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CA renter.
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August 12, 2009 at 2:45 PM #16179August 12, 2009 at 2:50 PM #444018
UCGal
Participant[quote=tom]But why would the investor firms let these go as pocket listings without the whole fan fare of bidding wars to get the best profit? [/quote]
It makes sense to the investors – it hedges their risk by lining up buyers ready to go in as soon as the house is ready. That will reduce the carrying cost expenses since, theoretically, it will go into escrow to you (or other pre-approved buyers) as soon as it is rehabbed. No marketing time needed.
August 12, 2009 at 2:50 PM #444550UCGal
Participant[quote=tom]But why would the investor firms let these go as pocket listings without the whole fan fare of bidding wars to get the best profit? [/quote]
It makes sense to the investors – it hedges their risk by lining up buyers ready to go in as soon as the house is ready. That will reduce the carrying cost expenses since, theoretically, it will go into escrow to you (or other pre-approved buyers) as soon as it is rehabbed. No marketing time needed.
August 12, 2009 at 2:50 PM #444618UCGal
Participant[quote=tom]But why would the investor firms let these go as pocket listings without the whole fan fare of bidding wars to get the best profit? [/quote]
It makes sense to the investors – it hedges their risk by lining up buyers ready to go in as soon as the house is ready. That will reduce the carrying cost expenses since, theoretically, it will go into escrow to you (or other pre-approved buyers) as soon as it is rehabbed. No marketing time needed.
August 12, 2009 at 2:50 PM #444796UCGal
Participant[quote=tom]But why would the investor firms let these go as pocket listings without the whole fan fare of bidding wars to get the best profit? [/quote]
It makes sense to the investors – it hedges their risk by lining up buyers ready to go in as soon as the house is ready. That will reduce the carrying cost expenses since, theoretically, it will go into escrow to you (or other pre-approved buyers) as soon as it is rehabbed. No marketing time needed.
August 12, 2009 at 2:50 PM #444212UCGal
Participant[quote=tom]But why would the investor firms let these go as pocket listings without the whole fan fare of bidding wars to get the best profit? [/quote]
It makes sense to the investors – it hedges their risk by lining up buyers ready to go in as soon as the house is ready. That will reduce the carrying cost expenses since, theoretically, it will go into escrow to you (or other pre-approved buyers) as soon as it is rehabbed. No marketing time needed.
August 12, 2009 at 2:51 PM #444560urbanrealtor
ParticipantYeah.
Ask what benefit is it to the seller for pocket listing them.Bear in mind that it may be the seller and not the agent who wants them off the MLS.
I have seen that a lot lately.
I would still be diligent and look for comps.
Good luck.
August 12, 2009 at 2:51 PM #444628urbanrealtor
ParticipantYeah.
Ask what benefit is it to the seller for pocket listing them.Bear in mind that it may be the seller and not the agent who wants them off the MLS.
I have seen that a lot lately.
I would still be diligent and look for comps.
Good luck.
August 12, 2009 at 2:51 PM #444222urbanrealtor
ParticipantYeah.
Ask what benefit is it to the seller for pocket listing them.Bear in mind that it may be the seller and not the agent who wants them off the MLS.
I have seen that a lot lately.
I would still be diligent and look for comps.
Good luck.
August 12, 2009 at 2:51 PM #444806urbanrealtor
ParticipantYeah.
Ask what benefit is it to the seller for pocket listing them.Bear in mind that it may be the seller and not the agent who wants them off the MLS.
I have seen that a lot lately.
I would still be diligent and look for comps.
Good luck.
August 12, 2009 at 2:51 PM #444028urbanrealtor
ParticipantYeah.
Ask what benefit is it to the seller for pocket listing them.Bear in mind that it may be the seller and not the agent who wants them off the MLS.
I have seen that a lot lately.
I would still be diligent and look for comps.
Good luck.
August 12, 2009 at 2:59 PM #444227CA renter
Participant[quote=urbanrealtor]Yeah.
Ask what benefit is it to the seller for pocket listing them.Bear in mind that it may be the seller and not the agent who wants them off the MLS.
I have seen that a lot lately.
I would still be diligent and look for comps.
Good luck.[/quote]
UR,
WHY would a seller want to avoid listing?????
I’ve seen these too, but can’t fathom why a seller wouldn’t want the greatest exposure to his/her listing.
August 12, 2009 at 2:59 PM #444633CA renter
Participant[quote=urbanrealtor]Yeah.
Ask what benefit is it to the seller for pocket listing them.Bear in mind that it may be the seller and not the agent who wants them off the MLS.
I have seen that a lot lately.
I would still be diligent and look for comps.
Good luck.[/quote]
UR,
WHY would a seller want to avoid listing?????
I’ve seen these too, but can’t fathom why a seller wouldn’t want the greatest exposure to his/her listing.
August 12, 2009 at 2:59 PM #444811CA renter
Participant[quote=urbanrealtor]Yeah.
Ask what benefit is it to the seller for pocket listing them.Bear in mind that it may be the seller and not the agent who wants them off the MLS.
I have seen that a lot lately.
I would still be diligent and look for comps.
Good luck.[/quote]
UR,
WHY would a seller want to avoid listing?????
I’ve seen these too, but can’t fathom why a seller wouldn’t want the greatest exposure to his/her listing.
August 12, 2009 at 2:59 PM #444033CA renter
Participant[quote=urbanrealtor]Yeah.
Ask what benefit is it to the seller for pocket listing them.Bear in mind that it may be the seller and not the agent who wants them off the MLS.
I have seen that a lot lately.
I would still be diligent and look for comps.
Good luck.[/quote]
UR,
WHY would a seller want to avoid listing?????
I’ve seen these too, but can’t fathom why a seller wouldn’t want the greatest exposure to his/her listing.
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