Comments on: $1 Million Real Estate Coupon – Thinking Outside The Box http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/ Real Estate Blog, Mortgage, and Development News Sat, 20 Mar 2010 11:25:08 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Mark Green http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/comment-page-1/#comment-385282 Mark Green Fri, 12 Jun 2009 12:13:58 +0000 http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/#comment-385282 Fun story, I wonder if someone down there's accepting competitors' coupons? :) Fun story, I wonder if someone down there’s accepting competitors’ coupons? :)

]]> By: Imobiliare Ploiesti http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/comment-page-1/#comment-383640 Imobiliare Ploiesti Mon, 08 Jun 2009 16:45:58 +0000 http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/#comment-383640 Great method. But not for normal homes... Great method. But not for normal homes…

]]> By: Real Estate Roundup - Week 23 http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/comment-page-1/#comment-383351 Real Estate Roundup - Week 23 Sun, 07 Jun 2009 22:39:15 +0000 http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/#comment-383351 [...] $1 Million Real Estate Coupon - Thinking Outside The Box by Tom Royce at The Real Estate Bloggers [...] [...] $1 Million Real Estate Coupon – Thinking Outside The Box by Tom Royce at The Real Estate Bloggers [...]

]]> By: TinaH http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/comment-page-1/#comment-382948 TinaH Sat, 06 Jun 2009 11:28:28 +0000 http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/#comment-382948 Just wanted to say thanks for your interest in this fun story! Just wanted to say thanks for your interest in this fun story!

]]> By: Inchirieri apartamente http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/comment-page-1/#comment-382609 Inchirieri apartamente Thu, 04 Jun 2009 07:56:29 +0000 http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/#comment-382609 The idea is brilliant and I think it follows more advertising than cut down price ...and this coupon it is likely to remain in history even if the selling will take some time. The idea is brilliant and I think it follows more advertising than cut down price …and this coupon it is likely to remain in history even if the selling will take some time.

]]> By: Charlotte Properties http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/comment-page-1/#comment-382317 Charlotte Properties Wed, 03 Jun 2009 03:11:18 +0000 http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/#comment-382317 That is an awesome idea! I know we are certainly having to become more creative in the challenging market. Good news is things are starting to look up! That is an awesome idea! I know we are certainly having to become more creative in the challenging market. Good news is things are starting to look up!

]]> By: Tom Royce http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/comment-page-1/#comment-382192 Tom Royce Tue, 02 Jun 2009 15:52:04 +0000 http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/#comment-382192 Jerry You are right on a macro level, but what I like is that the seller and their agent have created awareness of the house. Since we all know that buying a home is one part logical and 3 parts emotional, you have to be aware of the house before you will know you want it. That is why this promotion works. Of course buyers will see through the coupon idea, but it allows suckers like me to report it and spread the word. That is the magic of the idea. Jerry

You are right on a macro level, but what I like is that the seller and their agent have created awareness of the house. Since we all know that buying a home is one part logical and 3 parts emotional, you have to be aware of the house before you will know you want it. That is why this promotion works. Of course buyers will see through the coupon idea, but it allows suckers like me to report it and spread the word. That is the magic of the idea.

]]> By: Jerry Wilkins http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/comment-page-1/#comment-382186 Jerry Wilkins Tue, 02 Jun 2009 15:35:26 +0000 http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/#comment-382186 Interesting concept, but there is a better way. Obviously the property is not worth $7 mil. So there is a better way to do it. Offer the property at Auction for $ 5.5 Mil. And let qualified buyers bid the property up. If it is worth it then they will get more. The auction could be in 30 days and close in 20 days... The psychology of coming down will only cause more blood in the water. The buyers are going to want more. The people who have millions of $ to buy houses with aren’t real stupid and they didn’t get those millions by buying with coupons. They are now looking for a deal. Interesting concept, but there is a better way. Obviously the property is not worth $7 mil. So there is a better way to do it. Offer the property at Auction for $ 5.5 Mil. And let qualified buyers bid the property up. If it is worth it then they will get more. The auction could be in 30 days and close in 20 days…
The psychology of coming down will only cause more blood in the water. The buyers are going to want more. The people who have millions of $ to buy houses with aren’t real stupid and they didn’t get those millions by buying with coupons. They are now looking for a deal.

]]> By: Tom Royce http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/comment-page-1/#comment-382021 Tom Royce Mon, 01 Jun 2009 23:06:58 +0000 http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/#comment-382021 I thought so too, Al. But I could see this working well on a local basis and getting some media if you play it right. Offer a 20,000 dollar coupon on a 200,000 house? Limited time offer? It has worked for Madison Avenue all of these years, why not housing. I thought so too, Al. But I could see this working well on a local basis and getting some media if you play it right. Offer a 20,000 dollar coupon on a 200,000 house? Limited time offer?

It has worked for Madison Avenue all of these years, why not housing.

]]> By: Al Lorenz http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/comment-page-1/#comment-382014 Al Lorenz Mon, 01 Jun 2009 22:13:21 +0000 http://www.therealestatebloggers.com/2009/06/01/1-million-real-estate-coupon-thinking-outside-the-box/#comment-382014 Great tactic! It looks like it is generating the media response that is always hoped for! Great tactic! It looks like it is generating the media response that is always hoped for!

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