A Lingering For Sale Sign Has Negative Impact

Reblogger Praful Thakkar
Real Estate Agent with LAER Realty Partners

Yard signs are supposed to the best - and easiest - publicity for an agent.However, if that sign remains in front of one home for long time...what happens then?Here's a re-blog from Debbie Reynolds on side effects of 'lingering FOR SALE sign'!

Original content by Debbie Reynolds TN Broker: 208698

A Lingering For Sale Sign Has Negative Impact

 

For sale signs Not all real estate markets are hot even as we approach the increased activity that comes in spring and summer. There is a philosophy that says list it and someone will buy it. Having lots of signs out will cause buyers to call, maybe. Buyers may just go and check out the property on their mobile device. When they see it is way overpriced they may not call you anyway.


There is a diminishing return on having a For Sale sign stay up months and months. Having a For Sale sign up too long could be damaging your reputation. The questions come, why hasn't it sold, what is wrong with the house, what's wrong with the agent? Do you know when to say no to a listing?

I have an opportunity to list a property. The seller bought it over ten years ago and says she has put several hundred thousand dollars in the property. It is not totally updated and the buyers in the market will not like that. There is physical and functional obsolescence. To make the situation more complex the seller wants $50,000 more than it is worth in a good market. We are in a challenging market.

The question is will having a sign in front of this home for 6 months help or hurt my business? When a home doesn't sell in a popular neighborhood the fingers point to the agent. The agent priced it too high and the agent isn't doing the job to get the property sold. The agent takes the brunt of the responsibility.

Onlookers may think the agent should know better and the agent must not be that good of an agent. Sure there could be talk that the seller is unreasonable, difficult to work with and wants too much money, but the bottom line is the agent's name is on the sign. If you were a seller watching the progress of the sale would you call the agent with the lingering For Sale Sign to sell your home?

Accepting a listing that is way overpriced and that will have a For Sale sign up for months and months is not good advertising. In my opinion it will have a negative impact on the agent. On the reverse side if the listing is priced right and the house is in excellent market condition and sells quickly, the real estate agent gets kudos and will most likely get other sellers in the neighborhood calling and remembering. It is good for business.

A lingering For Sale Sign has a negative impact. Be choosy and smart. That For Sale sign is being watched by other sellers. With that said, saying no may actually be a better plan for your business and your reputation not to mention your stress level.

 

A Lingering For Sale Sign Has Negative Impact

 

For selling tips to get top price for your Clarksville TN home click here. When you are ready to sell your home and want sound, quality advice and expertise, contact Debbie Reynolds at 931-920-6730. 

 

When you need Real Estate services in Clarksville TN 

  it would be my pleasure to assist you!    

                             

          "The Real Debbie Reynolds"

Check out all Clarksville TN Real Estate on My Website

                   
                                  
931-920-6730 or 931-320-6730 

Clarksville TN Homes

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2503 Wilma Rudolph Blvd., Clarksville, TN 37040 

 

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Rainmaker
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Praful. Debbie Reynolds is so right, the bottom line, if the a property is not priced correctly, it will sit and not move.

Apr 30, 2015 10:21 PM #1
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Thank you Praful for the reblog. Seller need to know that pricing with too much room for negotiations gets them no showings.

Apr 30, 2015 11:15 PM #2
Rainmaker
386,684
Mark Horan
Resident Team Realty, LLC & Toni's Property Management LLC - Saint Cloud, FL
"The Resident Chef" - Resident Team Realty LLC &

Praful Thakkar  Some feel that it's free advertising while the sign sits, but I think it's shows the agent can't get the job done.

May 01, 2015 02:51 AM #3
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

A property that doesn't sell can be bad for your business.  It isn't always great advertisement.

May 01, 2015 02:59 AM #4
Rainmaker
4,270,911
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Praful, great re-blog.  In our market if a sign lingers you have to know there is something wrong!  

May 01, 2015 09:26 AM #5
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

THanks all for stopping by - really appreciate it.

May 02, 2015 03:51 PM #6
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

And yes, Debbie is right - having a sign in yard for long time does not help anyone.

May 02, 2015 03:51 PM #7
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks for stopping by Joan Cox - yes, that's so true! Something is 'fishy'...

May 02, 2015 03:52 PM #8
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Most homes sell in our area pretty quickly, too...

May 02, 2015 03:52 PM #9
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

William Feela - yes, that sign shouts loudly about our failures...

May 02, 2015 03:53 PM #10
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Failure to sell the home in right amount of time - in this market, of course.

May 02, 2015 03:53 PM #11
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Mark Horan - you are right on mark!

May 02, 2015 03:54 PM #12
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Joe Petrowsky yes, we all know it is price, however, sometimes, even a low price does not move the property.

May 02, 2015 03:54 PM #13
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

And there is a basic - unwritten rule - 10 showings and no offer means I did my marketing well!

May 02, 2015 03:55 PM #14
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Thanks Debbie Reynolds for great post - worth spreading the word on what is right to do for us as seller's representatives.

May 02, 2015 03:56 PM #15
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