What is a “Pocket Listing”?
A pocket listing is when a seller gives their real estate agent, a signed contract to sell their home, but without putting it on the active market or MLS.
Why might a seller do this? The most typical reason is because of privacy. The seller does not want people coming and going through their home at open houses, and they don’t want their friends and neighbors to know what they are selling their home.
There are drawbacks to selling a home this way. It can cost the seller thousands of dollars by not marketing their home to the public, but it’s generally not the money that motivates this particular seller.
How do buyers find these pocket listings if they aren’t on the MLS or marketed online?
Map of the Parkside Neighborhood!
Here is a map of the “Parkside” Neighborhood located in San Mateo, CA 94403
* This is a rough sketch of the area and should be confirmed by a professional.
Burger Joint on Burlingame Avenue!
Burger Joint has been providing high quality hamburgers to San Francisco since 1994. Peninsula residents are lucky though, Burger Joint has set up shop in Burlingame. They’ve just opened the doors to their first location south of San Francisco and, picked a great area in need of a burger spot, Burlingame Avenue. Burger Joint proudly serves all natural sustainably and humanely raised Niman Ranch meats.
Should I Buy? Or Should I Rent?
Lately I’ve been asked by clients who are new to the area if they should purchase a home now, or rent first.
Since real estate is such a large investment, I advise these clients to rent first. Get settled into the area, find out what areas you like best, and then in 6-12 months start looking for the place you want to call home.
Map of the Harbortown Neighborhood!
* This is a rough sketch of the area and should be confirmed by a professional.
