Pocket Listing

Definition

A property for sale that's kept secret from the general public, like a speakeasy for houses. Only the agent's inner circle gets to know about it, which is definitely not exclusionary at all.

Example Usage

"My agent whispered about a pocket listing like he was sharing state secrets. It turned out to be a duplex next to a highway. The secrecy was warranted." - A disappointed VIP

Related Terms

Intermediate

teaser rate

An artificially low introductory interest rate that lures borrowers into adjustable-rate mortgages before jumping to its true, painful level. It's the 'free trial' of the mortgage world, and the subscription auto-renews at triple the price.

🏠 Real Estate

Beginner

drive-by

A quick exterior assessment of a property from your vehicle, because sometimes you can tell from the street that 'charming fixer-upper' means 'condemned by next Tuesday.' It's the real estate version of swiping left.

🏠 Real Estate

Intermediate

builder spec

A property built on speculation without a specific buyer in mind, using builder-grade everything in beige or gray. The housing equivalent of business casual—safe, boring, and designed to offend absolutely nobody.

🏠 Real Estate

Beginner

Home Inspection

The process of paying someone $500 to tell you everything that's wrong with a house you already emotionally committed to buying. It's like a medical checkup for your dream home, except the diagnosis is always terrifying.

🏠 Real Estate

Intermediate

irem

Institute of Real Estate Management—professional organization for property managers that awards the CPM (Certified Property Manager) designation. The Ivy League of people who deal with broken toilets and angry tenants.

🏠 Real Estate

Beginner

estate

In real estate, it refers to the property and land you own; in legal terms, it's everything you leave behind when you die for relatives to argue over. Estate can mean anything from a sprawling mansion with manicured grounds to your accumulation of assets and debts that someone has to sort through. Basically, it's either where you live large or what lawyers divide up after you're gone.

🏠 Real Estate

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taci

that's a crappy idea...