Posts Tagged ‘one lexington’

July 8, 2010

Three Ways to Make Sure Your Website is Attracting Potential Home Buyers

In this new economy, investing in social media is part and parcel of a successful marketing campaign. When it comes to home buying, all kinds of media need to be engaged, but there is no doubt that a development’s website is the meat of the media meal.

People will spend hours searching websites before they start hitting the pavement on a hunt for their dream home. It’s the biggest purchase a person will make in their lifetime, so even if you’re selling beautifully crafted, quality homes, if your website isn’t up to snuff you’ll have lost a potential home buyer right there at the click of a mouse.

As Marketing Campaign Builders, we set out to help real estate developers ensure their websites – and more – are attracting potential homebuyers. And in our experience there are three must-dos:

1)   Customize a development’s website to showcase its key features. It seems like such an obvious thing to say, but it’s crucial that the website isn’t looked over. Beyond the pretty colours and carefully selected fonts the basic structural design of a project’s website needs to complement the development itself. If community is a keyword for a project, as a developer you need to think about how that sense of community will be presented on your site. Perhaps there will be an online forum for the exchange of ideas, or a series of blog posts that highlight community events in the area. Is it easy to leave comments on the site? Does it make sense to force people to register if you’re trying to promote a place for open and frequent discussion?

By way of example, our client Ledingham McAllister pride themselves on stunning showrooms, and giving potential homebuyers a look at what living in a Ledingham McAllister development can be like. The visual aspect is extremely important to them, so it was essential that their sites include a video component whereby potential homebuyers could actually see and virtually explore their showrooms.

2)   Even if you’re not face-to-face with homebuyers you still need listen to them. What are homebuyers saying, and where are they going? Note which areas of the site visitors are most interested in, and then give them more of what they want. Are they curious about floorplans? Or are they more concerned with the space’s features and amenities?

What comments are being left on the site? Are these comments being properly monitored? Queries should be answered, thank-yous sent and general interest acknowledged.

3)   Be real, authentic and more than just a corporate entity to your audience. Give people some good old-fashioned humanness so they can engage and relate. Be honest and sell the truth about your development and your work as a developer.

We’ve been working with Macdonald Development Corporation in Phoenix on a project called ONE Lexington. Phoenix was hit particularly hard in the recession, and it was important that this was acknowledged on the website. We explained that ONE Lexington was originally known as Century Plaza until the economic slump caused the development to buckle. We introduced Rob Macdonald and his partner Rob Hubbard by video, as the new developer and let them talk about their enthusiasm for the project and the city. We like to think this approach, and all our other tactics combined, helped this project in some small way hit the initial sales milestone of 30 sales in the first 30 days, in a market where five sales a month was considered a win.

Avoid the company jargon and hyperbole. Talk one-on-one even though your talking one-to-many. It’s an old ’80s cliché, but now is the time to “Get Real.”

Real estate development websites need to step up and be more: more engaging, more interesting, more complete and more human. Do that, and you’ll not just get a few random browsers skimming through floorplans, but honest-to-goodness fans who come back over and over to see what’s new, and soak up the stories you have to tell. These story-soaked, engaged and enamoured folks will not just be prospects anymore, you’ll have moved them along the scale to being believers. And believers are buyers.

File Under Business
image February 23, 2010

Phoenix market hits bottom. Ready to grow.

This is a duplicate post from David Allison’s column on RENX.ca, a Canadian Real Estate news website.

When real estate industry insiders talk about the cities in the United States hardest hit by the recession, Phoenix is near the top of the list. However, I was there last week, and the situation seems to be changing.

There are several signs that real estate prices in Phoenix have found the bottom. Granted, most of the talk is conjecture at this point, but articles like this one are easy to find online and in the carbon-based media. These sources indicate that the fundamentals are strong, prices are at the bottom, and the market is on a strong simmer, if not quite ready to boil over. This is the perfect time for investors and buyers to be thinking about Phoenix as a smart play.

One New York banker commented that large-scale investment properties in default have had, until recently, only one or two potential purchasers sniffing around. In the last couple of months, however, as many as 30 or 40 offers are being received. When the big boys with the money to buy buildings of this scope and scale are lining up, it’s a good indication that market confidence has returned.

Vancouver-based Rob MacDonald, of MacDonald Development is a veteran of the real estate investment sector and is in the midst of re-launching a condominium tower in the urban centre of Phoenix. Formerly sold as Century Plaza at the peak of the market, the building has been renamed One Lexington.

“I’ve been visiting and working in Phoenix for decades, and I’m very bullish on what’s happening in the city centre,” MacDonald said. “With the new light rail transit as a catalyst, the downtown and midtown areas are showing exciting signs of a new urbanism. In very short order, Phoenix will have a thriving core. It’s this revitalization, combined with the market recovery that I’m seeing all around me, that made our team confident that One Lexington would be a good investment.”

It turns out that a good investment for MacDonald Development is a good investment for smaller investors too. With far-reaching views, huge outdoor swimming pool, fitness centre and a light rail station out the front door, pricing at up to 50% less than the previous sale prices should attract past-purchasers and new devotees as well.

While it’s true my company is involved in this project (it’s a great example of Sell The Truth in action) and that I therefore have an abundance of belief in the offering, I’m not alone. The blogosphere and the traditional media are excited, and words of encouragement are flowing. You can read the most effusive post here. Even the Canadian media are getting in on the act. Here is the article in the National Post on the project.

Why am I devoting a column to a project that I have a vested interest in, and opening myself up to accusations of bias? There are two great reasons.

First, as stated, this project is a very good example of Sell The Truth in action. Take a look at the a href=”http://www.onelexington.com”One Lexington website/a and see how much straightforward Marketing Journalism we’ve packed in. Website visitors will know exactly what’s happened before, what’s happening now, and all the great reasons to engage with the sales team. This is the antithesis of how real estate projects were marketed in the past. Unfortunately, some developers still haven’t got the memo that a whole new breed of consumer expects the facts up front, and isn’t willing to follow the old rules and do things the old way.

More importantly, readers of this column are in the business of real estate, and I think a resurgence of interest in the seriously recession-struck Phoenix market is big news. Local journalists agree with me. And so does the National Post. It’s time to look at the Phoenix market again; as investors, as buyers, and as a city to watch as it rises from the ashes of one of the worst periods of economic turmoil any of us have ever seen.

File Under Business, RENX