What is your definition of a Hip Pocket Listing? (No fair peeking)

Question

BILL CHERRY, Broker & Wealth Coach (Bill Cherry, Realtor)

Answers Subscribe to Answers

Sort

Ambassador
1,472,626

Susan Emo

Kingston, ON

Kingston and the 1000 Islands Area

In my mind, it is a secret FSBO that will pay you, the Realtor, if you bring them a buyer. It can't be called a listing because there is no paperwork and it is not an MLS listing nor an Exclusive to your Brokerage Listing.

I just turned away a $3m one with the owner shouting down the drive as I was leaving to bring him a buyer !

Jul 18, 2015 01:02 AM

Upvote

1

Susan Emo

Kingston, ON

Rainmaker
5,585,089

Barbara Todaro

Retired...Mentoring Newbies - Franklin, MA

Previously Affiliated with The Todaro Team

a pocket listing is one that is very sellable and does not go into MLS.... I will openly announce that I DO NOT PUT LAND LISTINGS IN MLS.... NEVER... I DON'T CHARGE THE LAND OWNER A COMMISSION....AND I HAVE BUILDERS THAT WE FEED THOSE LAND LISTING TO... YUP, I HAVE POCKET LISTINGS AND I MAKE MONEY FROM IT.... AND I'M VERY OPEN ABOUT IT.

Jul 17, 2015 11:20 PM

Upvote

1

Rainmaker
921,504

Annette Lawrence , Palm Harbor, FL 727-420-4041

ReMax Realtec Group - Palm Harbor, FL

Making FLORIDA Real Estate EZ

Hip pocket listing, hmmmm.

There is a pocket listing...I love them.

There is a listing, we all know about them.

But a HIP listing.......!!!!

High Income Property.... you keep for your A list. I'll go with that.

Jul 17, 2015 10:10 PM

Upvote

1

Keith Jafari

Dallas, TX

Ambassador
3,227,282

Tammy Lankford,

Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA

Broker GA Lake Sinclair/Eatonton/Milledgeville

It's a for sale property that isn't in the MLS, but the seller has come to me to find a buyer.

Jul 18, 2015 01:43 AM

Upvote

Rainmaker
1,466,257

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

BILL CHERRY If a pocket listing and a hip pocket listing are the same, it's a listing that never hits the street and sold by the listing agent without putting it in the MLS. Members of the MLS can only do this with seller approval.

Jul 17, 2015 11:50 PM

Upvote

Rainmaker
2,759,862

TeamCHI - Complete Home Inspections, Inc.

Complete Home Inspections, Inc. - Brentwood, TN

Home Inspectons - Nashville, TN area - 615.661.029

Good Saturdaymorning Bill. I know a lot of real estate agents whose 50% of their business is pocket listings.

Jul 17, 2015 06:29 PM

Upvote

Rainmaker
979,801

Troy Erickson AZ Realtor (602) 295-6807

HomeSmart - Chandler, AZ

Your Chandler, Ahwatukee, and East Valley Realtor

Bill - I know what a pocket listing is, but a Hip Pocket Listing? If it is different, I don't know what it is.

Jul 17, 2015 04:23 PM

Upvote

Rainer
140,660

Richard L. McKinney P.A.

Atlantic Shores Realty Expertise - Port St Lucie, FL

For Results that MOVE you on the Treasure Coast!

My definition of a pocket listing is a listing that you know you are getting or already have signed up but are keeping it out of the mls for a period of time (with the sellers authorization) while attemping to sell it "in house." The goal being to sell the property prior to mls input.

Jul 17, 2015 03:00 PM

Upvote

Back to Top

In my mind, it is a secret FSBO that will pay you, the Realtor, if you bring them a buyer. It can't be called a listing because there is no paperwork and it is not an MLS listing nor an Exclusive to your Brokerage Listing.

I just turned away a $3m one with the owner shouting down the drive as I was leaving to bring him a buyer !
a pocket listing is one that is very sellable and does not go into MLS.... I will openly announce that I DO NOT PUT LAND LISTINGS IN MLS.... NEVER... I DON'T CHARGE THE LAND OWNER A COMMISSION....AND I HAVE BUILDERS THAT WE FEED THOSE LAND LISTING TO... YUP, I HAVE POCKET LISTINGS AND I MAKE MONEY FROM IT.... AND I'M VERY OPEN ABOUT IT.
Hip pocket listing, hmmmm.

There is a pocket listing...I love them.

There is a listing, we all know about them.

But a HIP listing.......!!!!

High Income Property.... you keep for your A list. I'll go with that.
It's a for sale property that isn't in the MLS, but the seller has come to me to find a buyer.
BILL CHERRY If a pocket listing and a hip pocket listing are the same, it's a listing that never hits the street and sold by the listing agent without putting it in the MLS. Members of the MLS can only do this with seller approval.
Good Saturdaymorning Bill. I know a lot of real estate agents whose 50% of their business is pocket listings.
Bill - I know what a pocket listing is, but a Hip Pocket Listing? If it is different, I don't know what it is.
My definition of a pocket listing is a listing that you know you are getting or already have signed up but are keeping it out of the mls for a period of time (with the sellers authorization) while attemping to sell it "in house." The goal being to sell the property prior to mls input.