Hello I met up with a realtor who will possibly assist me with a sale of an investment property I have. One suggestion given I’m quite unsure about is not listing the property address. Reasoning given was to deter unwanted visits since it’s tenant occupied. People thinking it’s vacant and try to steal or get in. However I get the feeling it would have less exposure by doing this. What’s the pros and cons with this tactic what am I missing? Thanks in advance.
Where, in general, is this? How do you list the sale of a property with a Realtor without listing the address? If your neighborhood is that dangerous where a listing will increase the likelihood of criminal activity would definitely be a red flag to me. Or, are you concerned that other realtors will try to go to show it and not follow the showing instructions in the listing?
Hi @David M.. I’m not quite sure on the how as I have only had listings with address. I’m in Las Vegas close to the north side and I would say the area is pretty bad outside of the community but I honestly wouldn’t think a break in or otherwise would occur. Which is why I’m wondering on why a listing with no address would be beneficial if at all.
This scenario makes me think that your Realtor hopes to minimize showings by other parties so that she can find the buyer and double-end the deal or another agent within the Brokerage. It would become an Office Exclusive listing since it can't go on the MLS without an address. Only other agents in her office would be aware of the property. Not likely in your best interests.
But ask! Your Realtor serves you and should gladly explain more about the suggestion to do that.
I appreciate your replies. I might have misunderstood. Either way I’m going to hold off on listing until I finish my real estate course. So I can better understand the process and at the same time gain experience with whoever helps me with the sale.
Property Manager · Henderson, NV · Member since 2018 · 501 posts · 317 votes
4y
@Cynthia R. this seems like a terrible suggestion. It is best to be transparent and disclose everything. The home being occupied by a tenant will be something that has to be dealt with if anyone has an interest in buying. The best thing is to focus and market the home as being tenant occupied. There are investors out there (and I am assisting some of them) that are only looking for a house that has a current tenant.