Even prices last spring vary greatly from what homes sell for this year. What you paid for a house 3 years ago has no bearing on its market value today so select a Realtor who knows your neighborhood and who can present you with the evidence to support their pricing. So because your neighbor asked $350,000 for their home your home may be worth more if it is larger so be sure that you get the facts of how your home compares size-wise and with regard to the level of finish before placing a $ figure on your home. Before you list your home, it is very important to understand that home sizes vary in neighborhoods and the $ value of homes are dependent on the square footage and level of finish within a property. In the past couple of months, I have come across many properties whose homeowners accepted an offer pre-market that was far below market value, but were celebrating a quick sale with their Realtor. Selling a home in 1 day for list price is a good statistic for the Realtor, but for you as a seller it is only something to celebrate if your home was priced at or above market value to begin with. If the home doesn’t sell as a pocket listing was this a waste of time?….The answer is “absolutely not” a good Realtor will use the pre-market showings as a gauge for all of their efforts so far such as staging, pricing, and positioning to gain feedback from other agents and buyers from this process and make any tweaks before the property enters the MLS System.In some areas buyers are willing to pay a premium because if the offer is not for market value that seller can always opt to put the house in MLS where the level of competition will double or triple.This is especially beneficial when working professionals or parents have little time to prep for multiple showings at various times of day. The home is in a highly desirable area with low inventory levels and the Realtor can create one time window when all pre-market showings will occur with less effort and interruption to the seller’s daily lives.

The Realtor may have their own buyers that they want to show the home to before other agents have access to it.

Some buyers may ask the seller not to complete those repairs which can be an advantage to the seller. In this case the listing agent will escort either a represented or unrepresented buyer through the home explaining what items still need to be addressed.

The house is in need of some improvements and is not quite ready for photos or the general public to be walking through yet.

There are many reasons why a Cincinnati Real Estate Agent might recommend that you begin with this approach.

Pocket real estate