Every now and then I get a client who tells me they don't want a yard sign.  It seems they don't want the neighbors to know they are selling their home.  Maybe breaking up with the neighbors is too hard.  Maybe they just don't want to answer a lot of questions about why they're moving or where they're going and, oh by the way, how much are you asking? 

Who knows?  I've never really figured it out. 

What I do know is that homes without yard signs seem to sell equally as fast as home with yard signs, all else being equal - price, condition, location. I also have come to experience that most people who call me from my phone number on the yard sign fall into one of two categories:

  1. neighbors being curious (how much is it? where are they going? can we see it [because we just want to look]?)
  2. people riding around aimlessly in their cars day dreaming about a home and being clueless about what it means to be able to buy a home

Usually, I can get rid of the neighbor curiosity factor by having an Open House the first or second weekend the house is on the market.  Just mail out a 100 postcards to the 100 nearest addresses and bring some cookies.

It's the second group of people who perplex me.  They're out riding around and happen to see your yard sign.  They call the number of the sign and ask the same questions:

  • how much?
  • How many bedrooms and baths?
  • Is there a finished basement?
  • Is the price negotiable?
  • Can I see it...right now!?... or tomorrow morning, at the latest.

These folks have usually done zero preparation and have zero understanding of what it takes to buy a home.  It is these folks I'm supposed to have the patience to "convert" into my buyer clients.  In reality, these folks are typically unqualified, financially, to buy a Big Mac on credit and even if they could get a mortgage it's for an amount way under the price of the neighborhood they're cruising.

Now, I may be doing it wrong because I haven't memorized all the scripts and have long since tired of making appointments that yard sign shoppers never keep but I would just as soon have these yard sign shoppers call another Realtor to act as their buyer agent.  You see, I have no problem splitting my commission with a competent buyer's agent who has a motivated client who is well prepared to make the purchase.

In fact, if it wasn't for the fact that yard signs make good location markers for agents that don't know the area and happen to be working the nieghborhood because their license says they can, I wouldn't use yard signs at all.

Yeah, I know.  If I have enough of them scattered around the neighborhood, I become the "neighborhood expert".  People will  think I'm the Big Kahuna of the 10 block subdivision. Well, maybe.  The fact is that my farming efforts (i.e., monthly direct mail into a subdivision) and the Internet have done far more for my business than a bunch of yard signs in the neighborhood.

So, I've become a little ambivalent about yard signs.  Do they work....or are they just one more holdover from a real estate past that we are holding onto...just because?

 

 

 
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13 Comments on Yard Sign Marketing

JUN
14
408,747 Points 3 Featured Posts Outside Blog

I have had sellers who do not want the neighbors to know they are moving. I tell them they will find out when they see buyers and agents coming to show the home .

6:41am • #1
341,382 Points 3 Featured Posts Outside Blog

Gee..ya think when the moving truck comes, when they see the sold numbers in the paper...when they see agents and buyers running in and out, the neighbors might figure it out. You never know what will attract a buyer...and sometimes just driving thru an area where they know they want to be is all it takes....not saying, no sign/no sale...but it can be a little crippling to the marketing effort.

6:51am • #2
476,589 Points 41 Featured Posts Localism Sponsor Outside Blog Hit Router

I get a few sign calls but haven't sold a house off of one for awhile.  You are right that they do help us locate a house, especially when the directions are wrong :-)

6:58am • #3
2 Featured Posts Localism Sponsor Outside Blog Hit Router

I've had a client not want a yard sign, as the driveway went up 850 feet to the house, which couldn't be seen from the road and he didn't want people driving up out of curiosity. It made sense to me.

7:02am • #4
283,287 Points 4 Featured Posts Outside Blog

I can never get over Im sitting in front of the home can you show it too me now question. Its about planning, I dont know you or if your qualified..SURE ill be right there. NOT

7:02am • #5
569,459 Points 95 Featured Posts Localism Sponsor Outside Blog Hit Router

Ken, when I first got in the business, Ann Arbor City had a no sign law. You had no clue what was on the market. In the outer county we could use signs. Finally a Big Broker challenged the law. I do get sign calls, from the sign, not brochure calls in the drop box.

I had one listings a few years back in Saline, the seller didn't want a sign. I had one showing. It has been off the market now for over 2 years. They recently called me again, I told them you must agree to a sign.

7:10am • #6
832,331 Points 213 Featured Posts Localism Sponsor Outside Blog Hit Router

Good for you. 

I've always believed that the yard signs benefit the agent and broker more than the seller. 

As for the buyer calling who says:

Can I see it...right now!?... or tomorrow morning, at the latest.

They either have an agent who is on voice mail, out of town or who told them to go find the house you want to buy and then call me.

OR, they want to "do their own research" and then get an agent.

 

 

 

 

 

7:17am • #7
177,438 Points 2 Featured Posts Outside Blog

Laura is right on, the call I get most often from a sign is the call to action, I am sitting in front of the home, can you come right now...

7:23am • #8

I have mixed emotions about yard signs -

I recently had a deal on an upscale property that was on the market for about 4 months before the deal closed.  The first 3 months the homeowners refused to have a sign and we got a decent number of showings anyway thanks to the MLS and other marketing.  They agreed to the sign the 4th month but had it removed after a week because they  thought it was too big. It closed with a buyer from the alternative marketing source so the good news is that I got both sides of the deal.

On the other hand, I have been on Floor Duty in the office and gotten a number of leads/sales (some including the house that had the sign) thanks to yard signs.

 

 

7:32am • #9
117,173 Points 6 Featured Posts Localism Sponsor

Gita  and Sally and David -- that's for sure.  If the neighbors don't figure out your're moving by "strangers" coming into and out of your house they might call the DEA thinking you're dealling drugs :-)

Cindy - The funny thing about signs being a location marker is that I'm finding a lot of REOs without signs.  Now what's that address again?

Steve -- that scenario does make sense

Laura - I recently had a yard sign shopper call me at 8pm with kids screaming in the background and the whole nine yards wanting to see the house. I told him to give me a call the next day to set something up.  Nothing. Nada. Fell off the face of the earrh.

Missy - the thing about a house being on the market is that the Internet has the house in many mulitple websites.  How, frequent is it, really, that good, motivated, qualifed buyers simply ride around looking for signs.

Lenn - They absolutely benefit the agent and broker. No question.  And, yeah, I find if I don't jump right over to show the house the yard sign shopper will get "their agent" to show it to them eventually.

7:34am • #10
303,768 Points 3 Featured Posts Hit Router

Ken, your post made me think back on some of my transactions.  I have sold quite a few homes because of yard signs, but, more often than not, it wasn't the home where the sign was posted.

7:48am • #11
117,484 Points 1 Featured Post

I tend to like the signs. Not because they help me to sell that house, but because it helps me to get the next listing.

9:44am • #12
141,094 Points Localism Sponsor

I know that my husband and I bought our second house because of a yard sign.  We had been looking in one price range and one night my husband cut through a neighborhood to get home and passed the sign.  He liked the look of the house and called our agent about it immediately.  It was slightly above the price range we had been originally looking for but we liked it so much we upped our price and bought it.  I guess, we can't be the only people that have done that.  I tend to lean towards the fact that the sign can't hurt.

7:31pm • #13

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Ken Montville -- the MD Suburbs of DC

College Park, MD

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RE/MAX Advantage Realty

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