Why would realtor not consider MLS?

Question

Good morning all, I'm looking for some advice.

I'm curious why a Realtor would consider selling their own property through a pocket listing- this particular one is in no hurry and it's making me wonder why they don't want to use MLS.

Wouldn't an unmotivated realtor be the most likely to put it out there?

Love to hear your thoughts!

Joel Owens · Answer

Do off market and make any potential buyer show their financials before they see a property with no lock box.

This will likely get rid of all the deadbeats and time wasters.

When you have (by appointment only and buyer needs to qualify before showing) that gets rid of a bunch of them.

Courtney Sorrell · Answer

@Bryan Otteson, great perspective. I think this is a good value deal, from what I have seen and can gather. Thank you for you input!

Bryan O. · Answer

We have an agent locally who is selling his property off-market. He is trying to sell it for far higher than the true value and pretending like he just doesn't want to list it. Realistically, he knows the value isn't there and is hoping to get a cash buyer.

Joel Owens · Answer

Courtney this is why you look at financials first as an owner selling a property.

If you have no experience then maybe you have money to get started. If you have no money, no credit, and no experience as an example then a seller doesn't want time wasters.

If a buyer has something to work with a seller might consider engaging them to see where it goes.

Time is money and we all have so much of it whether you are worth 1 dollar or 10 billion. It's the one commodity nobody wants to waste. You might can get back money if you lose it but time is what is most precious.

Courtney Sorrell · Answer

Interesting, thanks @Russell Brazil and @Joel Owens. This is a multi family the realtor doesn't live in so now I'm thinking it might be a pre-qual step.

I've never purchased from a realtor-owner so I'm a little nervous and wondering if there might be additional things I should consider?

Thanks again!

Russell Brazil · Answer

Because having hundreds of people come through your house, especially if you have a kid or a pet that needs to be taken out each time can be a real pain in the but. I am a Realtor, and I was actually trying to sell my house as a pocket listing in my office a few months ago. Unfortunately I had no luck and had to list it on the MLS, and it was a nightmare for a couple weeks, as 5-10 times a day for two weeks I had to take the dog out for each showing.

Why would realtor not consider MLS?

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