Riders on Real Estate signs

[Admiral Beez]

Sold over asking = you didn't ask for enough
Sold in two days = you didn't wait long enough
New Price = you either didn't wait long enough or asked for too much, but now your realtor has marked you as a "motivated" seller, encouraging low ballers
Price Reduced = same
Exclusive = no one on MLS can see your listing, so the potential pool of buyers has now shrunk to those your realtor and her/his buddies know. This way your realtor ensures their pals get in on the commission.
Coming Soon = encourages unwanted solicitations from other realtors and door knockers.
New Listing = this one is just dumb.

 

[DSC]

Real estate is a dynamic and evolving industry, where factors like location, market trends, and property types greatly influence investment outcomes. Success in real estate often hinges on thorough research and informed decision-making

It also depends on the motivation of the seller. Some sellers demand a high asking price and want to achieve it or they won't sell. Other want a low asking price but expect multiple offers and a bidding war.

 

[lenaitch]

Exclusive = no one on MLS can see your listing, so the potential pool of buyers has now shrunk to those your realtor and her/his buddies know. This way your realtor ensures their pals get in on the commission.

We ran into this during our recent sale. We were told that it can take up to a week to get a listing onto the MLS system, so it is 'exclusive' until then. We were told by a real estate agent neighbour that brokers will deliberately do this to give their in-house agents a first shot. Since we were under a bit of a gun, we pushed back with our listing agent and it was posted on MLS in two days.