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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) https://youtu.be/ksj0HiqyApA

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.