NASHVILLE, Tenn. (WKRN) — In life, they say it’s all about who you know. It’s no different when it comes to real estate.
As buyers struggle to find inventory across the nation, whisper listings or pocket listings are becoming more of a problem.
“It’s age old, not just in real estate but all business,” said Jeff Checko, a realtor with The Ashton Team of RE/MAX Advantage. “We all want to do the right thing, but this is something that’s been a part of the real estate industry.”
A whisper listing is when a residential property is released directly to a broker who only allows specific clients to view the home. The homes that fall under this practice are quietly for sale but aren’t publicly listed or advertised. Basically, you have to know the right person if you want to buy.
Here locally, it’s a trend that’s actually slowing down.
By nature, whisper listings are not easy to track. Yet, Redfin is defining a…