Homebuyers won’t find pocket listings on any type of listing website or even through a simple for sale sign in the front yard of a house. In real estate, a pocket listing is a property for sale by a broker that has been not entered into the multiple listing service (MLS). What Is The Difference Between A Pocket Listing Vs.
What To Consider When Buying A Pocket Listing? Read on and enjoy What Is A Pocket Listing? The Ultimate Guide! ( Use the menu below to jump to the section of your choice:) If you're eager to learn all about pocket listings and how to benefit from them in your business, then look no further. For others, they are perceived as a disservice to the real estate market as a whole. This method of selling keeps properties very low-profile, which may be a preferred method of buying and selling for some. The National Association of Realtors (NAR) found that up to 30% of all listings are believed to be pocket listings in some real estate markets.
Thus, they are said to be keeping the property in their pocket to maintain privacy and sell only to a limited buyer pool. It is essentially a listing represented by a real estate agent who is exclusively selling a property without advertising it to the general public. The “pocket” side of the term is metaphorical. Pocket listings are one of the unique and controversial methods of buying and selling real estate.
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