A word on Pocket Listings

It seems a very common trend now to hear the word pocket listings. Because of the lack of inventory many agents are using this gimmick to attract buyers and sellers. As the word says its a gimmick. Would be a disservice to you as a seller and kind of shooting yourself on the foot to sell your LOFT as a pocket listing. Most places today sell on multiple offers and thats the reason the market has been going up, higher demand than supply and bidding wars. Bidding wars do not happen on pocket listings and for you to get multiple offers your place needs to have the most exposure as possible.

Also most places that are listed as pocket listings are overpriced and thats why sellers don’t want to waste time putting for sale.

Next time your agent suggests that you sell your place as a pocket listing, think twice.130416153632-pocket-listings-620xa

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