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

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[quote=Anonymous]We have sold via private listing twice. I don't know why people have such disdain for private listings. It can really simplify the selling process. The first time, we wanted $X for our house and told our realtor. She scheduled a few showings while we were out of town, then brought us a buyer who offered $X. We sold the house As Is - no fix up or prep, no inspections, and 4% total broker fees.

The second time we sold via private listing, we had multiple offers over the listing price. If it's a hot market/limited inventory, you have buyers on the sidelines, with cash, waiting for new listings. Brokers know each other and will reach out to get a jump on a new listing before it goes on MLS.

In either scenario, we could always have moved to MLS if we weren't happy with the private listing outcome, and we'd have intel on our pricing/how the house was showing/ buyer response so that we could position ourselves better for a public listing.

We'll do a private listing for our current house as well, when the time comes.

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