Pocket Listings Heat Up: Good or Bad?

Pocket listings -- off-market listings that are marketed directly by the seller’s real estate agent or broker -- are growing in number, according to news reports. Sellers must agree to "pocket listings"; otherwise they aren’t permitted. Some sellers agree to such arrangements to “test the waters” first with selling or to avoid a large number of people from entering their home, or they may seek privacy, like in cases of celebrities or public figures. Some real estate professionals argue the rise in pocket listings is hurting the housing market because these homes are given limited exposure and are making it more difficult to compare homes and prices. Usually with pocket listings, brokerages complete the entire transaction in-house, thus collecting both the seller and buyer commission. “Pocket listings are a good segment of our business,” writes one real estate professional on the RISMedia Facebook page. “Regarding cons with agents taking in full commissions ... we charge a flat rate for our pocket sales, much less than a full-percent commission.” But many agents note that the majority of pocket listings are eventually entered into the MLS. Source: “Pocket Listings: Helpful or Harmful?” RISMedia (March 14, 2013) “Using a real estate agent is a very good idea,” says the U.S. Department of Housing and Urban Development (HUD). "All the details involved in home buying [and selling], particularly the financial ones, can be mind-boggling. A good professional can guide you through the entire process and make the experience much easier."

What’s the Difference Between a Real Estate Agent and a Realtor?

Realtor Logo
National Association of Realtors
More than two million people have earned real estate licenses but only a small percentage of these are Realtors. Realtors are members in good standing of the National Association of Realtors, their state association of Realtors and a local real estate board. Realtors are held to high standards of ethical behavior and must undergo continuing education annually to remain accredited. All agents of Nesbitt Realty are Realtors!

What Does a Realtor Do?

Realtors are required by law to:
  • perform necessary and customary acts to assist in the purchase or sale of real estate.
  • perform these acts in good faith and with reasonable care.
  • properly account for money or other property placed in his or her care.
  • disclose “adverse material facts” which are, or should be, within the agent’s knowledge.
MLS
The MLS is a database of homes listed for sale.
A Nesbitt Realty Realtor will be well acquainted with the important things buyers want to know about your property's neighborhood. When it comes to selling your home, a Realtor will save you time and aggravation. We will get your home on the market instantly with the MLS. When an offer comes in on your property, our Realtor will help structure the deal to maximize your proceeds. He or she will guide you through the mounds of paperwork. Nesbitt Realty pays for all advertising, schedules all open houses and makes sure potential buyers are qualified. The money they can save you is often more than the cost of our commissions. [learn more]

Do you work with properties other than condos?

Because we do business as Condo Alexandria, I'm often asked: do you only work with condos? The answer is of course: no. Condo Alexandria works with all types of real estate in the Commonwealth of Virginia. But we do fill several niches and have expertise in a few specific areas that might be of interest to you.
home in Belle Haven
brick home in Belle Haven
Condo Alexandria serves the condo market in Alexandria (mainly in the West End and Old Town), Crystal City, Pentagon City, Arlington, Fairfax County, and Kingstowne. Our focus these days is on buyers and landlords. As a buyer's agent we are well equipped to find the property that suits you needs and make the sale proceed smoothly and quickly. As property manager we take the hassle out of being a landlord. We of course have listings for sale but if the time isn't right to sell, we'll let you know and advise you of your best options. Condo Alexandria also does business as Nesbitt Realty. In the capacity as Nesbitt Realty, we focus on homes and properties near our offices and homes. Our agents and I have particularly good insight in Alexandria especially around Bucknell and Belle Haven, but also in Kingstowne and Old Town. These neighborhoods have condos, but they also have single family homes and town houses. If you have questions or if I can be of service, please don't hesitate to contact me! If you need help finding properties please help yourself to our fast and free database of properties that are currently on the market. The number of listings that are available can sometimes be overwhelming, so feel free to contact me if you'd like for us to do the search.
Photo of Will Nesbitt of Condo Alexandria
Will Nesbitt of Condo Alexandria
Will Nesbitt is the Principal Broker of Condo Alexandria / Nesbitt Realty.