what is a pocket listing?
A "pocket listing" is a listing that is not on the MLS. There are many reasons that a seller may sign a listing agreement but decide to either hold off on posting it on the MLS or keep it as a private or exclusive sale. Sellers should always be cautioned by their real estate agent (it is an agent's fiduciary responsibility to act and advise in their client's best interests) that restricting the pool of buyers in this way can result in a lower sale price.
If you are a buyer, you may be interested in knowing about any pocket listings in your area and price range. This is one of the ways in which a well-connected real estate agent can offer value. If you are interested in learning more about pocket listings please send us an email at Info@BacornGroup.com or use the Contact Us form. The Bacorn Group is pleased to be part of the largest network of agents in the area and we love to educate our clients about all the options available to them.