networks. If buyers didn’t have the right agent or were not part of the right circle, they missed out. PocketList is changing that by granting access to all buyers who show a pre-approval letter or proof of funds.
“We believe that qualified buyers should have access to every home for sale, not just the ones that are publicly listed,” said Tom MacLeod, CEO and co-founder of PocketList. “When I was looking to buy last year, I was surprised to learn how many homes are sold outside of the MLS. We founded PocketList to give consumers complete access to information when making the biggest purchase of their lives.”
While PocketList does not take part in the real estate transaction, they help users navigate the buying process and offer introductions to agents and mortgage lenders. “Purchasing a home is stressful, and we act as a concierge to make the process easier for our buyers and connect them with the right people,” said MacLeod. “If buyers have questions or need help, they just send us a note through in-app messaging. It’s streamlined and efficient.”
PocketList is the Bay Area’s private marketplace for real estate, connecting pre-approved buyers with agents who have pre-MLS and off-MLS properties. Founded in 2015, the company is headquartered in San Francisco with a satellite office in Boston.