We have all driven through our favorite neighborhood and slammed on the brakes when we see a for sale sign in a front lawn. Even if you’re just daydreaming, it’s nice to know your options. Luckily for people selling their home, there are plenty of potential buyers on the market who aren’t daydreaming and fully intend to buy a home.
It’s easy to see how a for sale sign catches the attention of potential buyers. But do you really need one?
According to the National Association of Realtors, the first step 41% of buyers take in the home buying process is to look for properties online, followed by contacting a real estate agent (19%). While a for sale sign is no longer likely to be a seller’s primary marketing tactic, there are some benefits associated with them. Read on for more insight into for sale signs.
There is no requirement that states a homeowner has to put a for sale sign in their yard, but it is customary to do so. If someone is trying to sell their home quietly, they may not want to draw attention to the fact that they plan to sell their home and move. If it’s a hot market for sellers, they may not feel the need to have a for sale sign since their real estate agent will list their home on the MLS that all real estate agents can see and online home sales websites that consumers can check out.
In some cases, HOAs have restrictions surrounding for sale signs. Some HOAs may not allow them in the yard at all and others may have rules regarding size and placement of the signs.
Before we dive into what the advantages and disadvantages of for sale signs are, let’s take a closer look at the different types of for sale signs that you or your real estate agent might utilize.
You will typically place for sale signs in the front yard of the home, on the sidewalk near the home, or at the entrance of the neighborhood. Your real estate agent may choose to put other signs in the surrounding community on days you have open houses, to point potential buyers in the right direction.
The following information is typically included on a for sale sign to get the most bang for your buck.
In addition to the main for sale sign, some real estate agents add a smaller sign to the top or bottom of the main sign so they can include additional information such as:
Before you break out the hammer and nails, let’s look at some of the pros and cons of putting up a for sale sign when selling your home.
Talk to your real estate agent and your HOA about your options for having a for sale sign in your front lawn. If the HOA prohibits signage, you can simply move on. Don’t sweat it too much if a sign isn’t allowed in your neighborhood. Nowadays, the online listing plays a much more impactful role than any amount of for sale signs can.
That all being said, if your HOA (or lack of one) allows for sale signs, not much harm comes from having one in your front yard.
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