Welcome to the Homes4SaleUtahRealEstate.com Blog

2013-07-02 05:46:10
Area Home Listings May Not Be on the MLS

When Local Home Listings Don’t Show Everything

NewListingThe actual percentage is nearly impossible to pin down, but something like 15%-20% of the nation’s homes for sale aren’t listed at all. You might assume that every homeowner with a property for sale would relish the effective marketing that comes through the multiple listing service, but there are at least four ways home listings in town sometimes don’t include everything that really is for sale:

Pocket Listing: Occasionally agents choose to withhold local home listings from the open market. Reasons vary, but they might wish to keep a choice property for their own brokerage’s clients, or they might seek to create an air of exclusivity around the listing. Digging for these off-market home listings can require energy and persistence, including regular searching through the websites of independent and luxury brokers, contacting scores of agents, or (a good deal simpler) making sure you work with an agent whose own area real estate network is deep and current.

FSBO: This is the “For Sale by Owner” group, usually comprising about 10% of the market. These properties are easier to find. Just drive fsbothrough the target neighborhood looking for yard signs without a brokerage logo. Sometimes you will even find local FSBO home listings on the MLS if the owner is offering a commission to buyer’s agents.

Closely Held Transaction: When transactions are arranged between family members, neighbors, or other acquaintances (about 3% of the total market), they frequently close without appearing on our area’s home listings. 

Expired Listing: When homes aren’t sold within the expected period they can disappear from area home listings. These make up most of the hidden home listings that are still available. A heads-up agent will often be aware of the situation, and if the property fits your criteria, can help you uncover them before others do.

If this summer finds you already on the hunt for a home in town, or you are just getting started, or are hitting a dead-end in your search, I stand ready to help you land the right property. Contact me today to see what my network can do for you!

 
Blog Archive
2017-01-02 11:10:21
Here's to a Wonderful 2017!

2016-12-26 14:41:15
Top 5 Reasons You Should Not For Sale By Owner

2016-12-23 12:01:49
Existing Home Sales Surge Through The Holidays

2016-12-22 10:01:07
The Fed Raised Rates: What Does that Mean for Hous

2016-08-11 09:33:51
Luxury Home Sales & the Impact of the Stock Market

2016-08-10 07:51:28
Home Sale Up in Every Price Range over $100K

2015-09-21 14:05:05
Beautiful Murray Home For Sale

2014-11-28 03:07:53
Existing Home Sales Rose in October

2014-10-28 10:43:22
Q3 Home Sales Report Salt Lake County

2014-10-27 14:59:15
Lenders Step Up to Help VETS

2014-02-15 23:55:52
Washington's Birthday - President's Day

2013-08-07 18:39:56
High Tide for Area Second Home Investors?

2013-07-02 05:46:10
Area Home Listings May Not Be on the MLS

2013-06-17 06:14:41
Selling Your Home This Summer?

2013-06-16 06:10:48
Mining Underlying Value in Utah Short Sales

2013-05-28 07:05:29
Virtual Tours Separate Looky-loos from True Pro

2013-05-06 07:08:27
Buying a Local Home is an Opportunity to Quiz the

2013-05-01 07:35:49
Utah Real Estate Market Watchers Find Another Surp

2012-11-21 23:53:47
ShirLee McGary Earns CRS Designation

2012-10-01 05:53:08
Local Buyer Agent Boosts Short Sale Odds

2012-09-29 07:09:24
Horse Property in Bluffdale Utah

2012-09-29 07:06:13
Great for First Time Home Buyers or Investors

2012-04-02 12:07:16
NAR Reports Investor Sales Jumped 65%

2012-03-30 06:19:42
FOOLISH MONEY MISTAKES

2012-03-24 10:27:48
January Case-Shiller Composite - 20

Click here to see ALL articles.


Comment on this Article

Your Name:
Your Email:
Comments:
Verify:  Please enter the numbers shown to help eliminate spam.