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Updated May 6, 2013 - 7:10 am

Pocket listing making comeback in home sales

PHOENIX -- If you're selling your home, be advised there's a trend popping up that comes back every time inventory is low. It's called pocket listing.

"We're starting to see some of it," said Bill Rimsza of Rimsza Realty.

Pocket listing is when a realtor doesn't place the property on the Multiple Listing Service (MLS), but rather shows and sells only to people they know. While legal, pocket listing raises some ethical questions.

"Particularly, agents that do a lot of investors and they are selling directly to them instead of putting the property on the open market," said Rimsza. "I think the reason it's not ethical is your seller signed an agreement with you to put it on the market and get as many potential buyers as possible."

Bottom line, when you don't have a lot of buyers at the table, you might not get the best price for your property.

About the Author

Sandra moved from the small border city of Yuma, Arizona to study Broadcast Journalism at Arizona State University in the late 90s. Since graduating, she's worked at several local TV stations including Univision, Fox 10 and 3TV.

Working at KTAR, has allowed her the opportunity to cover major national news events, including Presidential visits, the Tucson Tragedy and the Wallow fire.

When Sandra isn't covering breaking news or behind a microphone in the studio, she's probably at home with her best friend Mark and her two dogs, Lily and Lola.

Sandra enjoys cooking and admits to enjoying "really bad" reality T.V. She also enjoys spending quiet time at home with people she loves, playing a little poker and traveling.


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