LA VIP AGENT: NEW POCKET LISTING SERVICE PRODUCES OVER 1.4 BILLION IN LISTED PROPERTIES
Rod Watson, Hollywood Real Estate agent of the Sports & Entertainment Division at Compass Real Estate here to share an exclusive service I offer that creates comfort for my clients in their home listing process. What I am referring to are Pocket Listings, perfect for clients who seek some privacy in their home selling process. There are many benefits of pocket listings where homes aren't listed on the public Multiple Listing Service (MLS). Benefits include the potential for a faster, smoother transaction when the listing agent has buyer clients who may be interested in the property, it can also reduce the stress of having to show your home to so many people.
Read Full Article
THE POCKET LISTING SERVICE (PLS)
For many high-priced and desirable properties, especially in metros such as LA, the sales process rarely involves actually going out on the market. Many realtors often rely on pocket listings—offering homes to a small circle of select potential buyers and brokers through connections or word-of-mouth—to float potential sale prices or restrict who has access to a particular sale.
The process has been widespread but informal (according to realtor.com, pocket listings account for under 10 percent of home sales), at least until earlier this year. In August, a group of four Los Angeles real estate professionals, Chris Dyson and Mauricio Umansky of The Agency, and James Harris and David Parnes, stars of Million Dollar Listing Los Angeles, launched the Pocket Listing Service, a play off the multiple listing service (MLS), a national property database.
Industry leaders and top producers address the main challenges they are facing today and what strategies they are implementing to close out 2022 strong.
Expert panelists and Mansion Global reporters will speak to what's next for real estate in an increasingly digital and high-tech landscape, from properties in the metaverse to innovations in sustainable homes.
