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Displaying the sale price on the 'for sale' sign

Posted by pollopicu (My Page) on
Sun, Sep 5, 10 at 20:17

Omitting the sale price from the "for sale" sign is one of the biggest real estate market blunders I've ever seen.
Maybe not so much for the real estate agents, but mostly for the home-owners themselves who are looking to sell their home. I remember years ago when one would drive past a house for sale and see the listing price listed above the sign. This was brilliant, why did it change? I think everyone, especially those who are desperate to sell their house should consider starting this trend again because as a home shopper like myself, I can't tell you how many times I've seen a house for sale and because I have no idea what the price is I simply don't bother even looking it up on the internet. It just seems like such a hassle to deal with every single home you come across on the street, when you have a ton of other things on your mind, not to mention you also sometimes forget what the house even looks like.
Today for the first time in probably 7 years I saw a "for sale" sign with the listing price of $269,000 and my husband and I actually applauded in the car and I'm about to write a letter to the listing agent telling them what a great idea I think that is.
I think if you list the listing price along with the for sale sign, you have a much greater chance in selling your house, or at least more interest and word of mouth than houses that don't list the prices on them. To all the agents out there, please start listing prices along with the houses!! the economy is bad, people are desperate to sell and to buy, this is not the time to be modest about showing off the price. This is what works. Sellers should request this too. I think this helps everyone involved.


Follow-Up Postings:

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RE: Displaying the sale price on the 'for sale' sign

But why did you say "sale" price (rather than listing) in your heading? I thought you were going to say the price the house was sold at was put on the sign!


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RE: Displaying the sale price on the 'for sale' sign

When we sold our last 2 houses, I printed up flyers with the lising price and put them in one of the tubes on the sign. I agree this is better so buyer's don't waste your time or theirs if you are way out of the price range.

This was also nice as I included pictures of the inside and could describe the renovations that were done.


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RE: Displaying the sale price on the 'for sale' sign

Yes, flyers are great too. However, sometimes when there's a house on a country road where it's not safe to stop and pull over really quick (which is the case a lot on CT and Northern NY and Mass.


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RE: Displaying the sale price on the 'for sale' sign

I understand the point you are making, pollopicu - seeing the price at the same time you see the house enables the potential buyer to make a snap decision without stepping out of the car or going inside or doing anything more.

Among other reasons, that's why sellers are not anxious to have the price broadcast so readily. Advertisers know the longer you can hold someone's interest in a product, the better chance there is of you buying it. So luring you in to get on the internet to check the price gives them a second chance to entice you with interior photos. And some count the number of "clicks" to their site to determine the level of interest.

When the custom was that you had to place a phone call to an agent to obtain information, I was all in favor of disclosing the price on the info sheet available at the curb. Now that any serious buyer (or avid lookie-lou) can so easily get on the internet and find out the price, it's not a big deal.

Other reasons not to include the price on the sign include just plain privacy and the fact that price reductions are so common these days.


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RE: Displaying the sale price on the 'for sale' sign

"Omitting the sale price from the "for sale" sign is one of the biggest real estate market blunders I've ever seen. "

Never taken a sales course or sold expensive items have you?

You want a buyer to be interested in the product before they have to consider what it is going to cost them.

I think that was covered on 'Marketing 101.'


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RE: Displaying the sale price on the 'for sale' sign

I'm 53 years old and lived in different parts of the country. I've never seen the price displayed on the sign.


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RE: Displaying the sale price on the 'for sale' sign

Brickeye, why does there always seem to be an arrogant person like you on these sites? Do you just hop from forum to forum trying to make yourself seem superior by behaving unnecessarily condescending?

Of course I've never taken a "course" in marketing. Most people haven't. However, I have sold two home that weren't cheap. One of them a beach house..

I don't know what wacky course you took which tells you for certain that a person will not be interested in seeing the price of the house listed along with the "for sale" sign. Are you that gullible that you believe everything you hear as gospel?
Buying and selling a house is not all "marketing 101". There's a lot of emotions involved that cannot be taught in your precious little night class. It's not all black and white.
Let me repeat myself...AS A BUYER (ME) I would like to see the prices listed on the house because I would then invest the interest required without having to waste my valuable time, taking pictures, searching on the internet, etc.
It is a fact that I have over-looked many houses simply because they are on a country road where it's not conducive or safe to pull over or turn around. It's an issue that actually ends up hurting the seller, because it's no skin off anyone else's back.
If sellers want to complain about privacy issues with displaying the listing price on the sign, then they shouldn't complain about not getting responses because a lot of the time I can guarantee that's happening.
I don't get it. Privacy from whom? you're selling a house, the persons you're trying to hide your price from can easily go on the internet and search for it.

What I don't particularly appreciate about this "luring technique" is that it insulting me as a buyer, I'm smart enough to realize when someone is trying to use a marketing manipulation technique, and if I say I don't have the time to stop and check out every single house I see on the road, no schemes are going to bring me inside the door. Then again this is the same mentality with sex and the media. Show someone a piece of as-s with flickers of shiny pink on tv, and they'll sit there zombified for hours even if the shows suck. No thank you. I'm too focused and centralized for that.

Would you go into a shop where there were no prices on any of the items? I don't think so. After viewing a few products you'd walk out. Do they teach that in "Marketing 101"?

That's why so many houses are selling hot off the shelf right now. Tons of bidding wars going on..


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RE: Displaying the sale price on the 'for sale' sign

"Brickeye, why does there always seem to be an arrogant person like you on these sites? Do you just hop from forum to forum trying to make yourself seem superior by behaving unnecessarily condescending? "

Why does there always have to be a person who knows more than all the RE sales folks over many many years thinking they have found a 'better way'?


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RE: Displaying the sale price on the 'for sale' sign

But buyers do know more. We're the ones you're trying to get in the door. WE are the ones buying. Are RE agents that narrow-minded that they simply cannot take feedback advice from the very people they are trying to "lure"?

I certainly don't claim to know more than an RE agent in all aspects of home buying and selling, but I do know what nudges me to inquire about a particular property. It was friendly advice that helps everyone all around. It didn't have to turn into a pissing match.


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RE: Displaying the sale price on the 'for sale' sign

In this real estate environment, I would not invest in 100's of signs with different prices, it just doesn't make sense.
As a buyer I would write down the address and get more detailed information later, either from an agent or the internet.


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RE: Displaying the sale price on the 'for sale' sign

Very rarely do I see a sign with a price. I honestly think that the signs with the price on it are a bit tacky. It's information that is easily available on the internet. It's like advertising how much you're worth, basically.

I'm not a RE agent, but the biggest mistake I see is horrible pictures on MLS, not signs without prices.


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RE: Displaying the sale price on the 'for sale' sign

"But buyers do know more. We're the ones you're trying to get in the door. WE are the ones buying. Are RE agents that narrow-minded that they simply cannot take feedback advice from the very people they are trying to "lure"? "

I do not sell RE, but purchase, rehab and renovate, then sell on a rather regular basis.

You have not seen the inside of the house, yet you are sure you need to know the price.

Many agents put brochures out on the sign, and are only a phone call away (let alone the low power radio equipment available).

How interested are you if you are not wiling to even make a phone call or go grab a brochure?


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RE: Displaying the sale price on the 'for sale' sign

Posting the listing price gets the buyer to at least have an initial interest and decide whether or not the house should even be looked at. I don't expect people to see a price displayed with the "for sale" sign and immediately want to make an offer on it. However, it does help buyers decide if it's even in their price range to want to take a better look at it.

I'm a very serious buyer, with a lease up in the end of Nov. dying to get out of the apt. we live in, and yes, sometimes I am too busy, or I forget which house I saw with a for sale sign.
Like I mentioned earlier, many houses are situated on roads where you cannot safely pull over at a moments notice, and by the time you get to where it's safe to make a u-turn, you don't even think it's worth turning back around for a second look. It's not laziness, it's actually exhaustion from looking so much.
I remember up until 7-8 years ago it use to be the norm to display listing price with the house. It wasn't considered tacky, it was just good business. I could see if it were multi-million dollar Sotheby listings, but we're talking about middle class homes. I think it's a bit materialistic to care so much what other people are going to think about the cost of your home. Listing the price along with the "for sale" sign could not possibly be tackier than most of the listings out there anyway.

That's feedback from a potential buyer. If I do this, I know many other must too. Take it or leave it.


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RE: Displaying the sale price on the 'for sale' sign

I agree with what Pollopicu said.

There is no good reason not to list the listing price on the for sale sign.

"You have not seen the inside of the house, yet you are sure you need to know the price."

This is a rather strange comment. Of course as a buyer I want to know the price first, if it is beyond my budget, why should I waste our own time, the real estate agent's time and the seller's time?

Another real estate market blunder is real estate agents do not list address of their listings in real estate brochures. They may think this will force potential buyers to call them, instead, we always skip these listings.


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RE: Displaying the sale price on the 'for sale' sign

I sold FSBO and DID include price on the sign. It was a sign rider. I also had a flyer with price and photos and a web site with price and photos. The flyer referenced the web site.

I will note that the house was priced very well and the home had great curb appeal.

I was competing against many other homes that were listed by realtor and none had prices on their signs (most didn't have flyers either).

My home was one of only two that sold in a 18 month period in that subdivision, where there were a least a dozen+ homes for sale.
The buyer found the place via driving by.


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RE: Displaying the sale price on the 'for sale' sign

"Of course as a buyer I want to know the price first, if it is beyond my budget, why should I waste our own time, the real estate agent's time and the seller's time? "

The asking price is not the final price.

It is a starting point for negotiations to reach a selling price.


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RE: Displaying the sale price on the 'for sale' sign

"The asking price is not the final price." That is a goofy retort to the problem. If the asking price is double your budget, then a buyer shouldn't waste their time. The potential buyer and seller have to be in the same ballpark or there is no chance of negotiation.

This really is just a marketing question. Do houses sell faster if you put the price in big bold letters for all passerby's to see? My guess is "NO" since the people who sell houses for a living tend not to do it. Right now the market is dominated by the MLS. In the future, if information is traded more freely, maybe that answer will change.


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RE: Displaying the sale price on the 'for sale' sign

But it's being able to see the ballpark figure of what one can afford that entices the buyer to want to take a further look.

azmom, I too skip the listings with no addresses. I cannot possibly make an app. to view each and every house that may or may not fit our criteria. It's unrealistic.


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RE: Displaying the sale price on the 'for sale' sign

But just because agents are choosing not to display the listing price along with the "for sale sign" doesn't mean that's it's the right marketing decision, especially in this new economy that most have never experienced before. Maybe it was a marketing technique that agents were trying out, and they sort of decided to keep it that way, but now, with the way things are in real estate market, some people are desperate to buy, and most are desperate to sell, and I know agents want to see the houses move too...I honestly believe this will help.


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RE: Displaying the sale price on the 'for sale' sign

One of the great parts of america is that if you have an idea about how to do something better/faster/cheaper, you are 100% free to start your own business. If your idea is as good as you think it is, you could make a fortune. Of course, you run the risk of being dead wrong, but the chance of failure is the price of freedom.


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RE: Displaying the sale price on the 'for sale' sign

wow. That's a great solution Billl! why didn't I think of that?
..every time a consumer has an idea on how to improve product/marketing, what they should be doing instead is adjusting their entire life and career paths to simply modify that one aspect of business marketing which would benefit everyone and make the world a much better place. yeah!

You should quit your job, and go into the Idea-making business. You'd make a fortune too!


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RE: Displaying the sale price on the 'for sale' sign

I personally think its a bad idea to display the price on the front of the house.

Although some buyers have the ability to assess a house based upon a quick drive by of the front, I don't think many really can.

Some houses have a great interior, nice features, or more room than it looks like from the outside. As a seller, you're turning away people from looking at what you have if you have a percievably high price displayed compared to how the front of your house looks. If they look online, the buyers can see in more detail what you're offering, same if they call, buyers can hear from an agent, about the house.

You as a buyer many want to find a price first and sort out the details later, but that doesn't help sell the house. Contact with agents, looking at the interior shots, inquiries those help sell the house, the agent has a shot of hooking the buyer.

if you're looking at houses on the road that are double your budget you need to, either look at a lot more houses or talk to a RE agent. You shouldn't be confusing a 250K house with a 500K house. If you're looking in a defined area you should have a good idea as to what the price of the house should be.


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RE: Displaying the sale price on the 'for sale' sign

"if you're looking at houses on the road that are double your budget you need to, either look at a lot more houses or talk to a RE agent. You shouldn't be confusing a 250K house with a 500K house. If you're looking in a defined area you should have a good idea as to what the price of the house should be."

This.

If you cannot make a call to find a price you are not interested anyway.

RE sales are very often about contacts.

I have purchased before houses even officially 'hit the market' through my agent's contacts.

She keeps in touch and knows what I am looking for, a new house for me or another investment property.

A simple call would provide the price, and if it is out of your range the possibility of other ones in your range.


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RE: Displaying the sale price on the 'for sale' sign

"A simple call would provide the price..."

If only a call was simple, this could be nice.

In reality, when you call, there is a high probability you get VM or a receptionist that takes a message.

Your return call might occur within 24 hours, or might occur 3 days later or might never occur.

If/when you get the return call, you might have a list of 10-15 homes that you called about. Then, while driving and searching homes, you have to go through your list and try to match the caller to the scribble note of the home you called about. Then you get it mixed up with the 50 other homes you saw over the past 2 days. (Was it the tan home with the large tree out front? In Creek Cove subdivision. Oh darn, I saw 4 homes in that subdivision and 3 were tan)

Or, you might be back home from your house hunting trip by the time you get the return call. Oh darn, what if the home was within your price range but you can no longer go see it because you left town already. If you had known the price range up front, you might have called back a few times trying to arrange a showing. But because you didn't know the price, you weren't as forceful on seeing it.

Yep, just a simple call.


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RE: Displaying the sale price on the 'for sale' sign

"You shouldn't be confusing a 250K house with a 500K house. If you're looking in a defined area you should have a good idea as to what the price of the house should be."

This is not necessarily as black and white in all areas. For example, if you look at the region of the Hudson Valley, which is one of the areas we're looking in, driving by you can very easily weave in and out of different price ranges. Also, there are a lot of homes where the interiors don't match the exteriors and vice versa. Many homes are updated, and some are not, and that alone can dictate the price of the home dramatically. Then there's acreage... So area alone doesn't dictate what a house is worth. If anything, that's the biggest misconception there seems to be.
If I were shopping for a home in Beverly Hills, then I would say 400-500k budget would be unrealistic, but here the listings vary drastically, and there's no way to predict it unless you call, and again, having to call every single listing is tiresome, especially when you're doing a lot of home searching. Some are not worth the effort.

I'm really surprised you all don't already know this..

Of course if I see a house that's worth checking out, I'll go on the internet and check it out, however, there are many houses that we come across that are borderline and so most of the time we either forget and don't bother. Especially homes you can't even see from the road and you're not allowed to drive towards to check out. Those are just absolutely ridiculous and we 100% don't even bother with.

I'm really surprised you all don't already know this..


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RE: Displaying the sale price on the 'for sale' sign

ps.

didn't mean to type "I'm really surprised you all don't already know this.." twice. It was an editing error on my part.


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RE: Displaying the sale price on the 'for sale' sign

I remember years ago when one would drive past a house for sale and see the listing price listed above the sign.

And now you don't. Maybe all those tens of thousands of blundering fool real estate brokers and agents know something you don't. Just saying.


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RE: Displaying the sale price on the 'for sale' sign

And that's why also so many people are complaining and crying they can't sell their house..


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RE: Displaying the sale price on the 'for sale' sign

Last month I called my bank to find out what kind of interest they were paying on a certain type of investment. Two words would have answered my question. The teller I usually work with when I do this wouldn't or couldn't give me that information anymore .......... I had to talk to their investment counselor now, but he wasn't in at the moment.

It doesn't take a rocket scientist to see what they're doing. They want all possible interested parties to be funneled to the person who can deliver the best sales pitch and chance at landing an account. Yes we know it's a marketing device but that doesn't mean some people don't resent being made to do the song and dance routine when all they want at the time is a number.

Being secretive about the price is like buying one of those two very expensive vacuums. You can't cut to the chase but must schedule in a demonstration to be 'convinced' why its worth so much money. ;-)


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RE: Displaying the sale price on the 'for sale' sign

Exactly. I think the biggest issue here that I failed to mention is dealing with the real estate agents. As Sweet Tea, mentioned above, if it were only that simple. I'm really sick and tired of dealing with agents and their *shtick*. Maybe it's different when you're a builder because it's your job to deal with them, but when you're one purchase is the purchase of the actual home you're going to live in, you don't want to have countless agents convincing you to choose THEM as an agent. I swear, it's worse than going to a car dealership. Not to mention you feel totally obligated to deal with them. Then they go into 101 question: What brought you to the area? what is your budget? Do you have an agent? Where are you from?
No it's never "that simple". I know many people somehow think that if you're serious enough you'll call, but sometimes if I sense inquiring about a particular house is going to be more hassle than it's worth, I will not call, and forget about houses FSBO. I gaze over FSBO as if they don't even exist because I don't want to deal with the owner directly. They're too emotionally attached to the house and always think the house is worth way more than what it's worth.
Paving part of the way to make it clearer/easier for the buyer to look at a houses without having to go through the hassle of an obstacle course is common sense marketing.
And for what? so the neighbors don't see how much you're selling your house for? Well they're going to find out over the internet as soon as the sign goes up. Not displaying the listing price is the first shot in the foot.


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RE: Displaying the sale price on the 'for sale' sign

Why are you even doing your real estate agent's job for them? If you're not getting a listing of all of the new homes to hit the MLS that are in your price range (or near it) and then doing the driveby, then you are working with the wrong agent. You're definately working too hard to complain about a non issue!


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RE: Displaying the sale price on the 'for sale' sign

I have to agree with Pollopicu on this one. DH and I used to get very frustrated when we were looking and there was no price either on the sign or on a flyer. We were looking at horse properties, and it is not uncommon in such areas for prices to vary from $300K to >$1M on the same street.

Of course the listing price may not end up being the selling price, but we didn't want to waste anyone's time, including our own, looking at properties that were clearly out of our budget.

In the majority of cases where we had to call for pricing, the realtors seemed more interested in gaining another client than in selling the houses we were inquiring about.


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RE: Displaying the sale price on the 'for sale' sign

We sold our previous house FSBO. We did not want to deal with tire kickers; we put the listing price on the sign with a phone number. We also provided flyers with information a potential buyer may want to know including floor plans, photos and details spec. etc.

We sold the house in 3 weeks. Yes, the market was high; nonetheless, our sold price was higher than all the other similar houses sold by realtors in the same neighborhood at the same time. We did very well especially without paying for the commission.

Selling a house is a business transaction, it is important to remove potential road blocks for potential buyers. Everyone is busy nowadays, who has the time to jump through hoops. In addition, above certain price range, the potential buyers know what they want, they don't need a realtor to coax them. Being secretive about the price, intentionally forcing buyers to hear the sales pitches are counterproductive to say the least.

Someday If we would use a realtor to sell our current home, the first two requirements would be "to put the listing price on the sign" and "the address in the ads".


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RE: Displaying the sale price on the 'for sale' sign

Maybe you should get an agent and let them do the work for you. If you're not buying FSBO then there are going to be real estate agents involved eventually. You might as well get one working for you. They have tools that will help you save time. I do have a funny feeling you might have issues with them though.


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RE: Displaying the sale price on the 'for sale' sign

You're definitely working too hard to complain about a non issue!

You're thinking that too, the OP seems a little over the top about this matter of showing price, how about we all just agree maybe this tirade will end...


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RE: Displaying the sale price on the 'for sale' sign

My last buyer had one of the new phones that showed the address, price and pictures of homes for sale within a certain radius and a gps of how to get there.
I think that is the way to go, they found their home without me. I just had to negotiate the price and a few other things for them for the best deal possible.


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RE: Displaying the sale price on the 'for sale' sign

I'm over the top... this is a real estate forum and we're all discussing an issue that obviously everyone has strong opinions about. What better topic is there to discuss than one that stirs all different kinds of opinions?
"Over the top" is a bit of an exaggeration.


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RE: Displaying the sale price on the 'for sale' sign

pollopicu,
News Flash... You can go online to one of hundreds of real estate sites and create a CUSTOM search within a custom area, with your custom price range, and your custom criteria. As new properties come on the market that match your criteria, they will be emailed to you the same day!
Then you can sort through the listings at home, and THEN go drive by each one that looks interesting to you. And you will even have the price, pictures, and the agents phone number all printed out in front of you.
Like others have said, if you are not willing to call the listing agent or even go online to find the listing price, then you were never a serious buyer for that property to start with. I can guarantee you that if you pulled up in front of the "perfect" home, and it did not display the price, you would take the time to find out.
Why are you wasting precious time and fuel driving around aimlessly looking for properties when you can take a few minutes and set yourself up on a custom listing search? Do you really think you are seeing everything that matches your criteria by randomly driving around?


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RE: Displaying the sale price on the 'for sale' sign

NCrealestateguy, one of the biggest problems with agents is that they don't listen, and you just proved my point.
Did you just skim this thread and not read all of it? we're talking about DRIVE-BY'S. When I'm home I go online and I perform my searches and I visit houses from those sources as well. We've been talking about being ON the road and unexpectedly coming across listings that have no listing price.
I honestly believe this thread upsets agents because they see someone out there who is not going to be suckered into their marketing schemes and tactics. Yes, I am a serious buyer, again, I am currently shopping for a home as we speak, our lease is up in Nov.
However, I rather not call about every single listing I come across if I sense It's more trouble than it's worth, because as stated above, in case you didn't read the entire thread, it's not that simple calling an agent. They never pick up, and they call you back days later when you've forgotten which house you've called about. Then finally when you do get a phone call, you have to answer 101 questions. Do you realize how time consuming it is to do that with say, 15 houses a month?
I don't want every listing handed to me, but why can't agencies make it easier? well, because they want to sucker people into all these other homes they need to show to get rid of, homes they know don't even fit your criteria of needs. That's the part that's a waste of time, it's not actually getting on the phone and calling a telephone number. It's dealing with agents like you who don't listen.


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RE: Displaying the sale price on the 'for sale' sign

You don't need to call an agent to find the price of a home. If you know the road name, it takes 10 seconds to find it online.

If you call a sellers agent, guess what, they represent the seller and will try to sell you a house. They aren't there to make your life easier. They are there to sell their clients homes quickly and for as much as possible. If you don't want to deal with a sellers agent yourself, then you can get a buyers agent to do it for you. If you want to skip the buyers agent and do the legwork yourself, that is certainly your right, but don't complain about how burdensome the legwork is.

Oh well, it sounds like you are just one of those people who likes to listen to their own voice. Most of the responses to your post have told you how to avoid the problem you are having, but you are more interested in ranting about agents than finding a solution.


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RE: Displaying the sale price on the 'for sale' sign

Well thanks for admitting it's not an agents job to make things easier for the buyer..

This is the problem right here..as a buyer I am giving feedback, and what better feedback than from the person you're trying to get the cash from? With that attitude a lot of agents and sellers are missing out. Whether you like to hear it or not, this is how several of us buyers feel, and we're the ones with the money to buy. As the buyer we're in a better position to pick and choose. If we have to extend our lease we will, but your tactics does not force people to buy houses they are not in love with.
I think the sophist here is you, Bill. You're more interested in winning an arguement than searching for the truth.
I'm not trying to tear down agents. I am simply stating the obstacles that one has to overcome to inquire about multiple properties, and quite frankly agents happen to be the biggest one. That's a fact. Don't dismiss the discussion by simply accusing me of having beef against agents because that's a sleazy way to end the discussion.
You still haven't provided a solution...I have. Other than not wanting "neighbors" to see what your house is worth, what other possible reason could there be to not display the listing price of a house on the "for sale" sign, other than trying to catch potential buyers in a sticky web of marketing tactics? Why in the world would I agree to be suckered into all that? who but a newbie would? I'm sorry, but after about the 10th time, you get pretty tired of it.

How about at least having a number that when you call an automatic voice message tells you everything about the house? "hello, the house you're calling about is 2,300 sq ft, 3 bedrooms, one bath, 7 acres..."

Don't even get me started on the sites you have to register on to see the listings..

How about "Open Houses"? you can't go into an open house without being attacked and followed throughout. Why can't they just leave you alone? We all know why we're there. I'm capable of deciding on my own whether or not the house suits or needs. I have eyes and I'm right there, so why do I need an agent after me telling me all about the homes features? I know they're there, if I have a question, I'll ask, so back off. Now I refuse to go into an Open House. Simple as that, and if I feel that way, I guarantee a lot of other people feel that way too.


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RE: Displaying the sale price on the 'for sale' sign

How about at least having a number that when you call an automatic voice message tells you everything about the house? "hello, the house you're calling about is 2,300 sq ft, 3 bedrooms, one bath, 7 acres..."

Don't even get me started on the sites you have to register on to see the listings..

Pollopicu, years ago complaints such as yours were common. There were obstacles to getting information on properties, but that has changed.

You should not have to call a telephone number at all. The listing information including the price is probably available on the internet - and from a number of sites. If you are familiar with web searching, none of this should be difficult. If you have any piece of information, such as the address or the agent's telephone number, a google search will start you towards the info you need.


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RE: Displaying the sale price on the 'for sale' sign

It sounds almost like the OP is one of those folks that knocks on front doors and asks the occupant to show them the house.

I have always told them to call the listing agent and schedule an appointment.


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RE: Displaying the sale price on the 'for sale' sign

pollopicu - apparently you fundamentally misunderstand the role of agents in realestate. The listing agent works for the seller. They do not work for you. They aren't their to make the process transparent or easier for you. They are their to quickly sell their clients homes for top value. Their job is to have "marketing tactics" that draw potential buyers in and have them make a connection with the property and eventually an offer to purchase it. They are not, and should not be, interested in your speed-dating approach to looking for a home. A selling agent should not be looking up home prices for you if you have an agent of your own. That would mean they are basically doing your agents work for free.

As for a "solution" - you certainly haven't proposed anything useful. You basically just want everybody else to change so it is more convenient for you.

The real solution is out there and has been for years. The MLS is a continually updated database of all homes being sold by realtors throughout the country. The data is piped out to hundreds of sites and readily available to you, 24 hours a day, completely free. It is infinitely better than someone recording a voice mail every day. If you are too lazy to look the information up (or have your agent look it up) well.... that is your problem.


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RE: Displaying the sale price on the 'for sale' sign

I have skimmed most of these posts, and forgive me if anyone has already said any of my ideas before.

First of all, IMHO, pollopicu, has every right to believe the way she does and she has some very valid points. It would be easier for the buyer to see not only the sale price, but a lot of other details about a house when you are driving by. The smart sellers provide fliers that you can run up and grab that would list every wonderful thing about the home, including the price. Those could be changed whenever there is a change in price or details much easier than a sign.

On the flip side, however, a seller doesn't do themselves much of a service if they post their selling price up front. It's no different than buying a car. Unless you are getting employee pricing, you save the negotiations until the end after you have test driven, inspected and researched the vehicle. It is only THEN that you can really decide how much that vehicle is worth to you. Seeing it sitting on the lot where you have a vague idea how much it is, will not tell you if the ride, the interior, etc fits with what you want.

The same is true for a home. I would never put my selling price on my sign right now in this economy because you would have no clue from driving by that we have a home theater built in our basement. Put on a flyer with the price, yes. Blasted on a sign, no. I'm sure there would be plenty of people driving by that would say "OMG, they must be crazy cuz they want $25k more than what the average house in this neighborhood is selling for." However, if they would have come in and seen what we have, their reaction might be completely different. "Oh, that is a lot of extras for the difference in price."

Marketing has developed over the years and prices are not on houses for this very reason. You don't know what it is worth to you until you get the ENTIRE picture. The price on a sign will never tell you that.

I respect, however, anyone that would post their price but I would caution them that in this economy now it may appear to be a sign of desperation.

Just my 2c.


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RE: Displaying the sale price on the 'for sale' sign

However, I rather not call about every single listing I come across if I sense It's more trouble than it's worth, because as stated above, in case you didn't read the entire thread, it's not that simple calling an agent. They never pick up, and they call you back days later when you've forgotten which house you've called about

It sounds like you need a new agent! Any agent with a qualified buyer who is ready to buy a home should be eager to get you the information that you are looking for.
I agree with the other posters here that just putting a price on the sign, without more information about the house isn't necessarily helpful. I work in a RE office and most of the agents do put flyers at their listings, some of them use a flyer box that you insert a flyer in that cannot be removed, so if the last one has been taken the information is still there.
However, there are some agents that would prefer to have phone calls from buyers so that they can verbally give them the information.
Occasionally I see signs with the price on them, but I have the feeling that most homeowners feel uncomfortable literally putting a price tag on their home.
The best way to find a house is to work closely with an agent that you like and have them set up to automatically notify you when new listings that meet your search criteria hit the MLS.


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RE: Displaying the sale price on the 'for sale' sign

Graywings, my point is that it's an inconvenience to have to search for the listing price of every single waking house you come across. You all keep saying the same things over and over again...

Brikeye, do you really think I'm the type of person who would knock on people's door to see the house? I don't want to deal with agents and I clearly stated I won't even consider a FSBO, so do you really think I'm that kind of person? c'mon now..

Bill, what you said made no logical sense whatsoever. Yes it's true that when agents are working with a seller, they are looking out for the best interest of the seller, however, they are also selling it to a BUYER, plus there are agents out there who are solely representing the buyer for a house which is not listed under their jurisdiction. So in that case, who does the agent work for when they are showing you a house that is not even listed under their agency?
I'm much more experienced in this than you give me credit for.
I'm not trying to propose a solution that would only benefit myself, obviously this is a solution many people have issues with and it would benefit many beside myself. It's just common sense. So far you've only been trying to put a muzzle on me and haven't brought forth one solution, yet, you're ready to continue arguing the point simply to have a the last word and resort to name calling. This simply shows your ignorance, not your innovation.

SusanLewis, I have to say you've made the best point here thus far. And yes, that does work for a limited amount people who have an unlimited house-hunting budget. However, what does it matter if a house inside has a home theater and is priced accordingly, if it's not within a house-hunters budget, what does it matter what they think? Plus I don't think a home theater is going to bump someone out of an entire price bracket, although I get your point.. But let's just say your house has an amazing in-ground pool and a tennis court that cannot be seen, it would still be out of a certain house-hunters price range and it would still be wise to narrow the interests. It's not going to make them cough up more money, it's only going to make them realize why the house was so expensive, still wasting a buyer, sellers and agents time. ykwim?
Anyone who can afford big ticket homes have their work cut out for them with agents who go on foot for them anyway. Here we're discussing the ordinary middle class house-hunter who does not have an unlimited budget and who agents don't bother really helping that much.
You made a great point, but I'm still not fully convinced.

Back in the day agents did use to help you *find* a house. Someone accused me of being lazy (I'm actually physically and emotionally exhausted from searching) but it's the agents that want a commission for nothing these days. Now a buyer spends hours upon hours looking for home on foot, by car, online, then to only go do a drive-by as to not waste anyone's time, and a lot of the time it's the agents time one rather not waste than one's own. In the end, *you* find the house, and the agent gets chunky commission. I don't mind, if they did the works worth, but they don't anymore. *one* does all the work.


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RE: Displaying the sale price on the 'for sale' sign

What we've got here is failure to communicate, some men you just can't reach. --The Captain.


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RE: Displaying the sale price on the 'for sale' sign

...but it's the agents that want a commission for nothing these days...

I expect someone to say this when they are technologically challenged, don't have a clue about agency and want to place blame for their shortcomings.
Enough said.


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RE: Displaying the sale price on the 'for sale' sign

Bravo, Berniek. That was a brilliant intellectual contribution to the discussion.

I'm surprised at how any of you have defended your arguments by resorting to insults. It only displays your lack of solid defense and demonstrates ignorance.


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RE: Displaying the sale price on the 'for sale' sign

You've insulted all of the agents that post here and only exposed your limited understanding of how modern home listings work. You're not doing yourself any favors, and it's no wonder that your agent isn't doing a stellar job in finding you a home. You're difficult to communicate with and blame your shortcomings on others.

You're all over the map (literally) with your home search and only want to play the blame game rather than actually doing all of the legwork that you claim you are doing. If you pull into the driveway and enter the address into your search engine, within about 30 seconds, you can find out pretty much anything you want to find out about the home you're such a tither about not having a price on the sign. If you're really serious about finding a home, that is, rather than just griping about it. And, if you don't have a smartphone or a notebook with dedicated cell modem, then you should---IF you're serious about house hunting in a modern and technologically savvy manner. Otherwise, you'll end up doing exactly what you're doing: driving around uselessly.

Wake up and join the 21st century rather than griping about the 20th!


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RE: Displaying the sale price on the 'for sale' sign

If you have an agent who is "bothered" by you calling them to ask for information about homes for sale YOU HAVE THE WRONG AGENT! I answer the phones at a RE office, and it is so annoying to have someone call for information from one of our agents when they are already working with another agent, but "don't want to bother" their agent. Who do they think is going to be paid when they buy a house? And a good agent doesn't want you contacting the listing offices. They want to know what you are interested in looking at.


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RE: Displaying the sale price on the 'for sale' sign

"I'm surprised at how any of you have defended your arguments by resorting to insults. It only displays your lack of solid defense and demonstrates ignorance."

Another example of your handicap. You don't read or respond to the suggestions that make it easier to get the info. you want.
Many years of working in RE has tought me something, to let buyers like you spin their wheels any way they feel fit. It's your dime, not mine. Unless you are serious and sincere, keep spinning your wheels hoping to find that one sign rider with the right price.
If you were working with me, and you had access to the mobile internet by cell phone or otherwise, everytime there is a new listing meeting your requirements, you would know everything instantly. Isn't that what you want? But I have this feeling that you don't know what you want besides price.


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RE: Displaying the sale price on the 'for sale' sign

Graywings, my point is that it's an inconvenience to have to search for the listing price of every single waking house you come across. You all keep saying the same things over and over again...

Pollopicu, I agree that posting the listing price of a house for sale would make it more convenient for people who drive around and search for houses as you do. However, you are a small minority of the total number of homebuyers, and people who shop for houses in that manner are considered to be not serious about buying. In other words, sellers and agents are not interested in accommodating your personal preference in this matter. They would rather conduct their business another way and are willing to take the chance that they will lose a sale to a small number of potential buyers who chose not to be inconvenienced.

It is similar to deciding not to hold an open house. An open house will potentially attract buyers who would not otherwise view the house. But some sellers don't want to do it. We could be having the exact same conversation starting with: Not having an open house is one of the biggest real estate market blunders I've ever seen.

A seller who feels the way you do will list the price on his sign. Sellers who don't will not. That in its simplest terms is what it comes down to.

And by the way, you had better be prepared for this: when you find that particular house that you want to view, you likely are going to have to demonstrate that you can afford to buy it by being pre-approved by a lender. But that's a whole other discussion . . .


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RE: Displaying the sale price on the 'for sale' sign

Livewire, in what way have I insulted agents here, or anywhere for that matter? Everything that I have stated is not only true, but some of you have even admitted to. I'm not here to advertise the bad qualities of agents, but I'm not here to sugar-coat them either. This is a discussion about listing prices and the subject on agents came up. You don't like it? I guess that's tough. Searching, simply does not take "30 seconds". Entering info on google does, however, searching for homes, listings, maps, registering on real estate sites, calling agents for just ONE house is very time consuming. Imagine doing that for 15-20 houses a week.. what part of that can't you understand? have you read anything at all, or are you just another "skimmer"?

I clearly stated that I do much more than my share of internet searching, hence why It's exhausting. This is obviously an issue that concerns various members here. The ones who are mostly up in arms about this are the agents and or "buyer/sellers". This is why people hate dealing with them. They're like car sales men.

Berneik,
"to let buyers like you spin their wheels any way they feel fit."
This is exactly the kind of attitude that is not appreciated in an agent. Your attitude is despicable. It's actually pretty disgusting. I'm glad you're not my agent, but then again, I'm too sharp to work with someone like you for a second time. That's probably what bothers you, doesn't it?
In this short sentence not only have you managed to judge
and generalize a potential client, but it shows that you also regularly practice automatic dismissal.
I guess the first thing an agent "like you" does upon meeting a client is to assess what kind of a sucker they'll be, and if it turns out they're pretty savvy, you automatically label them as a *difficult* client.
You sound like the kind of agent that has very poor work ethic to begin with, so I'm not surprised this topic has touched a nerve with you.
What surprises me most is that as an agent you have tons of time to be on the internet, on these message boards. You must be extremely busy with tons of buyers breaking down your doors. Bidding wars must be stressful too.

Graywings, I've been looking to buy a house for quite some time now...In other words, I have my ducks in order.
It was rather silly of you to bring up something so irrelevant to this specific topic. Pathetic attempt at grasping at straws, don't you think?


Much to my chagrin, this thread has inadvertently demonstrated how agents *really* feel about most clients.


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RE: Displaying the sale price on the 'for sale' sign

I think this has now turned into a "pride" argument and there are very few new ideas to lend to this disagreement. Everyone has their perspective and their opinions. Nothing pollopicu says will change how homes are marketed and she has the right to disagree with this fundamental premise. However, it appears to a person like me who is neither in the real estate business nor is looking for a new home (they'll carry me out in a pine box) that this topic has been exhausted.

Anyone agree to let sleeping dogs lie? (I do really hate that saying and need to find a new one)


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RE: Displaying the sale price on the 'for sale' sign

Pollopicu, take a deep breath and exhale. And maybe consider letting go of this discussion entirely. From your postings on another thread, I know you are have been through a lot. I wish you the best in finding your dream home.


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RE: Displaying the sale price on the 'for sale' sign

I don't need to take a deep breath, gray. Nice try, but thanks for the well wishes. I appreciate it.


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RE: Displaying the sale price on the 'for sale' sign

"You sound like the kind of agent that has very poor work ethic to begin with, so I'm not surprised this topic has touched a nerve with you."

Hmmmm, I could collect SS and be retired comfortably, but I still work over 40 hrs a week.
So, what did you think of my suggestions? (trying to keep things on track)


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RE: Displaying the sale price on the 'for sale' sign

If you want to change something I suggest you get more support.

The desires of a single person about 'how they want things' to simplify THERE search are not enough for the added expense and trouble, especially when the up side is just not there (and goes against many years of marketing).


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RE: Displaying the sale price on the 'for sale' sign

Pollypoo,
Your home buying process is totally bass - ackwards... please answer this?

1. Why do you not call YOUR agent when you come across listings with no sales price on the sign, instead of the listing agents? After all, she is the one working for you.

2. Why do you not have your agent set you up on an automatic listing search that matches your criteria? The new listings will be emailed to you the day they come on the market. This way you can have all the information right in front of you EVERY time. And, you will not have to worry about unexpectedly running into a listing while driving, because it was already emailed to you the day it came on the market. If you do see a listing while driving, and it was not emailed to you from your search, you instantly know that it does not meet your criteria, and you can move on. If you let your agent set you up on this search, you would never have to drive around aimlessly again, nor would you have to spend hours exhausting yourself out by searching online.

So, you asked for answers to help you out. I just gave you a solution that does that. I would appreciate a response.

And I AM a very good listener, and if I am awake, I answer my phone. I took a business call last night at 10:15 while watching my WV Mountaineers beat Marshall.
You say you do not like working with RE agents, you do not like working with FSBOs, and you do not like Open Houses, and agents do no work and get paid huge amounts of money. Do you realize that over 80% of agents who get in the business fail after the first 5 years? And that an average annual income for agents in 2008 was a measley $34,606? And most of us work way more than 40 hours a week. You are probably wondering why we do this work then. I will tell you why... because we have the freedom to choose who we work with, and who we don't, and I would have fired your snotty ass long ago.
You need to cheer up, use the availiable tools that are offered to you, and stop making your life way more difficult than it should be.


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RE: Displaying the sale price on the 'for sale' sign

Did she ask for help? I thought she just wanted to tell you how her idea is the best thing since sliced bread.

I reread the original post and nowhere did I see she asked for help. I'm starting to wonder if her "issues" with her ex neighbor posted on another post might be a two way street.


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RE: Displaying the sale price on the 'for sale' sign

"Did she ask for help? I thought she just wanted to tell you how her idea is the best thing since sliced bread."

You are right. It was just pointed out by pollopicu, that agents not doing what was suggested are marketing blundering idiots, and that's where our roads part. More technologically constructive proven ways of achieving better results were suggested instead, but rejected.


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RE: Displaying the sale price on the 'for sale' sign

No one puts a price on signs in my area. Many of the houses are second homes which might be unoccupied during the week and much of the winter. It would be like advertising for a burglar to pay a visit.


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RE: Displaying the sale price on the 'for sale' sign

Well, first of all, I guess my suggestion is not totally and utterly ridiculous, since so many of you are adamantly passionate about defending your point of view. I would venture to say that if it was indeed totally ridiculous, a lot of you would have ignored my post completely.

berneik, I read your suggestion, and again, my issues are not with searching at home, which I already stated several times I do on.a.daily.basis. My issue is with Drive-by's. No matter how many times you repeat it I'm still going to stand by what I feel would work better for all. If you don't like it, then I really don't know what to tell you. I'm not going to force you to believe what I feel. I am simply discussing a topic just as you are.

Brickeye, "The desires of a single person about 'how they want things' to simplify THERE search are not enough for the added expense and trouble, especially when the up side is just not there (and goes against many years of marketing)."

-----It's *their* not *THERE*.

"2. Why do you not have your agent set you up on an automatic listing search that matches your criteria?"

As I have repeated several times, we already do. We're talking about drive by's.


NC
"1. Why do you not call YOUR agent when you come across listings with no sales price on the sign, instead of the listing agents? After all, she is the one working for you."

Like several members already stated...we don't want to HAVE to call our agent each and every waking time we find a listing. Whether you like to hear it or not it's an inconvenience, for everyone. I'm sorry you don't like that answer, however, that's the answer. Besides, it makes total sense that someone wouldn't want to have to contact a third party every time they see a house they *might* like. Seriously, that's insane.


"Do you realize that over 80% of agents who get in the business fail after the first 5 years? And that an average annual income for agents in 2008 was a measley $34,606? And most of us work way more than 40 hours a week. You are probably wondering why we do this work then. I will tell you why... because we have the freedom to choose who we work with, and who we don't, and I would have fired your snotty ass long ago."
hmm...I wonder why? bitter much? then maybe you should look into another career field. I don't think RE suits you. You sure do have a temper...
RE agents are always complaining about how much work they do, but I'd like to see where, because several of them, at several stages of my life have shown the same inadequacy, and that's not to say they are all like that, because I've met some great agents as well. However, in general they tend to be....like you.
Most agents become agents because they want to do minimal work and want those chunky commissions. However, when they realize clients expect much more from them and commissions don't just fall so easily on their laps, they become pungent.


orv1, I was wondering how long that was going to take.. It only shows how inadequate you are in keeping with the relevance of the subject. I think even you're smart *enough* to see that one thing has nothing to do with the other.

Berniek, why does this touch a nerve for you? there's really no need to take it personal. It's really just a message board and a discussion. I think you need to relax a little and stop posting until you realize it's not that much to get excited about.


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RE: Displaying the sale price on the 'for sale' sign

If you are receiving listings that match your criteria, the day they come on the market, then there are no other listings out there which should be of interest to you.
Answer me this... If you are receiving listings for your criteria, where and how are you finding "15 - 20 listings a week" while driving around that may match your criteria, and that you still do not have information on? I just do not get it.

Pollypoo states...
"Like several members already stated...we don't want to HAVE to call our agent each and every waking time we find a listing. Whether you like to hear it or not it's an inconvenience, for everyone. I'm sorry you don't like that answer, however, that's the answer. Besides, it makes total sense that someone wouldn't want to have to contact a third party every time they see a house they *might* like. Seriously, that's insane."

If you do not like to call your agent each and every time you find a listing, why not just write down the addresses of them every week, and then email these to your agent, and have her give you the list prices?
So there you go... another helpful hint from your NCRealEstateGuy.


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RE: Displaying the sale price on the 'for sale' sign

"orv1, I was wondering how long that was going to take.. It only shows how inadequate you are in keeping with the relevance of the subject. I think even you're smart *enough* to see that one thing has nothing to do with the other."

Actually lady this thread speaks volumes to the way your mind works. It's not a long leap to see how a simple neighbor feud would escalate completely out of control. That's where the relevance to it is. Even a simple country bumpkin like me IS smart enough to figure that out.

PS, your subject isn't nearly as relevant as you believe. Having bought and sold in the last year I can tell you it's completely unnecessary to post the price on the sign. Of course you're not going to see it so it's a waste of time pointing it out to you. It seems as if your mind is like concrete, all mixed up and permanently set.


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RE: Displaying the sale price on the 'for sale' sign

What an entertaining thread!

This (from ncrealestateguy) makes perfect sense! If I knew how to bold text, I'd emphasize the 2nd last sentence...

"Why do you not have your agent set you up on an automatic listing search that matches your criteria? The new listings will be emailed to you the day they come on the market. This way you can have all the information right in front of you EVERY time. And, you will not have to worry about unexpectedly running into a listing while driving, because it was already emailed to you the day it came on the market. If you do see a listing while driving, and it was not emailed to you from your search, you instantly know that it does not meet your criteria, and you can move on. If you let your agent set you up on this search, you would never have to drive around aimlessly again, nor would you have to spend hours exhausting yourself out by searching online."


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RE: Displaying the sale price on the 'for sale' sign

We're talking about drive by's

It's drive bys. It's plural, not possessive.


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RE: Displaying the sale price on the 'for sale' sign

Some buyers are on their own in the dark ages of real estate not wanting the latest and greatest technology to help them find the right home, and that is their prerogative. I'm not even talking about using their agent, just like my last buyers who found their own home without me as I mentioned above.
This one has their mind made up of wasting time, money and gas. So be it.


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RE: Displaying the sale price on the 'for sale' sign

Not the same as the price on a sign, but for quick access to listings by location, Google maps does have a box to click to show 'em.


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