Hello,
Real Estate seems to be running into a lot of trouble as of late, particularly with marketing. Many agents, homeowners, etc., are struggling to find the mos efficient medium to advertise in.
I encourage specificity. Radio is a tough tool, one I typically abstain from. It has less science and quantification capabilities than others.
Here is What I Recommend:
1) Determine whom you are marketing to; are they dirt poor, are they rich? For each property, I recommend figuring out what a property's potential buyers subscribe to, what rallies they attend, where they socialized, etc., then sticking an advertisement where they will notice. The local newspaper is also a good idea.
2) Train or recruit a copywriter of good caliber. There is nothing like a "double" sales tactic: one written, one spoken. Heck, if you have
really good copy and a wide-circulation target specific medium, you might just rake in the money.
3) You mentioned local, which may be tough. Does your local market have enough residents to qualify your property value?
4) Set-up a newsletter and/or "This Month's Special" or property listing updates. If you acquire enough subscribers,
someone will see a house they like, or mention it to someone who would be interested. You also create long-term customers this way.
*Is It Cost-Effective*?
Advertisements, especially in magazines, can be expensive. It is therefore your responsibility to determine if you have the right market. However, if you receive your return on investment, the initial expense is nothing. I have seen paper and magazine ads between $200-$2000.
Regards,
A.R. Suarez