You can always go the conventional listing route if you are trying to sell your home. Its efficacy is indisputable. But you may want to consider a pocket listing under such conditions. In the case of a pocket listing, you will, however, need a top-notch agent. Here, then, is everything you need to know about what a pocket listing is and how it can help you sell your Shelton home.
What Is a Pocket Listing and How Does It Work?
A pocket listing is any form of listing of real estate that a listing broker or salesperson holds and is not made available to other office brokers or other members of the multiple listing service (MLS). It is also possible to refer to a pocket listing as a ‘off-market listing’ or ‘special listing.’
That may be a precise description, but it’s not all that straightforward or helpful really. So let’s look a bit more at what a pocket listing differentiates.
Sellers employ an agent for the advertisement of their property with typical conventional listings and list it on the MLS website. This website is open to a wide pool of buyers, and listing a Shelton property there indicates to the purchasing public that it is officially for sale.
But “sellers will not place their home on the MLS or anywhere else online” with a pocket listing. Homeowners will instead let their realtor know that they want to sell their Shelton home but do not want to publicly list it. The listing agent, in exchange, can only share the listing with select agents representing interested buyers and/or share the listing with prospective buyers themselves.
Usually, a listing agreement for the seller, the agent, and the recruiting company is drawn up when a seller hires an agent to list and sell a house. Then the property is listed on the MLS, as we mentioned, so that the listing agent can cooperate with other agents and brokers and share some fee as a consequence.
Since the property is not placed on the MLS in a pocket listing, the agent of the seller has no agreement to deal with any agents or real estate professionals and gets to retain all the fee. And that’s why, since it’s easy for things to fall into an ethically dubious field, you have to make sure you’re dealing with a trustworthy agent.
Why Do Sellers Use a Pocket Listing?
Sellers chose to use a pocket listing over a standard MLS listing for three key reasons:
JUST THINKING OF SELLING AND NOT FULLY DECIDED
If a homeowner is not yet completely committed to selling but is considering it, instead of listing on the open market, she can prefer a pocket listing.
WANTING A SPECIFIC PRICE
Some distributors have a certain price in mind and are reluctant to negotiate the price. In this case, if buyers are willing to pay that amount, they can opt for a pocket listing to find out, without the MLS commitment. A pocket listing also makes it possible for agents to “seek out and vet customers who have the financial capital to purchase the house.”
PLACING A PREMIUM ON PRIVACY
Some vendors highly respect their privacy and do not want their listing to be plastered all over the Internet or strangers traveling for showings everyday via their home. A pocket listing allows for privacy of this sort.
Advantages of a Pocket Listing
There are many cases in which a pocket listing offers incentives that can assist you in Shelton selling your home. They include:
WHEN YOU HAVE A BUYER IN MIND
If you already have a solid buyer lined up for your Shelton home, there is really no point in going through the staging and listing effort, with far less time and effort expended, a pocket listing will do what you need.
WHEN YOU WANT MORE PRIVACY
Your Shelton home selling would remain relatively private with a pocket listing, with only a few individuals knowing about it. This secrecy would allow you to target serious customers and cut down on fruitless negotiations.
WHEN THERE’S A LIMITED MARKET FOR YOUR HOUSE
If your house is upper-end price-wise, for example, there is likely to be a small demand for it. In this situation, so you can target that particular niche market, a pocket listing can help you sell.
An Important Caveat
So a pocket listing will potentially help you sell your Shelton home, but you should be aware of one significant item. And that is, in order to get the job done properly, you would need a top-notch local real estate agent. You have to get ideas, do your research, and interview potential agents. Or you might just go directly to the agents who you can be certain will have the knowledge and skills you need. We’ve got those agents. If you are interested in a pocket listing and you want a trained agent, just call (203) 900-7110 today to contact us.