Dave Martin (703) 585-4687, Making Realty Dreams a Reality (Fairfax Realty)

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Rainmaker
612,153
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I like to put up a Pending rider when we are under contract. It lets the neighbors know that we have done a great job.

On other occasions, I don’t put anything up. If it is a high-traffic location, I want passers-by to see the sign and call to inquire about the house. It provides an opportunity to, perhaps, switch to another listing of ours or pick up a new buyer client. Although, these days, the prospect is just as likely to check the property status on their electronic device and not call. Maybe best option is the Pending sign.

I eschew Sold riders. I am wary of a deal falling through and having to remove the sign. The house is not Sold until escrow closes. Then the sign and post come down.

Jul 11, 2018 08:43 PM
Rainmaker
2,818,887
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

It's not sold, till it's closed... by then the sign is probably down. Once we are out of due diligence period, I put up an under contract sign.

Jul 12, 2018 03:56 AM
Rainer
207,451
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

I like to not jinx the sale, so it typically doesn’t go in the sign. 

Jul 12, 2018 05:55 AM
Rainmaker
651,323
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I was just getting ready to put a sign on a property today (Thursday) that's closing Monday. It was an SBA loan and took months. I just got notice from lender and escrow that all required items have been provided and they have blessed the HUD.

Until that moment, it's not sold.

With homes, I still like to wait until we've cleared UW--or if it's cash, inspections are completed and the buyer has delivered notice on our cute little State forms accepting the property or we've negotiated and agreed on repairs.

I don't like removing a sold sign if the property did not close.

Jul 12, 2018 03:54 AM
Ambassador
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Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

When we have a ratified Contract (and that includes consideration in-hand)! 

Why? I want the neighbors to remember that they just saw the For Sale sign go up yesterday and the Sorry, Too Late sign go up a day later!!

Jul 11, 2018 09:39 PM
Rainmaker
745,939
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

We don't. We will take calls on it and present offers for back up all the way until it is recorded. You never know. We used to request to put a sold sign up for a day or two after closing, but we just don't anymore, mostly because of the time factor involved and all the neighbors see the new buyers moving in anyway. Also we would never put a sold sign up. It isn't sold until it closes. If we did we would use under contract or pending, not sold. -Kasey

Jul 12, 2018 06:49 AM
Rainmaker
4,149,381
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Dave,

We did not put the Sold sign until it was recorded!  Personally, we do not like pending, or under contract signs either.  And we don't like the Too Late sign, but that is just us.  We would ask permission of the new buyer to keep the sign up in commercial as most of our listing were in high traffic areas.  It brought us listing calls.  A

Jul 12, 2018 05:52 AM
Rainmaker
889,106
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Sale Agreed goes up once we're in escrow.

I want to show the neighborhood how quickly I got the house in escrow.

Sold goes on when loan docs are signed typically with me...giving me 1-3 days of SOLD!

Jul 12, 2018 05:48 AM
Rainmaker
877,086
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Most of my sales are condos and don't have signs. 

Jul 12, 2018 04:45 AM
Rainmaker
2,754,125
Richard Weeks
Dallas, TX
REALTOR®, Broker

When the property closes and funds.

Jul 12, 2018 04:37 AM
Rainmaker
567,775
Gloria Valvasori, Accredited Senior Agent
BETTER HOMES AND GARDENS REAL ESTATE SIGNATURE SERVICE - Mississauga, ON
REAL Experience | REAL Commitment | REAL Results!

I cannot market it as sold until ALL conditions have been removed and it is a firm sale..

Jul 12, 2018 04:26 AM
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Fred Griffin presently on Leave of Absence
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Sold rider goes up on the day of closing.  Prior to that, I used to put "under contract" or "sale pending".   

Jul 11, 2018 10:16 PM
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Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

When we listed properties my wife never allowed a sold or pending rider. She always thought it jinxed the sale.

Jul 11, 2018 08:56 PM
Rainmaker
1,476,391
Mike Cooper, GRI
Cornerstone Business Group Inc - Winchester, VA
Your Neighborhood Real Estate Sales Pro

I put a sold rider on my signs about a week before closing. It says, "Sold! And I can sell yours too!" I don't do it any sooner just in case things blow up.

Jul 12, 2018 11:59 AM
Rainmaker
5,077,210
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

At settlement.

Jul 12, 2018 08:41 AM
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Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

I generally don't use either. It's not SOLD until it records and then the sign come down for the buyer to move in!

Jul 12, 2018 08:09 AM
Rainmaker
1,402,068
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Sold. 

Agent is proud of the sale and it is a great way of advertising - Hey, I can sell your home too. 

Jul 12, 2018 07:52 AM
Rainmaker
4,756,838
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I don't like to put sold signs up until the home has actually closed.  (With permission of the new owners.)

Jul 12, 2018 06:52 AM
Rainmaker
3,031,122
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

"Too Late" when all contingencies are satisfied, "Sold" after it closes if the buyer lets the sign stay up!

Jul 12, 2018 06:00 AM
Rainmaker
2,876,250
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

WHen all contingencies are met and we have a clear to close, i put up SOLD. 

Jul 12, 2018 05:35 AM
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

I wait until the finance addendum is waived Dave...

Jul 11, 2018 10:38 PM
Rainmaker
2,722,380
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

When a listing goes under contract - I use a Sale Pending sign rider. 

When all contingencies are removed - I use a Sold sign rider which stays up with the sign and is removed the day before we close escrow. 

Jul 12, 2018 02:07 PM
Rainmaker
4,705,896
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
"Franklin MA Homes"

SOLD goes up after ALL contingencies have been satisfied.... full mortgage commitment....

Jul 12, 2018 01:09 PM
Rainmaker
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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

I wait till after inspection and apprisal is okay

 

Jul 12, 2018 11:23 AM
Rainmaker
524,814
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
RE/MAX Valencia, Stevenson Ranch, Santa Clarita

I don't us SOLD signs on my listings.  I want to keep people interested in seeing the property right up to closing escrow.  Homes fall out of escrow so having people the the back pocket us essential.  It doesn't hurt to get calls for potential buyers and sellers either.

Jul 12, 2018 09:54 AM
Rainmaker
1,179,777
Ryan Huggins - Thousand Oaks, CA
www.HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Usually after the loan contingency has been removed.  That's the final hurdle in our state.

Jul 12, 2018 08:47 AM
Rainmaker
583,398
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Too Late usually goes up after we have mortgage commitment.  Depends upon property though...  I use postcards to the neighbors to give them the "full skinny" after it's closed. 

Jul 12, 2018 05:21 AM
Rainmaker
4,413,221
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Depends. Some sellers want us to take down the sign after we have a contract.

Jul 12, 2018 04:51 AM
Rainmaker
1,467,735
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

Our MLS makes us do it in a timely fashion so I stick with what they require which would your #2. 

Have to put a sold sign on it sometime & a few days before closing doesn't give you much market zing to the neighbors.

 

Jul 12, 2018 04:49 AM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Dave Martin (703) 585-4687 - I rarely do that so I will have to simple check outher answers.

Jul 11, 2018 11:36 PM
Ambassador
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Margaret Rome, Baltimore Maryland
HomeRome Realty 410-530-2400 - Pikesville, MD
Sell Your Home With Margaret Rome

 

I put a TOO LATE rider up when we have a ratified contract. 

Jul 11, 2018 09:33 PM
Rainmaker
211,233
Kristen Correa, Broker
Kristen Correa Real Estate & Reedy Creek Realty Services - Keller, TX
I love coffee & real estate. I am out of coffee!

I have not stocked them in many years... But it is my understanding this can vary state to state as far as what point in the contract you can say "SOLD" and at what point you can advertise "Too Late" as in Texas we have active in MLS, active, option (to do inspection or back out) active contingent on sale of another home and then pending and sold. It is only advised here to post SOLD once it is in pending status which is generally speaking 10 or 20 days into the signed contract, give or take.

Jul 11, 2018 08:45 PM
Rainmaker
940,545
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

When I post TOO LATE sign. It is too cute. Collector keep it in their room....

Jul 11, 2018 08:36 PM
Rainmaker
505,402
Dan Tabit
Keller Williams Bellevue - Sammamish, WA

I wait until the inspection or other near term contingency is resolved.  If it's only financing, then right away. 

Jul 12, 2018 02:12 PM
Rainmaker
2,382,230
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

First I vett. Second, we contract and third....its sold. Why? They cleared it all

Jul 12, 2018 06:24 AM
Rainmaker
3,044,733
Tony and Suzanne Marriott, Associate Brokers
BVO Luxury Group @ Keller Williams Arizona Realty - Scottsdale, AZ
Serving Scottsdale, Phoenix and Maricopa County AZ

Door #2

Jul 13, 2018 06:45 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams fox cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Depends on how strong the deal is and when all the contingencies are satisfied.

Jul 12, 2018 09:22 PM
Rainmaker
3,935,172
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I never change my sign, but take it down when sold.

Jul 16, 2018 06:29 AM