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Sign...Price Reduced

By
Real Estate Agent with Coldwell Banker

First of all, I hope that you and your loved ones had a very Happy Thanksgiving.  Secondly, back to business.  I have a question to all you who have been in the business for many years.   I recently read conflicting arguments about using a sign to advertise when you have a price reduction on a listing.  Do you use a "price reduced" sign when you lower the price of a listing?  And, if you do use a "price reduced" sign, what have been the benefits?  And, if you don't use a "priced reduced" sign, why not?  I really would like to hear the pros and cons. 

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Guy Thomas
WR Starkey Mortgage - Colorado Springs, CO

Jane, I had read some of those pros and docns too. They both are valid ways to look at the situation. I wonder if you try a couple this way and do others withouth the sign to see how buyers respond as a way to determine if it helps sellers or not.

Nov 26, 2009 03:44 PM
Gary Swanson
Century 21 Harris & Taylor - Grants Pass, OR

Jane,  I don't like using a "price reduced" sign because I think it sends a signal that the house is still overpriced or that there is something wrong with it.

Nov 26, 2009 04:44 PM