02/29/2016 by eileenlanza 0 Comments
What is a “pocket” listing? See one here!
Sometimes, a home is for sale and it is a secret. For one reason or another, an agent keeps this as a "pocket" and it does not go in the Multiple Listing Service for the world to see. It can be a pocket listing for a few weeks before it is actually listed; maybe the seller is fixing up the property or photos and marketing is not ready. Sometimes the seller may want it a secret for personal reasons – they may be re-financing the house and do not want the bank to know, they may be testing a high price to see what response they get or they may be a celebrity and not want the info on the internet. I do not like "pocket" listings. It is my job to get the seller the best offer and best price and it is a little hard to do when it is a secret. Having great relationships with other agents helps me get the inside scoop.
So – here is a "pocket" listing in my neighborhood on beautiful Las Palmas in Hancock Park, Los Angeles. Listed at $4m. 6 beds, 5.5 baths in over 6100 sq. ft. First time on the market in over 70 years. Remodel & Renovate = it will be beautiful! Contact me asap for a private tour. It will only be for sale for 1 month.