Coming Soon and Pocket Listings
Pocket listings used to be a common practice around the country and in the greater Portland metro area, until the National Association of Realtors effectively banned them in 2019-20. Pocket listings were privately held homes for sale that real estate agents kept lists of and only shared with their clients or smaller pools of potential buyers.
Coming soon homes replaced pocket listings and are still an important (hopefully better) part of the real estate market. When a home is in coming soon status, it cannot be shown (buyers can't go see it), until the home goes public on the market and everyone has an equal chance. But the coming soon status allows the seller agent to put the home listing in the MLS in advance of going public so all the buyer's agents in that same MLS can share this coming soon information with their buyers and have it on their calendars to visit at the first opportunity. A coming soon home cannot be found publicly online, only through a member-only MLS portal. But if you're working with a buyer's agent they can show you, or if you're considering selling a home and would like to learn how coming soon status can help your sale, set an appointment with Stephen FitzMaurice.
If you’re considering buying a home in the next twelve months and would like to see some coming soon homes not publicly listed, Kami Price, buyers specialist would love to hear what you’re looking for. Call today to set an appointment.
Kami Price, Realtor
Represented Hundreds of Buyers
Licensed since 2004
503-773-0000
What is a Coming Soon Home in the Real Estate Market?
Coming Soon Homes are the New (but Different) Pocket Listings Pocket listings are virtually extinct. The National Association of Realtors, NAR, has effectively banned the million-plus Realtors nationwide from using the tactic. NAR instituted a new policy called the “MLS clear cooperation policy,” which requires any Realtor to enter their “Pocket Listing” into the MLS […]
Pocket Listings Are Banned in Portland, Oregon
Pocket Listings in Portland, Oregon and throughout the U.S. have been a hot topic for many years. While some real estate agents have argued for pocket listings in the Portland real estate market, most argue against them or want sufficient regulations to protect home sellers and buyers. Pocket listings are usually defined as homes for […]
Pocket Listings Vs Coming Soon Homes for Sale
For anyone wanting to buy a home in Portland before 2019, pocket listings were a common practice here and across the country until the National Association of Realtors effectively banned them. In essence, this type of listing consisted of privately owned homes on the market that agents kept “secret” lists of and shared with small […]
What is a Coming Soon Home in the Real Estate Market?
Coming Soon Homes are the New (but different) Pocket Listings Pocket listings are virtually extinct. The National Association of Realtors, NAR, has effectively banned the million-plus Realtors across the country from using the tactic. NAR instituted a new policy called the “MLS clear cooperation policy” which requires any Realtor to enter their “Pocket Listing” into […]
Pocket Listings Banned in 2020 – Portland Real Estate Market
Pocket Listings in Portland and throughout the U.S. have been a hot topic for a while. While some real estate agents argue for pocket listings in the Portland real estate market, most argue against them or at least want sufficient regulations in place to protect home sellers and buyers. Pocket listings are usually defined as […]
Looking for Portland Pocket Listings?
We regularly update our coming soon listings on this website. I want to make a strong differentiation between coming soon and pocket listings. Pocket listings are generally bad for sellers and bad for the real estate market. Coming soon listings are a “heads up” a notice of a home that is going to be on […]
Portland Pocket Listings – Bad for the real estate market
The phenomenon has been around for as long as real estate agents: When inventory is low and buyers aren’t finding what they’re looking for on the market, some Realtors will go door to door in the target neighborhood to find a home that the owners are willing to sell, or they will make a “secret” […]
Stephen made the experience of selling my first house seamless. I live in another state but he kept me informed and moved the process along without a hitch. The only thing another agent could have done differently was charge a much higher commission. I only wish he was able help me purchase in my state. Highly recommend his service and business model.
Julie
