Since your house is not being listed on the MLS, and only select people are being told your property is being sold, it is unlikely that people will get in a bidding war over your home. If pocket listings prevent you from having to drive around the block twenty times while your home is being shown why doesn’t everyone do it? Well, while there are obvious advantages, there are some substantial disadvantages. The option is also available to start as a pocket listing, and then once you get an idea of what your home could sell for and are ready to jump into the process, then list your home on the MLS. Using a pocket listing is a way to avoid this situation. They assume there is a reason it hasn’t sold yet. Unfortunately, sometimes when homes spend an extended period of time on the MLS buyers assume there is something wrong with the property. If you are not in any hurry to sell, the buyer will most likely have to meet the asking price. Having a pocket listing allows you to only entertain offers that meet a certain price. Frankly, very few people will even know you are selling your home. There will be no “for sale” sign in your front yard, and no one will be wandering through your hallways critiquing your home. Pocket listings are handled with utmost discretion. A few of these pleasing elements include: Privacy Pocket listings offer many attractive advantages that give you more control over the process of selling your home. Regardless of the reason, if you have chosen to use a pocket listing, your agent would only contact other agents and buyers that are looking for a home specifically like the one you are selling. The same situation would apply if you have a particularly unique home, not necessarily an expensive one. You would simply give your agent a price you intended to get for your home, and they would only contact and pursue buyers with the ability to meet that price. If you were using a pocket listing, there would be no photos of your house online, or any showings you would have to plan for.
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