"For 100+ years, Boston real estate agents have worked together to share their listings of homes/condos for sale with other agents. I sell yours, and you sell mine. We call it broker cooperation. It works great. Why mess with it? Selling Boston condos for sale on off market is a gimmick. You see more and more agents using it as their pitch to attract Boston condo for sale buyers - and sellers."
"There better be only one reason that off-market sales exist. It's to attract buyers who purchase through the listing agent TWO WAYS TO SELL A BOSTON CONDO FOR SALE: Either put an attractive price on the home and let every buyer compete for it in an auction-like setting, or price it high and hope a sucker goes for it. You made a written promise to share your listings with every other agent in the MLS system."
"But you have a fiduciary duty to your sellers, and a promise to other realtors, to put your listings on the open market so everyone gets a crack at them. Seller agent is the big winner. Everyone else benefits from open-market activity. Boston condo Off market 'deals' are for suckers. Either put an attractive price on the home and let every buyer compete for it in an auction-like setting, or price it high and hope a sucker goes for it."
Boston real estate agents have shared listings of homes and condos through broker cooperation for over a century, trading sales among themselves. Broker cooperation exposes listings to the entire MLS, encouraging competitive bidding and fair market pricing. Off-market listings are presented as a marketing gimmick aimed at attracting buyers who purchase through the listing agent. Selling off-market often benefits the seller's agent by bypassing open competition. Sellers have a written commitment to share listings with other agents and a fiduciary duty to expose properties on the open market. Open-market activity gives every buyer and agent a chance, while off-market deals primarily favor the listing agent.
Read at Boston Condos For Sale Ford Realty
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