Location: Arizona
Submitted 07/23/12 04:14 PM

Q. How do you define "pocket listing"?

 

Answer #1
Submitted 07/23/12 04:19 PM
John MacArthur Licensed Maryland/DC Realtor, Metro DC Homes (Frankly Real Estate): Agent in Washington, DC John MacArthur Licensed Maryland/DC Realtor, Metro DC Homes (Frankly Real Estate)
Agent
Washington, DC

Contact Me

A.

Criminal but that's just me

Answer #2
Submitted 07/23/12 08:54 PM
Juli Vosmik - Scottsdale/Cave Creek, AZ real estate 480-710-0739, AZ license: SA582226000 (Dominion Real Estate Partners, LLC, Scottsdale, AZ): Agent in Scottsdale, AZ Juli Vosmik - Scottsdale/Cave Creek, AZ real estate 480-710-0739, AZ license: SA582226000 (Dominion Real Estate Partners, LLC, Scottsdale, AZ)
Agent
Scottsdale, AZ

Contact Me

A.

I define "pocket listing" as an agent who has talked to a home seller who may be "interested" in selling their home.  Then, this agent shares the information amongst other agents in his or her office or other agents who are actively working with buyers who might like that particular property based on another listing that agent may have had.  However, our real estate RULES state that once you have a SIGNED listing contract, you have 24 hours to put it into MLS.  Besides, with the crazy bidding wars which are currently going on in our area, why would you want to restrict free trade?  You might receive multiple offers for your home for sale and actually get more money.

Answer #3
Submitted 07/24/12 11:57 PM
Manuel Ramirez (Expert House Buyer): Agent in Sherman Oaks, CA Manuel Ramirez (Expert House Buyer)
Agent
Sherman Oaks, CA

Contact Me

A.

In the real estate term "Pocket Listing" is used when an agent knows of a property that is not formally listed.

 

We Buy Ugly Houses

Answer #4
Submitted 07/26/12 06:35 AM
Stephen Franano (Kansas City Region Homes): Managing Broker in Overland Park, KS Stephen Franano (Kansas City Region Homes)
Managing Broker
Overland Park, KS

Contact Me

A.

When Listing agent has not entered the listing into MLS but is marketing the property.
Sponsor

Disclaimer: ActiveRain does not evaluate or guarantee the accuracy of any Ask a Real Estate Professional responses. All questions and responses are provided by ActiveRain Real Estate Network community members. You agree that any use you make of such responses is at your own risk and that ActiveRain is not responsible for any losses resulting from your reliance on any Ask a Real Estate Professional responses. Ask a Real Estate Professional responses should never be used as a substitute for advice from a qualified professional. By submitting a question to Ask a Real Estate Professional, you acknowledge that ActiveRain is not responsible for any response you receive or do not receive, and you agree to hold ActiveRain harmless from any loss, harm, injury or damage resulting from or arising out of your submission of the question or your use of or reliance on any response thereto.