Not all homes spend weeks on the market waiting for buyers. Some properties sell before they are listed on the Multiple Listing Service, also known as pocket or off-market sales. Understanding why this happens can help buyers and sellers navigate the real estate landscape more strategically and take advantage of opportunities that are not publicly advertised. Exclusive Listings and Pocket SalesSellers may choose to list their homes privately to test the market or maintain privacy. Real estate … [Read more...]
What is a Pocket Listing?
A pocket listing is a property that is for sale, but not publicly advertised. It is not listed on major real estate websites or even MLS. Instead, the agent keeps the listing "in their pocket," only sharing it with trusted colleagues, buyers, or clients they know are serious. These homes are still for sale, but they are sold more quietly, behind the scenes. Why Would a Seller Choose a Pocket Listing? Privacy: They may not want a lot of people walking through their home, especially if they are … [Read more...]