Real-estate agents are selling more homes to select customers while bypassing the public market, a move that squeezes supply tighter for many buyers whenIn the vast majority of transactions, an agent lists a home for sale on a local database and markets the property widely to drum up interest and get the best price. But in certain cases, a broker will show an unlisted property to a small circle of potential buyers more exclusively, often in hope of getting a deal done quickly..
Pocket listings accounted for 3% of sales on average in the year ended in March, up from 2.6% of sales in the year ended in March 2020 and 2.5% in the year ended in March 2019, according to an analysis by brokerage Redfin Corp. That 3% represents roughly 169,000 homes a year sold through this sometimes controversial practice.
I have seen where realtors are prioritizing their buyers instead of looking at other realtor buyers to get 100% of commissions. This stops seller from getting higher price through bidding. Most bids are one and done. Beware sellers. Ask to look at all bids nardotrealtor
This practice is illegal in many, if not all, states.
A Call to Protect People and Nature! Thread to watch/read:
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I,F,E,M,N,C key Government military/NatSec conspiracies have focused on maintaining multiple levels of criminal predators, not seeing the death trap poised above them. As 1st lvl targets become rare, special NN examples were artificially created for token representation.
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LUXURY HOMES, VEHICLES, SPENDING FACE STRESS DUE TO INSUFFICIENT INVESTMENT SUPPORT. NEED SACRIFICE TO SAVE AND INVEST FOR BETTER, SECURED FUTURE, STRONG ECONOMIES. BORROWING FOR SPENDING IS DANGEROUS, LENDING FOR SPENDING TO INDIVIDUALS, IS MORE DANGEROUS TO INVESTORS, ECONOMY.