Reply to Selling off/pre-market with Compass or another brokerage

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[quote=Anonymous][quote=Anonymous]By definition you limit the pool of potential buyers.  Logically, that should lead to fewer/lower offers, due to reduced competition.  With that, time on the market might reasonably be expected to be longer.

You need a pretty compelling reason to take this route over one which exposes your listing to as many people and agents as possible.  ITts a technique which favors the listing agent and brokerage, not the client.  [/quote]

There have been a lot of these "exclusive" listings since the NAR settlement. I live around Georgetown/Burleith/Glove Park and I see these - they will have a sign out front and be posted on the brokerages website, but they won't pop up on Redfin or Zillow.

I have no idea how brokerages are convincing wealthy people to do this. It flies in the face of economic theories about maximizing the price for their clients. The only thing I can suspect is that they are offering low brokerage fees to the owner by not listing on the MLS. But even that still doesn't make any sense since they likely will not maximize their bids.

This is ripe for an economics white paper. [/quote]

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