What is at issue here are what are referred to as pocket listings. Pocket listings are basically listings by brokers that do NOT go on the MLS. The reason is that the seller is willing to sell, but not fully committed to it. Another term for this is a “make me move” listing. Pocket listings typically get a price higher than typical market, specifically because the seller will not sell unless they get what they want. The last thing the seller wants is a record of how many days they were on market at a specific price without selling, because if they ever do sell, that could be used against them to drive down the price. I would often use pocket listings on properties that I was flipping. It was essentially preselling the house so that once I completed the work it was already sold.
yup. We contacted the agent we bought our house from 10 years ago, said we are looking to sell. he came out looked the house over gave us a estimated sale price and said “call me when you are ready” after we told him we had to do some landscaping and get the place generally ready to sell.
he called last night and asked “if I got you 10% over what I said it would sell for (already a healthy number) would you be able to close in 30 days?
I laughed and said “why? sell it already?” he replied “only if you say yes”
so we have 29 days to move out lol.
blows me away someone would buy a home for lets say half a million based on old photos and someones word. but here we are.
I actually didn’t know that. Make me move, indeed..