realestate

Final Offer Introduces Exclusive Pocket Listing Sharing Capability

Final Offer launches Private Exclusive Listings (PX), allowing agents to share pocket listings with clients.

F
inal Offer, a Boston-based negotiation platform, has launched its Private Exclusive Listings (PX) feature. This new tool is now available in all markets where Final Offer operates and allows agents to share pre-market and off-market properties with clients via a private channel.

    The PX feature gives agents a way to communicate with clients looking for unique listings. Properties shared through this channel will appear alongside MLS listings on the client's saved search channels, but only if sellers have given explicit consent for their agent to do so.

    The concept of pre-market and off-market listings has been contentious in the real estate industry, with some agents referring to them as "pocket listings." However, states allow agents to handle these types of listings legally. Final Offer's PX feature is designed to help clients test the market before listing a property on an MLS.

    According to Tim Quirk, co-founder and chief strategy officer at Final Offer, the new feature allows agents to collect offers and make informed decisions about next steps for their sellers. Agents can also engage in live negotiations using PX and access a "Final Offer Button" similar to a "Buy Now" button.

    The launch of PX follows Final Offer's expansion into North America, including its acquisition of Openn Negotiation's North American operations in July 2024. The company has received investments from Second Century Ventures, the NAR's investment arm, and has raised close to $16 million since its founding in January 2021.

Real estate professionals share exclusive pocket listings on Final Offer platform globally.