- October 4, 2019
- Thomas Adam
- Real Estate
The digital age has increased our ease of access various types of data including whether a house is for sale. Despite this, ‘for sale’ signs are still common and many realtors swear by them.
For one reason, placing a for sale sign outside the property can immediately inform passers-by that it is for sale. The question is not whether you should place a ‘for sale’ sign at a property, a better question is whether the sign will result in questions by prospective buyers about the property.
Types of ‘For Sale’ Signs
Based on where you live, some homeowner associations do not allow for the placement of signs in a person’s yard. If you live in a planned community, you might want to review applicable regulations to determine if placing a sign is permissible.
Two of the most common types of sale signs that are used include:
- For sale by owner signs. Sellers who attempt to sell a property without the assistance of a realtor often do not want to spend substantial costs on placing a sign. There are many cases in which a buyer interpreted a seller’s decision to use an inexpensive sign as desperation to sell the property, which leads to a deal quickly occurring.
- Real estate sold by a realtor. Often these signs take the form of either small signs with stakes that are driven into the ground or larger signs that hang from a signpost. The value of signs is that they quickly and immediately inform a passer-by that the property is available. These signs should include the name of the broker, the contact number for the realtor officer, the realtor company website address, and the realtor company logo. Some agents also decide to include details about open house dates, the asking price, price reduction, or virtual tour info.
Deciding Where to Place ‘For Sale’ Signs
The location where you decide to place a for sale sign should be easily visible from the street. Similarly, it is important to avoid placing a sign where it might be blocked by things like foliage or parked cars. No matter what a sign states, it will not be effective if it is not located in a convenient position.
The Removal of ‘For Sale’ Signs
There are many challenges regarding the date at which a for sale sign is removed. One type of problem involves the transition of signs that contain details for different agents. Other times, a seller might change his or her mind or encounter personal circumstances that no longer make it feasible to sell the property. Other times, recent property purchasers grow frustrated because a ‘for sale’ sign remains at their property. Realtors should make sure they understand how to navigate these situations.
Speak with an Experienced Property Law Attorney
There are several complex issues involved with the sale of property that can lead to realtors needing legal advice. If you need the assistance of a knowledgeable property lawyer, contact the Adam Law Group today to schedule a free case evaluation.