Our local MLS allows the Selling Office to put a SOLD Sign on a property when a property goes under contract. This is a great way to let neighbors see that homes are selling in their local area. It also helps you build your reputation as someone that gets homes SOLD.
Each area has different rules and regs, but in the Seattle area we can have a SOLD sign as soon as we get Mutual Acceptance. In fact this message was on the home page our our local MLS this week:
Consumer Confidence Boosted by Sold Strips.
Northwest Multiple Listing Service has received numerous comments from its members noting that sold strips communicate positive sales information to the public. Rule 140(c) affords the selling office the opportunity to post a sold strip on properties with a status of Pending or Pending BU. Please note that this reminder is not meant to undermine instances where it may not be appropriate to place a sold strip on a property.
Placing a SOLD sign can be a very inexpensive positive tool to help your local market continue to recover and get your some additional business.
If you are allowed to place SOLD signs on homes, do you?