Benefits and Drawbacks of a pocket listing?
What are the benefits and drawbacks of a pocket listing? When do you recommend taking this approach? A : There are occasions in which selling a home, “off-market” (not exposed to the wider buying public by keeping it out of the MLS) may make sense. Sellers who do not have the time, energy and/or desire to prepare their home for presentation on the Internet and to the public may prefer the off-market route. Sellers who prefer a higher level of privacy, wishing to limit access to their homes may choose this route as well. The potential downsides include a more limited buyer pool, fewer offers and ultimately a lower selling price; likely more true for properties that are not located in the most sought-after locations than those that are. Whether a pocket listing makes sense depends upon the particular property being sold and the individual needs of the seller. A : Pocket listings take several forms, but all involve limited exposure, usually outside the ML...