The world of golden jacketed real estate agents is all a buzz about the Century 21 Super Bowl Commercial that will be shown for 30 seconds nine days from now. Normally, I do not write much about my “brand,” as Century 21 does a whole lot of that themselves. For those of you “normal” people [...]
What The Century 21 Super Bowl Commercial Can Teach Us About Selling A Home Today
The world of golden jacketed real estate agents is all a buzz about the Century 21 Super Bowl Commercial that will be shown for 30 seconds nine days from now. Normally, I do not write much about my “brand,” as Century 21 does a whole lot of that themselves. For those of you “normal” people [...]
Keep Reading...Southwood Real Estate Outlook January 2012
With 2012 well underway, let’s start the new year’s housing reports with the Southwood real estate outlook. Sporting the most active subdivision in Tallahassee, our Southwood real estate report is a natural “first of the year” look at the activity in the Tallahassee real estate market. Currently, there are 48 homes for sale in Southwood [...]
Keep Reading...What A Real Estate Blog Has Taught Me About Selling Homes
If you want to hire the best company to help you sell a home, start by selecting a company that has a prominent real estate blog. The lessons learned while writing this real estate blog has taught me so much about what consumers are doing every day on the internet. I have written a daily [...]
Keep Reading...Homeowner Alert: The New “Refinance A Home” Scam To Avoid
I am concerned that the next wave of “putting a finger in the dike of the housing crisis” cures will be built around risky loans created solely to help you refinance a home. In response to yesterday’s Weekly Special Report “The Great Falling Home Supply Mirage,” several readers were quick to comment on thoughts they [...]
Keep Reading...The Real Key To Marketing A House For Sale In Tallahassee
Anybody who has been in the real estate business for more than a week can tell you that “real estate is local,” so why are most real estate companies focused on marketing a house for sale in Tallahassee on the large aggregate sites that are anything but local? I suspect it has something to do [...]
Keep Reading...Short Selling – I’m Working For The Seller, Not For The Bank
A series of unrelated conversations over the past few months made me realize there is a lot of confusion about short selling a home. First of all, when a homeowner chooses to hire a CENTURY 21 agent to sell a home, it is that homeowner for whom we work. Period. It does not matter if [...]
Keep Reading...You Can Learn A Lot From The Banks On How (Not) To Sell A Home
We all know that banks and lenders are entirely overwhelmed with this whole housing crisis thing. Many lending institutions have transformed into loss mitigation institutions, or they have outsourced their problems to organizations formed solely to solve the problems that surround distressed homeowners and delinquent loans. In so many cases, they are really doing a [...]
Keep Reading...The Real Scoop On Lot And Land Sales In Tallahassee
The price of developed lots in Tallahassee has moved all over the place during the rise and fall of the housing market. When I started in the real estate business in the early ’90s, Florida was just emerging from the inception of the Comprehensive Land Use Plan that resulted in many land-owners bringing residential lots [...]
Keep Reading...Should You Wait Until Next Year To Sell A Home
There are a lot of people who have decided to wait until next year to sell a home. I know this is true because the inventory of homes for sale in Tallahassee continues to drop, even as the rate of home sales has hit a 20+ year low. Will it be a smart move … [...]
Keep Reading...3 Lies Real Estate Listing Agents Like To Tell
Real estate listing agents are at it again. They are holding back the “whole truth” when dealing with prospective home sellers, and sellers no longer so easy to trick. It seems that I have spoken with more people who want to sell a home in the past 60 days than I have in any previous [...]
Keep Reading...Why I Won’t Be Judging The US Marine Corps Today
Today is one of those very rare days that my blog will be “off topic,” meaning there will be no tie to the Tallahassee real estate market. Every so often I feel compelled to share my viewpoint on a current event, and today I want to share a unique perspective on a hot global story [...]
Keep Reading...How We Know The Housing Market Is Weakening Despite What NAR Is Reporting
Anybody who follows the real estate market knows that the National Association of REALTORS® (NAR) recently announced that they had been over-stating sales (oops) since 2007. Some people were quick to point out that this announcement means the housing market is doing worse than previously thought, but there might be another reason for this well-timed [...]
Keep Reading...The Five Star Guide To Tallahassee Neighborhoods
Want to know where to eat in a new city … ask your new friends. Want to know the mood and pace of a city, read its newspaper. But what do you do if you want to know where the top neighborhoods are? How can you tell where you might want to live, apart from [...]
Keep Reading...How To Sell Your Home Even If Your Neighbors Are Giving Theirs Away
One thing that home sellers really want to know right now is how they can sell a home without giving it away … in a market loaded with distressed properties for sale. I mean, if the Jones family down the street is going to give their home away, how are you going to entice a [...]
Keep Reading...Where You Should Advertise A Home For Sale
Today’s blog post was inspired by a reader question concerning how and where we advertise a home for sale. I have said it numerous times before but I will say it again, some of our best blog posts at the Tallahassee Real Estate Blog come from reader questions, as they help us reach the real [...]
Keep Reading...How To Use Current Real Estate Market Conditions To Improve Your Quality Of Life
I was once taught that the first rule of economics is “never consider sunk costs.” In simple-speak, this means that the money you have already spent on something is “in the past” and cannot be “un-spent”, thus you should unemotionally look at your present situation and make the best decision possible looking forward. If you [...]
Keep Reading...How To Misjudge Real Estate Supply And Demand – The Ultimate Guide
Right about now, all across the US, real estate supply and demand reports are being published, and many will be misjudged, misunderstood, and misreported. You can either allow yourself to be misguided, or you can choose to have a mind of your own. If you are thinking about selling a home, the best starting point [...]
Keep Reading...Top 10 Real Estate Blog Posts For 2011
2011 is over, and as we look forward to the recovery of the Tallahassee housing market, let’s take one last look backward to see which blog posts were the most popular last year. The top 10 real estate blog posts for 2011 gives me an idea of what our readers most enjoy seeing at the [...]
Keep Reading...The Minimalist Guide To Selling A Home
Who better to turn to than William Shakespeare when assembling the best words to guide us to a successful home sale? Shakespeare has written many phrases that became part of the English language, as he artfully conveys a thought or action most efficiently. I have “borrowed” four quotes from Mr. Shakespeare that serve to bind [...]
Keep Reading...Searching Tallahassee Real Estate Just Got Easier
You asked for it, CENTURY 21 First Realty delivers. One of the most often requested site modifications at the Tallahassee Real Estate Website has been an improved navigation system, allowing readers to find specific articles from the thousands of available pages of original content. Our real estate website has gotten so large that we have [...]
Keep Reading...Short Sale Amenisty Program Could Cure The Real Housing Market Problem
If you have ever used an old fashioned hand water pump, then you remember how much work it can take to get the water flowing. Sometimes you might crank up and down on that old cast iron arm for several minutes and not even get the first drop of water. When one of these pumps [...]
Keep Reading...Does Experience Really Matter When You Hire A Tallahassee Realtor
As somebody who tries to analyze, measure, and track every recorded aspect of the Tallahassee real estate market, I am often curious about the impact of the changes we are seeing in the real estate brokerage industry. With the help of the Tallahassee Board of REALTORS® Multiple Listing Service, today I want to take a [...]
Keep Reading...Expect Slower Home Sales In 1st Quarter 2012
If you study new contracts in the Tallahassee MLS every day, and plot their performance over time, you often are able to produce short-term forecasts for home sales that are relatively accurate. With that in mind, the pending home sales report (new contracts) is projecting a slower 1st Quarter for 2012 than we saw in [...]
Keep Reading...What A Purple Trike Can Teach You About Selling A Home
As I was waiting for my family to gather to put a movie on last night, I was surfing and came across a show on the History Channel called Pawn Stars. In a day and age when there is a TV show about everything, it came as no big surprise to find a series based [...]
Keep Reading...Home Sales In Betton On The Rebound
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Keep Reading...Cash For Real Estate
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Keep Reading...New Home Construction Expectations For 2012
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Keep Reading...How To Use The Short Sale Paradigm To End Your Real Estate Dilemma
Everybody knows the basics of getting a home sold. Of course, everybody used to know that the Earth was flat and that the Universe rotated all around us. There have been many other examples in history where rock-solid beliefs were changed, and now I suggest you consider the short sale paradigm as a way to [...]
Keep Reading...What The Gold Rush Of 1849 Can Teach Us About Short Sales In 2012
One in every six homes sold this year has been a short sale in Tallahassee. One in every three homes sold this year has been in some sort of distressed situation (short sale, foreclosure, pre-foreclosure, REO, etc.). As we roll into 2012, the landscape for people who want to sell a home is crowded with [...]
Keep Reading...Can We Really Trust NAR When They Revise Their Home Sales Figures?
Late Tuesday after, CNBC reported that the National Association Of Realtors released a statement acknowledging that their home sales reports have been OVER-COUNTED since January of 2007. That means everybody who relies on REALTOR reports for the US housing markets now knows that things are worse than they previously thought. Who would have thought such [...]
Keep Reading...The Zen Of Online Social Networks
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Keep Reading...The Shocking Truth about Foreclosures And Deficiency Judgments
There is a real danger lurking around homeowners all over the country, and this malicious entity often leads to mortgage foreclosure and deficiency judgments. Is it a new bank? A new government program hiding behind the facade of a homeowner assistance program? Perhaps even a loan modification organization that caters to homeowners in distress … [...]
Keep Reading...Real Estate Forecast 2012
December 12, 2011 – Every year around this time, I put together a real estate forecast and try to explain my expectations for the coming year. I am proud to say that I have been fairly accurate in my projections, and often times hit the nail on the head while many others in the Tallahassee [...]
Keep Reading...CENTURY 21 First Realty Looks Back On 2011
Last night we celebrated. CENTURY 21 First Realty enjoyed it’s 2011 year-end holiday party at Andrews 228 in downtown Tallahassee with dinner, drinks, and memories of a wonderful year in a difficult housing market. One of the highlights of the evening involved a game we played called “Name The Agents” and the game board is [...]
Keep Reading...Real Estate Sales Trends Through November
Most of the real estate reports that we compile here come from data pulled from the Tallahassee MLS, but occasionally we go “all out” and get all the information on home sales in Tallahassee from the Leon County Property Tax Appraiser. I believe it is important to do this from time to time to ensure [...]
Keep Reading...Tips On Real Estate School And Getting Licensed In Florida
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Keep Reading...Tough Times In The Ox Bottom Neighborhoods
Homeowners in the Ox Bottom neighborhoods are seeing a lower and slower housing market when compared to many of the other NE Tallahassee neighborhoods. This collection of traditionally very popular subdivisions has seen home sales slow faster than the rest of Tallahassee, and home values have dropped at a faster rate as well. Currently, there [...]
Keep Reading...Real Estate Supply And Demand Change
This morning’s weekly special real estate report shows a continued drop in both the real and relative supply of homes for sale in Tallahassee. This falling supply is good news for the entire market, in that the supply side appears to be working towards finding a balance to our historically low level of demand. Reminder: [...]
Keep Reading...
The world of golden jacketed real estate agents is all a buzz about the Century 21 Super Bowl Commercial that will be shown for 30 seconds nine days from now.
Normally, I do not write much about my “brand,” as Century 21 does a whole lot of that themselves.
For those of you “normal” people that had no idea that there is going to be a Century 21 Super Bowl Commercial during the 3rd quarter of this year’s game, I am glad that I have caught your attention. And I would like to ask you a favor.
Whether or not you watch the game, please come back and visit this blog post sometime after the game and take the poll below. I am trying to gauge the impact that the Century 21 Super Bowl Commercial will have on the viewing public.
Century 21 Super Bowl Commercial Impact Poll
(Poll will show above here after the 3rd Quarter of the Super Bowl on February 5, 2012)
According to the press releases that I have received about the Century 21 Super Bowl Commercial, it will feature 3 superstars … Donald Trump, Deion Sanders, and Apolo Ohno.
Ohno indeed.
Total Cost Of The Century 21 Super Bowl Commercial
According to what I have read (I have not discussed this at all with CENTURY 21 Corporate), NBC is charging $3.5M for the average 30 second spot during the game.
Additionally, there are production costs, superstar royalties, and additional marketing costs (Access Hollywood will feature the Century 21 Super Bowl Commercial on Friday night) that will run the total cost of this marketing event to well over $4M.
Additionally, Century 21 will run the ad many times after the super bowl, but we can classify the cost of the additional runs as unrelated to the cost of the Century 21 Super Bowl Commercial (after all, they do advertise on TV all the time).
To put that into perspective, that 30 second commercial is going to cost the same as 200 well-funded, keyword dominance campaigns that could be run on the internet for the next several years.
Huh? What? Keyword dominance campaigns? What’s Joe rattling on about now?
Old School Marketing Versus Internet Marketing – Selling A Home In 2012
I wrote an article last year titled “Branding Is Bunk” and I think most corporate marketing people either don’t yet understand how the internet is changing the way we need to reach consumers, or worse, they are protecting their jobs by confusing those around them who do not know any better.
The $4M spent for the Century 21 Super Bowl Commercial will yield returns for our Company. In fact, since Deion Sanders is a former FSU Football player, its impact in Tallahassee might be greater than many other places. But I would have spent the money in a much different manner if I were heading up marketing for CENTURY 21.
I would have used the money spent on the Century 21 Super Bowl Commercial to build internet marketing channels that would have enhanced our ability to get homes sold on the internet. Fortunately for Tallahassee homeowners, we commit our budget to this very task and have the best internet marketing plan for selling homes that can be found anywhere on the internet.
Imagine how strong our online home selling plan would be with a budget increase of 11,000%! That’s right, give me an annual budget of $4M and a great name like CENTURY 21, and we would take-over the internet (at least for selling homes
).
For now, we must wait to see just how effective the Century 21 Super Bowl Commercial will be, and don’t forget to come back and give us your two cents worth!
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