Have you been doing research about the best way to sell your home and came across the term pocket listing in Goleta? This is not something that most people know about because it is not the typical way to list a home. It is smart for you to understand what this type of listing is.

A pocket listing is a real estate sale offer that is being handled by one salesperson or single broker only. It is not a listing that is made available to multiple listing services, or even to other real estate agents in the same office.

It is known as an off-market listing or even an exclusive listing. That means that it is only sold privately and not to the general public. This is the type of sale that can be handled when the seller wants privacy or brokers that has numerous connections in the community.

If you are thinking about speaking to an agent about doing this type of listing, you first need to understand the advantages and disadvantages of it. These can be advantages or disadvantages for the real estate agent or the seller, and sometimes they will be for both.

The advantages include:

One: Real estate agent will get all the commission from the sale of the property.

Two: The buyer and the seller will have complete privacy during the entire transaction from start to finish.

Three: This gives the seller a way to test the real estate market to help them create a selling price that is right before they decide to list it on multiple listing services.

Four: The home will spend less time being listed on the multiple listing services, which will make the house appear as a new listing and not as an older home, which some may consider overpriced if it is on there too long.
The disadvantages include:

One: There is only one real estate agent working to sell your property, so it could take a bit longer.

Two: You may have low or fewer offers on the property.

Three: Without multiple offers from potential buyers, there won’t be a chance for a bidding war to happen, which could make the property sell for less.

Four: Without a lawn sign or advertising that the property is for sale, there will be no walk-in traffic, which could make it sell faster and possibly for more.

Now that you know what a pocket listing in Goleta is, along with the advantages and disadvantages of it, you can decide if this is the right way for you to sell your property. If you are unsure, take time to speak to a real estate agent to help you determine this, so you can get your property sold in a timely manner for the right price for you.