Recently, I’ve been approached by several residential real estate franchise brands to have Ford Realty (aka Bostonreb.com) to join their company. It seems that they all claim to have the largest market share and the best real estate “brand.” I was told that If I join their franchise my profits will soar. So I did a little research:
Here are the candidates for the most prominent residential real estate franchise brands of 1989.
9.Gallery of Homes
10.Better Homes and Gardens
The candidates for the most prominent residential real estate franchise brands of 2009 are:
4.Keller Williams Realty
5.Prudential Real Estate
8.Sotheby’s International Realty
9.GMAC Real Estate
So I was wondering: With the web 2.0, social networking and Google search, is it even necessary to join a real estate franchise? Other thoughts:
1. Will the three brands that have dominated for the past 20+ years maintain their stronghold, i.e. RE/MAX, Coldwell Banker and Century 21?
2. Will newcomer Keller Williams Realty, which surged into the top five, be able to continue its rise and unseat one of the top three established brands? If yes, who will be the one to lose its top 3 ranking?
3. Twenty-year-plus top brand ERA has for the first time dropped out of the top 5. Is this a sign that they will continue a downward slide and ultimately out of the top ten? BTW they like to call me … a lot.
4. Will companies such as Realty World, Red Carpet and Help-U-Sell, which dropped off the top ten and are staging a comeback, be able to regain their former top ten status?
5. There and numerous new franchise brands such as Weichert Realty, Assist-to-Sell, ZipRealty and Redfin. Will they be ranked as one of the top 10 real estate brands next year.
6. Will discount real estate companies like Redfin & ZipRealty be the new trend? And can a blog/real estate service like me survive?
When all is said and done, it’s all about what you the consumer thinks. And based on my research only 3% of buyers select a real estate company based on a real estate brand name.
So for now, I’m just John Ford, from the Boston Real Estate Blog, without a brand.
File Under: The unknown brand broker.