Houses that sell before hitting the MLS
I am hoping some of the realtors can give me some insight here.
I have always been confused by the situation where a house goes under contract before it even hits the MLS. What is the advantage to the homeowner there, other than not having to go through tons of showings? If a house is that "hot", wouldn't it be economically beneficial to give it at least a couple of weeks of public exposure to see whether you can get some lift in your price? Why would you not want to get the word out on your house to the maximum number of potential buyers?
I see it a lot here in my neighborhood - it's the kind of neighborhood that people stay in and move up rather than out, and real estate discussions are still fairly common.
Love to hear insights on this...