Properties not publicly listed on the Multiple Listing Service (MLS) or other widely accessible real estate platforms constitute a segment of the market where transactions occur privately. These properties, sometimes referred to as pocket listings or quietly marketed properties, are available for purchase but are not advertised to the general public through traditional channels. An example includes a homeowner informing a select group of agents of their intent to sell, bypassing widespread advertising.
This method of property transaction offers several advantages, including increased privacy for the seller and a potentially less competitive environment for the buyer. Historically, off-market transactions were more common, offering a discreet way for high-profile individuals or corporations to divest of assets. Furthermore, it allows for greater control over the sale process and may result in quicker closings due to less negotiation and fewer contingencies.
