A new company in the real estate industry, Best Buyers Listing Service, is helping buyers find pocket listings, which are those homes a real estate agent is trying to sell without posting it on one of the websites showing sellers listings.
Their website, BestBLS.com, shows buyers listings with details of the home they want to buy in over 100,000 neighborhoods and is free to real estate agents, buyers and sellers. Agents with homes to sell and even home owners thinking of selling can find matching buyers on this website. This is as powerful a tool for the buyers and their agents as the MLS is for sellers and their agents.
Are you trying to buy a home and discovering that the home you really wanted to buy was sold without you ever knowing about it? If this has been happening to you, you're not alone. The agent that was hired by the sellers never advertised the home through a sellers listing website such as the MLS, Realtor.com or Zillow.com. When a real estate agent tries to sell a home without advertising it to the public, it’s called a “Pocket Listing”. In today’s hot real estate market with very little for sale inventory, real estate agents think they can find a buyer on their own and earn all the commission themselves instead of splitting it with another agent. Sometimes a seller simply does not want the neighbors and general public to know they are moving.
Real estate agents with pocket listings would love to have a list of buyers to call to sell the property to if such a list existed. Never before has there been a public list of buyers looking for certain homes, until now. Now there is a Buyers Listing Service website where home buyers and their real estate agents can post a listing for the type of home they want to buy in the neighborhoods they like. Agents with pocket listings can scroll through the buyers listings in the neighborhood and see if there is a buyer looking for such a home.
Today's home buyers are frustrated trying to find homes on the various seller listing websites, always feeling like they have to check the site several times a day. Many are not updated promptly and some continue to show homes that are no longer actively on the market. Today's smart buyers are realizing its better to take an active approach to finding the right home rather than a reactive approach waiting for the home to show up online.