Pocket Listings are listing for some reason the seller has NOT given permission to list on the open market, for instance a seller may say I don't want to list unless I can get 200K and lets say with all the fees about 10% is the general consensus, and lets say the seller is 3,000.00 away from his/her price, so the agents may suggest " how about if I market to people I know and see if I can get someone to bite?"
In essence the agent has the home in his pocket, meaning only he/she is the only one that know about it.
Both parties can win the agent gets a little more commission maybe or just the normal amount.
The seller gets his/her price.
This is neither good nor bad depending on the intentions. If the intention is to save some money for the seller then it is not necessarily a bad thing.
I personally believe that all homes should have a chance to get the highest and best offer and that takes exposure.... more
No you can not transfer debt for the 1st to the 2nd. The first and the second are the hole, so you are upside down, after you add commissions and title fees you are upside down on the first too. If your income has changed where you can no longer keep your home than you can Short Sale . . Now if you wanted to keep your home you could negotiate with the second to settle with you.... more
Maybe you could advertize it to be the "JEWEL OF THE NEIGHBORHOOD" and use the basic stage package with a brilliant looking entry door, flowers, color splashes and ...like you said, warm inviting fresh baked cookies aroma. Price it well and make sure your remarks say something special to let buyers know there's NO WAITING for short sale delays with this one ... use that to your advantage since that's what buyers seem to see a lot of in the listings.... more