What Is a “Pocket Listing”?

Pocket listings in real estate refer to properties that are being privately marketed and sold by a real estate agent or broker, rather than being listed on the Multiple Listing Service (MLS) or advertised publicly. These types of listings are becoming increasingly popular as they offer both buyers and sellers a level of discretion and privacy that can be hard to come by in today's fast-paced, digital world.

One of the main advantages of a pocket listing is that it allows sellers to keep their property off the market until they are ready to sell. This can be especially beneficial for homeowners who are not yet prepared to move but want to test the waters and see what their property is worth. By working with a real estate agent or broker who specializes in pocket listings, sellers can receive an estimate of their property's value and determine if now is the right time to sell.

Another advantage of a pocket listing is that it allows buyers to access properties that may not be available on the MLS. This can be especially beneficial for buyers who are looking for a specific type of property or in a specific location. By working with a real estate agent or broker who specializes in pocket listings, buyers can gain access to properties that they may not have been able to find on their own.

However, there are also some potential downsides to pocket listings. For example, because these properties are not listed on the MLS, they may not receive as much exposure as publicly listed properties. This can make it more difficult for buyers to find the property they are looking for and can also make it more difficult for sellers to find buyers.

In conclusion, pocket listings can be a great option for both buyers and sellers who are looking for a level of discretion and privacy in the real estate market. However, it is important to work with a real estate agent or broker who specializes in pocket listings and has a proven track record of success in order to ensure that you receive the best possible outcome.