Comments on: What is a “Pocket Listing”?

By: David Tapper

David Tapper — Fri, 04 Mar 2011 17:08:57 +0000

Hi Jacque,

It’s negotiable. You can pretty much do as you wish. Most agents will only take a minimum 90 listing.

Even if I were to take a 30 listing, I would need another 30 days to allow for the home to close escrow, which is normally 30 days.

Thanks for your question, feel free to write or call anytime.

Tap

By: jacque

jacque — Thu, 03 Mar 2011 01:19:40 +0000

Can you set a time limit on a “pocket listing”? Maybe something like a 30 day listing with an agreement that when and if you were to list the home again , it would be with the same real estate agent.

By: Antelope Valley Houses

Antelope Valley Houses — Mon, 16 Aug 2010 22:35:14 +0000

I have never run across anyone who wanted a pocket listing. Who cares what your neighbors think if your moving anyway?

By: Susan@Palmdale Homes

Susan@Palmdale Homes — Mon, 19 Jul 2010 16:58:02 +0000

I can understand how some sellers want the sale of their home to be kept private. Putting a house on the mls is a very public experience. A pocket listing is great to avoid ex’s, nosey neighbors or even collection agencies that won’t stop harassing a seller.

By: Brendan Aiello

Brendan Aiello — Mon, 24 Aug 2009 22:19:19 +0000

Geoff,

I completely agree. However, in certain circumstances pocket listings work for certain individuals. For example, some people are very private about their business and don’t want people to know their house is for sale until it is sold. Another reason is some people simply know they overpricing their home and wish to “chase the market” this usually results in tons of “Days on Market”. By chasing the market off MLS the DOM rating is more or less hidden from the buyer (unless their agent knows how long it has been available).

-Brendan