Select Your Pocket Listings in Westlake Village Real Estate
In the complicated world of real estate transactions, agents and other players use many
terminologies that are unknown to us.
Meanings of these terminologies may not be intuitive to all
the new...
More
Select Your Pocket Listings in Westlake Village Real Estate
In the complicated world of real estate transactions, agents and other players use many
terminologies that are unknown to us.
Meanings of these terminologies may not be intuitive to all
the new comers in the estate market.
Lets discuss about a very peculiar term i.
e.
pocket listings.
A
pocket listing is a term that’s normally used in US estate industry.
The term refers to a piece of
property where the seller and broker agree to sign a contractual listing agreement called the
exclusive agency contract.
Since both the parties agree upon some terms and conditions thus they
doesn t require any MLS.
As the owner of the investment property does not want public exposure on his property, so, he will
showcase the property to a selected group of pre-filtered investors.
If there is interest for the
commercial property the buyer works with his pocket listing brokerage to finalize the deal, get the
paperwork setup, and purchase
Less
