Non-Listed Listed Homes
One of the side effects of a seller’s market is more homeowners who believe that they can sell their home without a Realtor (called “For Sale by Owner,” or “FSBO”).
Here’s another: homes putatively listed by a Realtor, but nowhere to be found on MLS (Multiple Listing Service, the repository for all things real estate-related).
The only sign — literally — that such a home is for sale?
A “For Sale” sign in the front yard — sometimes with the rider “Coming Soon” appended.
Realtor Motive(s)
What’s that about?
Every situation is unique, but let’s just say the usual motivation is a Realtor who’s hoping not just to snare the half of the commission payable to the agent representing the Seller, but the other half as well, payable to the agent representing the Buyer (what Realtors call “the payout commission”).
Is that in the Seller’s best interest?
Put it this way: the industry term for such a practice is called “hogging the listing.”
P.S.: The question would-be FSBO’s should ask themselves isn’t, “can I sell my home without a professional?”
Rather, it’s “what are the odds that I’ll be able to get more for my home that way?”