Listing page questions

Buyers and sellers are encouraged to interact directly through constructive Q + A. Buyers can @seller to ask questions about the home and neighborhood and sellers can respond in-line directly through their dashboard. Any inappropriate questions or comments will be flagged and removed.

Seller’s terms are the terms that the seller is willing to accept from the highest bidder when their reserve is met at the end of bidding.

A bid is the amount a buyer is willing to pay to purchase a home. Bidding is the act of placing that bid. If a buyer has the winning bid at the end of the bidding period, that bid is added to the Purchase and Sale Agreement as the purchase price and then sent to the buyer to sign as a legal offer.

The reserve price is the minimum price that the seller is willing to accept to sell their home. This price is not displayed but every listing indicates whether or not the reserve has been met.

An exclusive preview is a private showing for qualified buyers. Each home has a single-day exclusive preview at a date and time selected by the seller. As soon as an exclusive preview is scheduled, qualified buyers will be invited to attend.

Incredibly accurate. Our 3rd party home pricing data, which includes historical pricing, suggested pricing (AVM), and price appreciation, are all pulled in real-time directly from CoreLogic.

Bid analytics provide insight into the current bid price based on past bid behavior to help buyers make intelligent offers. Every listing shows bids over time, average bid increase, number of bidders, bidding frequency and total number of bids. All bid data is updated in real-time.

The answer is too long for an FAQ. Check out our guide to reading a (pre)inspection report.

The difference is that a pre-inspection is generally performed prior to the home being listed at the request of the seller and an inspection is performed during closing at the request of the buyer. However, a pre-inspection and an inspection are the same in that they both examine the condition of a home, are performed by a licensed home inspector and are held to the same standard.

We have partnered with Inspectify to provide pre-inspections for all homes listed on pocket.

The answer is too long for an FAQ. Check out our guide to understanding a title commitment.

A title commitment is a document in which a title insurer discloses all liens, defects, burdens and obligations that affect the subject property as well as any conditions that must be met before a title company can insure the title as marketable.

A seller’s disclosure statement, commonly known as a seller’s disclosure, is a legal document that outlines a home’s history and lists any issues that the seller is aware of. The seller’s disclosure is provided by the seller to the buyer before closing in order to help the buyer make an informed decision on whether or not to purchase a home.

For more information, check out seller’s disclosure explained and our guide to creating a seller’s disclosure.

The terms in the Purchase and Sale Agreement (PSA) are the seller’s terms – the terms the seller is willing to accept from the winning bidder. Buyers should only bid on homes with seller’s terms they are willing to accept. If the winning bidder wishes to negotiate the seller’s terms with the seller prior to signing the PSA, they may do so at the risk of the seller choosing the next highest bid that meets their terms.

Yes. The Purchase and Sale Agreement was drafted in accordance with state law to be a legally enforceable contract. If the purchase and sale agreement is signed by both the buyer and seller then there is mutual acceptance and it becomes a legally binding contract.