Many of our listings are “pocket listings,” which are not advertised. Similar to how many of the best job openings are filled before they are advertised, many of the best homes are sold before they are advertised. For an opportunity to tour homes for sale, which are not advertised on this website please send us an email or call (480) 807-0707.
A pocket listing is a real estate industry term used in United States which denotes a property where a broker holds a signed listing agreement (or contract) with the seller, whether that be an ‘Exclusive Right to Sell’ or ‘Exclusive Agency’ agreement or contract, but where it is never advertised nor entered into a multiple listing system, or where advertising is limited for an agreed-upon period of time.
The reasons for a pocket listing may vary from the need for privacy or secrecy to discrimination, and some sellers may have their own reasons for not advertising a listing in conventional ways, including wanting to sell only to certain types of people. Several legitimate marketing strategies can also lead sellers to choose pocket listings. Pocket listings can be very appealing to buyers who seek exclusive opportunities. Other legitimate reasons for a seller to decide to do a pocket listing include the potential for a faster, smoother transaction when the listing agent has buyer clients who may be interested in the property. It can reduce the need for many showings to strangers. – Source: Wikipedia
For questions about pocket listings please send us an email through the form below.