Fort Lauderdale Real Estate Blog

April 7, 2011

Limited Inventory Makes For A Healthy Condo Market In Fort Lauderdale

As temperatures begin to rise and beaches continue to swell with tourists and locals alike, the Fort Lauderdale condo market along the beach and downtown has cooked up quite a buying frenzy in the past six months.

At the end of 2010, only 160 new units remained unsold out of the 5,100 units created in downtown Fort Lauderdale and the beach since 2003, according to a recent article published in The Miami Herald. This number excludes the 298-unit condo-hotel project previously known as Trump International Hotel & Tower. Sales for these new units have not yet begun. In February, a bulk buyer purchased 68 units in the Village East condominium complex near the 17th Street Causeway.

Surrounded by Sunrise Boulevard south to State Road 84 (Southeast 24th Street) and the Atlantic Ocean west to Northwest 7th (Southwest 4th avenues), this area has a significantly low number of unsold homes compared to other coastal cities, such as Greater Downtown Miami. Developers in this area have close to 3,600 unsold condo units, according to the article.

In the past six months, buyers purchased 62 units per month for a total of 372 units in the downtown Fort Lauderdale and beach markets. At this rate, some experts believe the downtown Fort Lauderdale and beach condo markets have less than a 10-month supply of available product.  6-8 months is considered to be a normal balanced market.

Peter Zalewski, a principal with Condo Vultures, a Bal Harbour-based real estate consultancy reports anti-development opposition as a major reason behind the under supply. Former Fort Lauderdale Mayor Jim Naugle and commission members opposed multiple new construction projects proposed during the boom. This resulted in many of the condo developments in downtown Fort Lauderdale and the beach being approved, constructed and then sold out before the South Florida real estate crashed in 2007.

Prices for new condos in the downtown Fort Lauderdale and the beach markets have fluctuated significantly since the real estate boom. According to Zalewski, the average price per square foot for a new condo rose from $235 in 2003 to $309 in 2004 to $339 in 2005 to $372 in 2006, just before peaking at $499 in 2007.

In 2008, Fort Lauderdale condo prices per square foot dropped to approximately $356 in 2008 and 2009, and later sunk to $185 in 2010. Some believe prices could fall even more, considering the Village East bulk deal sold at $121 per square foot.

Even with an under supply of new condos, resales are always a possibility. Today, 550 condos are available for resale in downtown Fort Lauderdale and the beach markets, according to the Florida Realtors Association. An extra 162 units are currently under contract waiting to transact.

For more information about buying or selling homes and condos in Fort Lauderdale, contact John Sabia today at 954.850.2397.

Return to Fort Lauderdale Real Estate – home page

October 23, 2010

Fort Lauderdale Condos | Market Update – 3rd Quarter 2010

Fort Lauderdale Condos

Fort Lauderdale Real Estate – Third Quarter Market Trends for Fort Lauderdale Beach, Northeast and Southeast condominiums.

In September, inventory for Fort Lauderdale Condos for sale increased by 1% month over month and were down -7.6% from  January this year.  New Listings were up 8% in September; however they were down -24.4% as compared to January.  Closed Sales were down -20.3% from the previous month and were also down -2.5% as compared to January.  Pending Condo Sales were up 8.3% from August and were down -20.4% from January.

For Sale/ Sold/ Pending/ New Listing - Condominiums/Townhomes

    1 Month   9 Months    
  Sep 10 Aug 10 % Change Sep 10 Jan 10 % Change
For Sale 1900 1881 1% 1900 2056 -7.6%
New Listing 338 313 8% 338 447 -24.4%
Sold 118 148 -20.3% 118 121 -2.5%
Pending 195 180 8.3% 195 245 -20.4%

Of these figures, Inventory for Fort Lauderdale Condo Foreclosures was up 7.8% in September from August with a total of 110 properties classified as bank owned (5%).  As compared to January, REO inventory was also up 64.2%.  Closed Sales categorized  as foreclosures remained the same month over month and were up 20% as compared to January.

Condo Short Sales Inventory was down -0.9% in September from August with 321 properties (16%); however, inventory was up 7% as compared to January.  Closed short sales were down -12.5% in September from August and up 21.7% as compared to January.

The Average Price per square foot for a condo in September was $178.00, down -13.7% month over month and down -24.4% as compared to January.


The Average Days on the Market was down -24.3% in September and down -22.9% as compared to January.  Sales Price versus List Price differential ranges from 84% – 91%.


The Average Closed  Sales Price for condominiums in September was $224.00; down -14.8% from previous month and down -19.1% from January.  The Median Sales Price in September was $166.00; down 8.3% from August and down -7.8% as compared to January.


In September, there were 16.1 months of available condo inventory, up 26.7% from previous month and down -5.2% from January.

As we head into the winter season combined with the weak US dollar, I suspect we will see an influx of foreign investors and 2nd home buyers looking to take advantage of attractively priced condominiums on the sand or near the beach that on average are approximately 40-50% less than they were during the boom years.

The graph below illustrates Average Price For Sale and Average Price of Closed Sales from September 2002 to present day.  As you can see, we are basically back to 2003 prices.  I think we may very well be seeing a leveling off.


Fort Lauderdale Waterfront Homes | Market Report – 3rd Quarter 2010

Fort Lauderdale Homes For Sale | Market Report – 3rd Quarter 2010

For more information about Buying  or Selling Fort Lauderdale Condos, contact me today at 954.850.2397.

Return to Fort Lauderdale Real Estate

October 17, 2010

Fort Lauderdale Homes For Sale | Market Report – 3rd Quarter 2010

Fort Lauderdale Homes For Sale

Third Quarter Market trends for non-waterfront Fort Lauderdale Homes For Sale in Northeast and Southeast Fort Lauderdale; and Fort Lauderdale Beach communities.

Inventory in September increased by 2.5% from August and was up 4.7% from January of this year.  New Listing inventory increased 7.8% month over month and was up 9.5% as compared to January.  Pending homes (under contract)  increased 1.4% from August to September; however, they were down 6.4% as compared to January.   Closed Sales were up 27.7% month over month and were up 53.8% as compared to January!

For Sale/ Sold/ Pending/ New Listing - Non Waterfront

    1 Month   9 Months    
  Aug 10 Sep 10 % Change Jan 10 Sep 10 % Change
For Sale 520 533 2.5% 509 533 4.7%
New Listing 128 138 7.5% 126 138 9.5%
Sold 47 60 27.7% 39 60 53.8
Pending 72 73 1.4% 78 73 -6.4%

Of these figures, inventory for home foreclosures for sale was down 7.9% in September from  August with a total of 35 properties classified as bank foreclosures. However, inventory is up 59.1% as compared to January.  Closed Sales classified as reo bank owned were up 27.3% in September from August and were up 40% as compared to January.

Inventory for Short Sales was up 16.1% in September from August with a total of 108 properties; and up 10.2% as compared to January.  Closed Sales classified as short sales were down 25% in September from August; and were down 25% as compared to January.

The Average Price per square foot for a non-waterfront home in September was $191.00, up 8.6% from August; and up 21% as compared to January 2010.

In September, the Average Days on the Market for a non-waterfront home was 98 days; up 24.1% from August and was down 14% as compared to January.  Sales Price versus Listing Price differential ranged from 89 – 98%.

The Average Closed Sales Price for a non-waterfront home in September was $351.00; up 38.7% from August and was 36% as compared to Janaury.  Median Sales Price in September was $232.00; up 24.1% from August and up 36.5% as compared to January 2010.

In September, there were 8.9 months of non-waterfront  homes for sale, down 19.7% from August; and down 31.9% as compared to January.  Pundits agree that a normal balanced market with regards to inventory is when there are 6-8 months of inventory.

Fort Lauderdale Waterfront Homes | Market Report – 3rd Quarter 2010

Fort Lauderdale Condos | Market Report – 3rd Quarter 2010

For more information about buying or selling homes for sale in Fort Lauderdale, contact me today at 954.850.2397.

Return to Fort Lauderdale Real Estate

September 29, 2010

Janice Gomez | JCG Property Management – Fort Lauderdale

I am happy to endorse JCG Property Management and Janice Gomez.  I’ve worked with Janice for many years and would recommend her without hesitation to anyone looking to hire a property manger for their real estate.

JCG Property provides Fort Lauderdale Rental  Property management services to the investor and/or absentee owner.  JCG Property Management is a full service company working with clients in east Fort Lauderdale and the surrounding neighborhoods.

Service packages start with  concierge preparation for vacation property owners to full management of tenant occupied rentals.

For additional information please visit The Fort Lauderdale Property Management website today and let us professionally prepare or manage your house, townhouse or condominium.

June 21, 2010

Fort Lauderdale Real Estate | Market Report – May 2010

Median Sales Price and number of months of inventory are the numbers to look at for May’s Fort Lauderdale Real Estate Market Report.  In both Single Family homes and condominiums, the median sales price is up 10% from last month and the inventory levels are at 8 and 9 months of supply respectively.  Inventory levels are considered that of a typical balanced real estate market when supply is at 6-8 months.

New Listing Inventory in May reports 1,784 homes came on the market, up 7% from April and up 7% from May 2009.  There were 2,062 condominiums new to the market in May; up 3% from last month and up 1% from May 2009.  Total new Inventory for all property types in May equals 6,076.

Single Family closed Sales in May totaled 746.   This number is up 15% from April and down 4% from May 2009.  Twenty-two percent of these sales were classified as REO bank foreclosures, down 19% from last month.

Average Sales Price for a home in May was $286,496; up 10% from last month and up 11% from same period last year.

Median Sales Price for a home in May was $80,000; up 10% from April and unchanged from May 2009.

Pending Sales (homes under contract) totaled 1,268; up 4% from April and down 6% from May 2009.

Inventory in May reports there are 5,704 homes currently for sale; down 1% from April  and down 27% from May 2009.  Of this May figure, 51% are classified as foreclosures.

Closed Sales for Fort Lauderdale Condos in May totaled 967.  This number is down 6% from April and up 12% from same period last year.  Thirty percent are considered reo bank foreclosures.

Average Sales Price for condos in May was $123,392; down 6% from April and down 10% from May 2009.

Median Sales Price in May was $80,000; up 10% from last month and unchanged from same period last year.

Pending Condo Sales in May totaled 1,459; down 6% from last month and up 11% from May 2009.

Condominium Inventory in May reports there are 8,323 condos/townhomes presently for sale; down 2% from last month and down 29% from May 2009.   Of this May figure, 48% are considered reo bank foreclosures.

For more information about buying or selling real estate in Fort Lauderdale, contact me today at 954.850.2397.

Home buyers can begin their home search by viewing Fort Lauderdale MLS available property listings for sale by price and location.

Fort Lauderdale Market Report – April 2010.

 Return to Fort Lauderdale Real Estate – home page

January 27, 2009

Will South Florida’s Real Estate Market Begin to Rebound in 2009?

Fort Lauderdale Waterfront HomesSouth Florida real estate may be turning around and heading in a positive direction according to several Real Estate analysts, however, not before a possible further 10-15% decline in 2009.

It is important to understand, that South Florida encompasses a large area and many smaller parts; cities, neighborhoods, communities and condominiums, may face less of a decline and rebound sooner.

With huge property inventory levels including foreclosures and short sales, it will take time for these homes and condos for sale to eventually be absorbed.

Once the rebound begins, real estate values should return to realistic sustainable yearly gains of 3-6% instead of the unrealistic gains of recent years, which along with other elements lead to the real estate bubble bursting.

Real Estate will once again return to its inherent value; a home, a roof over your head, a neighborhood, etc., not the get rich quick opportunity.

If you have been patiently waiting on the sidelines searching Fort Lauderdale homes and condos for sale, contemplating a purchase and are planning to stay in the property for at least 5 years, this may now be the perfect time for you to buy.

Buyers can take advantage of rock bottom real estate prices down 30-40% or more, rolled back to 2004 levels.  Interest rates are still at historic lows. First time home buyers including those who have not owned a home for 3 years prior to a purchase may be eligible for a tax credit which is expiring soon.

Do your homework.  As with any great opportunity, the best time to get in for maximum benefit is at the beginning.

For more information about buying a home or condo, contact me today at 954-850-2397 or visit my Fort Lauderdale Real Estate website where you can search the Fort Lauderdale MLS for available homes and condos for sale.

December 11, 2008

Village at Sailboat Bend | For Rent

Village at Sailboat Bend | Fort Lauderdale TownhomeGreat opportunity to rent at the Village at Sailboat Bend community just minutes to everything downtown Fort Lauderdale, Las Olas and beaches.  This 3 bedroom 3 bath 2-story townhome is only 1 of 4 similar townhomes.

This townhouse features a fenced in courtyard, perfect for entertaining, front porch at entry and an open porch off the master bedroom.  Lots of natural light from the many windows, wood flooring throughout, Chef-style gourmet kitchen with granite counters and stainless appliances.

village at sailboat bend townhomeThere are also available condos and townhomes for sale at Village at Sailboat Bend and this community is located in Sailboat Bend, just west of Downtown Fort Lauderdale and east of I-95 and Broward Blvd.

For more information on this rental contact John Sabia at 954-850-2397.

 Return to Fort Lauderdale Real Estate home page

November 12, 2008

Longboat Key Florida Getaway

Filed under: Fun,Real Estate News — Tags: , , — Marc Rasmussen @ 1:41 am

Longboat Key FloridaNeed a weekend away or a change of scenery? I live on the west coast of Florida in Sarasota but periodically get away to the east coast for little rest and relaxation.  If you need a break from life to recharge your batteries take a look at Longboat Key off the coast of Sarasota, Florida. It is about a three and a half hour drive from Ft. Lauderdale.Longboat Key is an 11 mile long barrier island that is surrounded by the aqua blue waters of the Gulf of Mexico and Sarasota bay. Need some peace and quiet? This is a great place to find it. The beaches are not very busy and there isn’t a large public beach access on Longboat Key. You almost have the whole beach to yourself.

Need a little activity? Take a 5 minute drive to Lido Key and hit St. Armands Circle? There are some fun outdoor restaurants, shopping, ice cream shops, bars and other entertainment. You can also drive over into downtown Sarasota to catch a play, see a movie, do some shopping on Palm Avenue in the art galleries, grab a meal, or just window shop in some of the charming stores on Main Street. Longboat Key and Sarasota really is a spectacular place to visit for a long weekend to get away from the hustle and bustle of everyday life.

If you are coming for the weekend you can stay at the The Longboat Key Club, Colony Beach Resort, or the Hilton on Longboat Key. All three resorts are on the beach and allow guest to be within steps of the sand and water. The Longboat Key Club is a resort that offers world class golf and tennis facilities.

Thinking of a second home? I’ve sold beachfront condos to residents of the east coast of Florida because they wanted a weekend getaway. It is nice to hop in the car and be in a similar but different world within ust over 3 hours. Far enough to escape but not so far that you will never use it. If you are considering a second home or to relocate, please visit my Longboat Key real estate page to view a multitude of properties to fit any budget.

November 10, 2008

BloodhoundRealty.com | Unchained in Orlando

Filed under: Real Estate News,Uncategorized — Tags: , — john sabia @ 9:08 am

This past Friday I drove up to Orlando to attend an all day BloodhoundRealty.com Unchained Seminar hosted by Greg Swan and Brian Brady. I have been a member of the community online for some time now and it was a treat to finally meet many of the contributing members in person.

Along with Greg and Brian were several guest speakers; Sherri Chris, Terri Lussier, Kelly Koehler, Mitch Ribak, John Rowles, Sean Purcell and Eric Blackwell sharing ideas on marketing real estate on the internet, IDX and Search Engine Optimization (SEO).

Once common thread among the attendees is that we have all embraced the advantages and the opportunities the internet provides and have broken away from the traditional ways of selling real estate. This escape from the chains that bind makes us Greeks (per Greg).

If you have veered from tradition, you may be Greek as well, and you are in luck because I took a plenty of notes:

The Unchained Epiphany:

  • You are free to thrive
  • You are free to starve
  • But you are NOT free to escape the necessity of making a choice or the result of whatever choice you make

Marketing Real Estate the Bloodhound Way:

When asked what we do for a living, typical responses are:

  • real estate agent
  • real estate adviser
  • consultant
  • specialist
  • and the list goes on…..

In reality we are all those things and more, however, a more fitting response is we are “marketers”. We market real estate for a living.

We should be Present in the moment, Oriented toward our goals and Purposeful (POP). Most importantly, we should be passionate about what we do and that passion should be transparent from the For Sale signs we use to the marketing materials we create for each listing.

MLS is one of the most underused marketing tools because the mls brochure is a chance to not only describe the benefits and features of a home for sale, but also the opportunity to tell a story about the property or the home-owner. Use photos and videos.

This is a golden opportunity to “speak to the buyer” and take the buyer from their present home and get them excited about the new home for sale.

The MLS property listing brochures are primarily seen by other Realtors. Empower them with enough information to sell the home.

Most MLS listings have remarks for the buyer and a separate remarks section for brokers. Use these areas well.

Fliers are another opportunity to “speak to the buyer”. Don’t waste this opportunity with photos of the outside of the home. The buyer is most likely standing in front of the house and can very well see what the exterior looks like. They are more interested in the interior and back yard photos.

Web-blogs

If you don’t have a blog, you need one.

A web-blog:

  • Doesn’t have to be perfect
  • Doesn’t have to be momentous
  • Doesn’t have to be written (video blogs)

But it does:

  • Have to be updated (often)
  • Have to be on-topic

Building a Community through blogging.

What it is:

  • Providing Value
  • Establishing Authority
  • Local Conversation
  • Local Connection

What it is NOT:

  • Business Card Exchange
  • Online Lead Generation System
  • Online Cold Calling
  • Online Door Knocking
  • Growing Links

Getting Started with web-blogging:

Search Google for local blogs in your area to get ideas. Search suburbs and subdivisions. Search often, because new blogs are created all the time. If you find a blog you like, comment on it. Commenting on other blogs with value will lead to other bloggers commenting on your blog.

Google Alerts

  • Set up Google Alerts for your area

Twitter:

  • Tweetscan
  • Twitterlocal.net
  • Tweet solds, listings, community info (from Google Alerts, tweet the link to the news in the community)

Online Forums

  • Local Forums
  • Community Forums
  • Sports Forums
  • Hobby Forums

Its all about connecting

  • People want to know what they write has an impact. Let them know if you are touched by what you read.
  • Find common ground and let them know
  • Build relationships
  • Find Realtor blogs in feeder places for your area

If you are not blogging your listings and sales, you should be. If your blogging efforts are not going toward attracting and working with clients, you are wasting valuable time and squandering your freedom.

Social Media

Social Media began as a platform to meet and congregate. Early platforms of social media were:

  • Dating sites
  • Yahoo IM/ Geocites
  • Yahoo Forums (Groups)
  • IM communities (ICQ)

MySpace entered social media marketing and changed everything.

  • Free advertising supported
  • All about the User
  • Open Access

Social Media evolved into social media marketing whereby an individual or company can use online social platforms to promote a brand and connect with influential customers.

Why Engage in Social Media:

  • It works
  • Connect with past customers
  • Connect with new customers
  • Develop referral/ affiliated relationships
  • Its free (but it is not cheap). Requires a lot of time
  • Your customers are there – (ask them where they are)

Examples of Good Social Media platforms:

  • MySpace
  • LinkedIn
  • Meetup
  • Zillow
  • Facebook
  • Youtube
  • Twitter
  • Yahoo
  • Activerain
  • Gather
  • Tulia
  • RSS
  • Vlog
  • Google Chat
  • Flickr
  • Sharethis
  • Myblog

Most of these sites allow you to create a profile. Create a profile and make sure it is a good one. Most sites allow links back to your website/blog from the profile page. Every bit of this activity will link back to you, (dropping breadcrumbs) enabling potential clients to find you and check you out. Make sure what you are writing is what you would want to say if you were in front of the person. Remember, the internet is forever.

Using Google Adwords

Google Adwords are the sponsored results you see on Google when you type in a search query and google displays a page of results. Usually these results are at the top and right side of the page. When a user clicks on one of those results, the owner of the ad is charged.

This is in addition to the organic results (usually 10) that you also see on the page.

For more basics on Google Adwords you can search Google’s Adword learning center

Google Adword Ads:

  • Have to be concise
  • Have a clear benefit or unique angle
  • Describe an action

Create an ad that is interesting and compelling for something interesting and compelling you have on your site.

Create a list of keywords that are relevant to your ad and your site.

Keyword Selection Theory. Pick Keywords that:

  • Are highly relevant to your ad and your site
  • Have business value – indicate readiness to take action
  • Have high traffic
  • Have low competition
  • Are inexpensive

Your goal with Adwords is to create an ad which is clicked on by users and make sure you are sending the users to a relevant Landing Page. The Landing Page is usually NOT your home page. The Landing Page is the page that is relevant to the user’s search and the ad you created. By doing this well you should receive a high Click Through Ration (CTR) which means your ad is being clicked on often by users and the users are satisfied with the page they landed on.

You improve your CTR by improving keywords and improving ads. A high CTR can lead to a high Quality Score which is Google’s way of rewarding you for creating relevant ads.

Google is all about the user experience. Is the user being directed to a page that is relevant to their search? A high Quality Score may cause Google to serve up your ad more often even if you are not the highest bidder for the keyword term.

Improve Click Through Rate to improve Quality Score. Improve Quality Score to pay less for the same click.

More about Landing Pages

Landing Pages are:

  • Where you send people from your ad
  • Probably have a goal that can be measured
  • Reinforce the scent trail

Best Practices for Landing Pages:

  • De clutter. Less is usually more
  • Consider removing navigation to unrelated items
  • Keep the main focus above the fold
  • Pages are understandable at a glance
  • Reinforce the scent trail – use the same keywords as in the ad
  • TEST, MEASURE, REWORK AND REPEAT
  • Click on your ad – check to make sure it is going to the right place
  • Win the small battles. Go niche
  • Improve Click Through Ratio (CTR), improve Quality Score and pay less
  • Monitor your campaigns
  • Simplify and TEST

Lead Capture

  • Landing pages can be set up to be city specific or neighborhood specific
  • You should always have some form of capture on your Landing Pages
  • Most agents and brokers just use the site’s homepage as their Landing Page. This just makes it harder for the user to find what they are searching and even harder for them to give you their contact information
  • Quality Landing Pages will increase your capture rates (Adwords)
  • Landing Pages should utilize “simple navigation”-allowing users to easily navigate around the site

Forced Registration

  • Requires user to register prior to viewing any mls listings
  • Great for capturing leads
  • Ability to capture enough information to help Lead Conversion Rates
  • Creates a large volume of leads to work
  • Cost per leads (Adwords) potential to be low (higher conversion rate)
  • Business is predictable

Unforced Registration

  • Does not require user to register prior to viewing listings
  • Few leads as a result
  • Leads received are usually good because the user initiated contact
  • Cost per leads high (Adwords) (lower conversion rate)
  • Business is not predictable

Information needed to help convert leads to customers for life

  • Name, email and telephone number (telephone number can be optional)
  • Landing page should be city related to help understand customer’s needs. This gives you the ability to set up search defaults
  • Questions such as: How soon are they buying? Do they have a home for sale? Are they interested in financing?

Lead Capture Forms

  • Dream Home Finder
  • Market Analysis Report
  • Automated Listings service
  • Free Home Buying and Home Selling Guides
  • Relocation Packages
  • Ask the Realtor

Lead Capture Summary

  • Good Landing Pages are essential
  • Forced Registrations provides more leads
  • Collecting the proper information will allow for stronger lead conversions
  • Use strategic questions in your Lead Capture Forms

The Step by Step Process and Time Frame of 100 MPH System

  • Lead Comes in
  • Auto Responder email – immediately
  • Lead Assigned – as quickly as possible
  • Thank you Letter from Agent – within an hour of receiving lead
  • Agent sends list of properties – within an hour or two after sending thank you letter
  • Agent places lead into listings update system – upon sending list of properties
  • Agent places lead into database and drip campaign – upon sending list of properties
  • Agent contacts lead – No later than 24 hours after lead has been received

First phone call:

  • Build rapport
  • Determine search criteria
  • Determine time frame
  • Determine why they are moving
  • Discuss follow up schedule

After First Call

  • Redo listing update with proper search criteria
  • Send customer new list of properties – thank them for their time
  • Set call back reminders for follow up

Drip Campaigns

  • Campaigns should not be fluff, they must have a purpose
  • Campaigns should be short and concise
  • Customers are receiving nightly listing updates, you don’t need to bombard them with non-stop campaigns
  • Do not overwhelm customers with useless information
  • Monthly newsletter
  • Just checking in letter every 6 weeks

Other Drips

  • School information
  • Important phone numbers
  • Guarantee (if you provide one)
  • Things a Realtor does for you

Phone Call Schedule

  • Follow up phone calls are the difference between getting sales and becoming highly successful
  • Follow up calls are based on customer’s time frame
  • If a customer is buying in a year or so – Call once every 2 months
  • If a customer is buying between 6 months to a year – Call once every 6-8 weeks
  • If a customer is buying within 3 to 6 months – Call once every 4-6 weeks
  • If a customer is buying within 3 months – Call them every 3-4 weeks
  • If a customer is buying within 1 month – Call them weekly
  • Adjust schedule to suit customers needs

Search Engine Optimization – SEO

Correct Principles & Easy Basic Steps for SEO

  • What Search Engines Want
  • How to give it to them while maintaining your integrity
  • Content should be geared towards users, NOT Search Engines

The Basic Principle – Search Engines Crave Relevance

Relevance can be described as:

  • Timely
  • On subject
  • Written by authority

How Does Google Determine Who is Authority?

  • If everyone likes you (especially a site with authority) gives links to you, you must be adding value. Adding value over time creates authority
  • Search Engine spiders can determine quickly if your site is timely. Update often
  • How much text is required for Google to understand if your site is relevant? Not much!

Your site should be Search Engine Friendly

  • Make it easy for the spiders to get to your site and navigate the pages

SEO – Basic Steps

  • Title Tags Essential
  • Appropriate use of content H1 tags
  • Don’t keyword stuff
  • Write for the audience, but with SEO in mind
  • Don’t worry about domain names
  • Don’t worry about how many pages you need in order to rank

The Link Builder’s Toolkit:

  • FireFox
  • SEO for Firefox
  • Yahoo Site Explorer for Quick Analysis
  • MajesticSEO.com for a deeper look (new)
  • Josse DeValk’s plugins and tools
  • Yoast.com/seo-tools/
  • Check rankings manually
  • Avoid automated link builders

Prioritizing Your Time Spend Choosing Online Communities:

  • All online communities / social networks are NOT created equal
  • Are they a competition? Could they be?
  • Value (Quality of Links) (how do they RANK?)
  • Stability (Quality of Community Builder)
  • Growth (Steady flow of new members)
  • Ability to connect to end consumer – either from ranking or via another source of traffic
  • Anchor text control
  • Squidoo – (example of good online community)
  • Realestatewebmasters (REW) (example of good community)
  • BloodhoundRealtyblog (example of good community)

Blogging Platforms:

  • Use them to RANK as opposed to just linking
  • Great for Less Competitive generating terms
  • Create internal links to your blog or profile page by using links on the other internal pages of the platform
  • Follow Terms of Service (TOS)

Using a Blog to Get and Keep Connected in High Places

  • Blog posts on different platforms to gain placing (be diversified, but relevant)

Blogging Relationships:

  • Blog posts on multi-author blogs versus Article Submission
  • Relationships matter in the blog world

Interesting NEW Ways to Build Online Authority:

  • Local Multi Author blogs
  • Online News magazines
  • Online Business Guides
  • Online LOCAL newspapers

Relationships (links):

  • How does Google find Authority Sites? Links
  • How does Google know what the authority is an authority in? Anchor text, on page characteristics of the linking page and domain
  • Does of age of links matter? yes.
  • Does age of domain matter? probably not, however, the age of links pointing to the domain does matter.

SEO In conclusion:

  • Building relationships online over time will be much more rewarding than trying to game the system. Authority takes time to achieve, but if you are caught gaming the system, it takes only a second for Google to respond by de-indexing your site.

IDX – Internet Data Exchange

Since I already have an IDX on my site, I did not take notes. From what I remember, John’s IDX product uses Google technology matched with the searcher’s query to display property listings. For more detailed information, click on John Rowles’ name above.

In closing, the Bloodhound Unchained was exceptional and exceeded my expectations. I wish to thank Greg and Brian for hosting the event (especially in my backyard) and to all of the guest speakers who made the event the success it was.

October 20, 2008

Sarasota Association of Realtors® attacks Marc the Realtor®

A Realtor friend of mine in Sarasota has recently faced an aggressive legal battle launched at him by the Sarasota Association of Realtors®, (SAR) of which he is an active member, because of the use of “mls” in his website address.

The use of “area mls” in a Realtor’s website address was widely recommended in a 2002 article written by “Mr Internet” in a publication by the National Association of Realtor’s® (NAR).

Marc Rasmussen, a Sarasota Real Estate Agent, purchased his website address “thesarasotamls” back in 2003 based largely on the advice he read in the article and when marketing real estate on the internet was in it’s infancy.

Mark continued to spend numerous hours and thousands of dollars over the next 5 years creating and improving what had become the number 1 Sarasota Real Estate website and was rewarded for his efforts by achieving high rankings in the internet search engines.

A recent change in Article 12 of the National Association of Realtors® Code of Ethics, now allows local Realtor® Associations at their sole discretion to determine if their members are permitted to use the term “mls” regardless of how long they have used it and especially with disregard to the recommendation featured in the Mr Internet article.

It should be pointed out that “mls” is not a trademark of any Realtor® Association, instead the trademark for Major League Soccer (MLS). The public has also come to know mls as a common everyday term for real estate property listings.

However, it was prior to this change in the ethics code that the Sarasota Association of Realtors® decided to take legal action against Marc, apparently in an effort to shut his website down. A website that was highly respected for doing what a real estate website should do, provide consumers with real estate information and real estate property listings.

Morgan Carey, the web designer for Marc explains in detail in his blog post Help us Fight the Sarasota Association of Realtors® , the legal action which began with an ethics complaint against Marc filed by SAR (Sarasota Association of Realtors®) for which Marc was cleared of any wrong doing.

This is where I and many others believe SAR® went too far crossing the line. The Association, rather then accept this ruling, continued action against Marc outside the scope of an ethics complaint, in a legal maneuver, brought their argument to the Internet Corporation for Unassigned Names and Numbers (ICANN) – which as you will read below, has nothing to do with ethics.

ICANN mission statement

In a split decision, ICANN ruled in favor of the Sarasota Association of Realtors®.

Marc has filed a lawsuit in Federal court against the Sarasota Association of Realtors® to allow him to maintain control over the old website address (domain name thesarasotamls.com). Marc has already redirected the old address to his new website address.

By allowing Marc to maintain control over the old domain and through the redirect to his new website will preserve the past 5 years of hard work and maintain the authority Marc’s old site had gained and avoid Marc having to start all over again.

There has been an enormous outpouring of support for Marc from fellow Realtors® across the country and a barrage of protests against the Sarasota Association of Realtors® has now put this issue into the lime light. They have an opportunity to do the right thing, bring this to a close and allow Marc to remain in control of the old domain.

If they continue to force Marc to surrender the website address to SAR®, than in my opinion, as shared by many others, this was never about ethics, nor an action to protect the consumer. Rather a contemptuous action far more rooted in taking down a Realtor’s® website possibly because of jealousy or envy.

Read the linked articles, and you decide.

To list your article here, email me or post in comments.

To voice your support for Marc, contact the Sarasota Association of Realtors®

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