{"id":12181,"date":"2018-10-31T13:36:38","date_gmt":"2018-10-31T19:36:38","guid":{"rendered":"https:\/\/www.virtuance.com\/?p=12181"},"modified":"2018-10-31T13:36:38","modified_gmt":"2018-10-31T19:36:38","slug":"shifting-market-pocket-listings","status":"publish","type":"post","link":"https:\/\/staging.virtuance.com\/member\/blog\/shifting-market-pocket-listings\/","title":{"rendered":"Will a shifting market kill off pocket listings?"},"content":{"rendered":"
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While ‘Coming Soon’ pre-market listings will likely remain useful for luxury properties and as a tool to test price points, there will be fewer of them all-around, Realtors tell Inman<\/h2>\n

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By Jim Dalrymple | Source Inman<\/a><\/h5>\n<\/header>\n
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In the heady days of the seller\u2019s market,\u00a0pocket listings were everywhere<\/a>\u00a0and agents were like oracles, showing buyers homes that hadn\u2019t hit the market yet and maybe never would. It was a time when getting a \u201cdeal\u201d meant winning a bidding war or making an offer before anyone else even knew a property was available.<\/p>\n

But with the\u00a0market shifting\u00a0in favor of buyers in a growing number of places around the country, the days of the ubiquitous pocket listing may be numbered.<\/h3>\n

Though the practice of withholding a property from multiple listing services likely won\u2019t disappear entirely, real estate professionals from across the U.S. said this week that pocket listings may play a diminished or more specialized role in the future.<\/p>\n

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\u201cIt obviously doesn\u2019t work as well when there\u2019s less demand and less inventory,\u201d\u00a0Gary Gold<\/a>, a Los Angeles-based Realtor with Hilton & Hyland told Inman, \u201cIn a buyers market, does a pocket listing make as much sense? No, it doesn\u2019t.\u201d<\/p>\n

Pocket listings \u2014 also sometimes known as whisper or pre-market listings \u2014\u00a0have\u00a0garnered considerable attention in recent months<\/a>\u00a0as a way to generate buzz. They were so popular that they\u00a0were the target of criticism from Redfin\u00a0and\u00a0landed on the radar\u00a0of the Department of Justice. Several top-selling brokerages launched their own pre-market listings websites, including\u00a0Long and Foster<\/a>,\u00a0Compass<\/a>\u00a0and\u00a0The Agency<\/a>.<\/p>\n

It was not uncommon to visit open houses in a market such as Los Angeles only to be told by the home\u2019s listing agent that \u201cI have a few more properties that I can show you before anyone else sees them.\u201d<\/p>\n

Read the full article –><\/a><\/span><\/p>\n<\/div>\n

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While ‘Coming Soon’ pre-market listings will likely remain useful for luxury properties and as a tool to test price points, there will be fewer of them all-around, Realtors tell Inman By Jim Dalrymple | Source Inman In the heady days of the seller\u2019s market,\u00a0pocket listings were everywhere\u00a0and agents were like oracles, showing buyers homes that […]<\/p>\n","protected":false},"author":14503,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,47],"tags":[],"_links":{"self":[{"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/posts\/12181"}],"collection":[{"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/users\/14503"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/comments?post=12181"}],"version-history":[{"count":1,"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/posts\/12181\/revisions"}],"predecessor-version":[{"id":12185,"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/posts\/12181\/revisions\/12185"}],"wp:attachment":[{"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/media?parent=12181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/categories?post=12181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/tags?post=12181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}