The Pros and Cons of a Pocket Listing in the Long Beach Island Real Estate Market

High Tides Digital Marketing
Feb 14, 2022
3 min read

Pocket Listings in the Long Beach Island Real Estate Market

Long Beach Island Real Estate

Is pocket listing in the LBI NJ real estate market the best way to go? That is a question that Realtors and homeowners on Long Beach Island often ask themselves. The answer, as you will see in this blog post, is not so cut and dry. We will explore the pros and cons of pocket listings in the LBI real estate market from a homeowner's perspective and a real estate professional's point of view. There are pros and cons to pocket listings in the Long Beach Island real estate market, and understanding this facet of the sales market can make you a better home buyer or home seller.

The Pros and Cons of a Pocket Listing in the Long Beach Island Real Estate Market

A pocket listing simply is a listing that does not get entered into the MLS system that services the Long Beach Island real estate market. The lack of exposure can have clear disadvantages in the potential exclusion of competition, but there are also benefits. Pocket Listing Pros and Cons for a Homeowner

Pros of doing a pocket listing your Long Beach Island real estate market property :

You can bypass paying a full commission to the Realtor. This means pocket listings are usually less expensive than other sales types, which appeals to homeowners who are focused on the net proceeds.
pocket listings can be much easier when negotiating with potential buyers in the LBI real estate market.-A buyer in the LBI real estate market may be willing to pay more or make fewer demands in the hopes that the house does not reach the open marketCons of a pocket listing your Long Beach Island real estate market property :-A home will have far less exposure, potentially eliminating buyers-A pocket listing runs the risk of being sold to a friend or associate of the listing agent if that real estate agent in question does not have your best interest at heart-There can be appraisal challenges with a pocket listing in the LBI real estate market as the appraiser does not have a full spec sheet to work with.

There is no "right or wrong" answer here since every buyer and seller's situation is different in the LBI real estate market. There are plenty of reasons why some sellers in the LBI real estate market prefer a pocket listing for their home, while others find this practice unappealing.

Pocket Listings in the Long Beach Island Real Estate Market

If you pocket list your Long Beach Island real estate market property, you may have to be more proactive in finding a buyer, which some sellers are unwilling to do. In contrast, others don't mind going out of their way and being extra diligent about marketing. It also comes down to how much you trust your real estate agent and if they have your best interest at heart. If you have any questions about buying, selling or investing in the LBI real estate market, please do not hesitate to contact me.