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WCI Communities, Florencia & A Smokey Smell

By
Real Estate Agent with Downing-Frye Realty, Bonita Springs, FL 676419

One of the google alerts that I always get is for anything that has to do with WCI Communities.  They're based out of Bonita Springs so I get a few per day.  If you don't know who WCI communities is, they're a publicly traded home building company with a whole set of issues to big for this little blog.  Today, a friend of mine in Central America sent me this link to a Yahoo message board.  If you're following the slow death of WCI or you're a share holder, Behold!  I give you: 

(Pssst. There are huge "price recuctions" in the WCI community on the Florencia building Florencia at The Colony Price Reductions

The insights of a former employee (not me): 

Notwithstanding my eighteen years and nearly $200,000,000 in new home sales, I want to thank WCI Communities for teaching me how little I really know about sales and marketing and the homebuilding business.

Thank you for teaching me that sales exists to support marketing, not the other way around.

Thank you for teaching me that advertising is not the way to drive traffic to a community.

Thank you for teaching me that it is prudent to spend millions of dollars to create a magnificent sales environment and to insure that no one visits it by not actually promoting it.

Thank you for teaching me that an effective marketing campaign should target people hundreds of miles away from the community I am trying to promote.

Thank you for teaching me that billboards should direct traffic away from my community.

Thank you for teaching me that an effective sales center needs flat screen televisions, fresh baked cookies and case upon case of mandatory designer labeled water on hand but does not require actual customers.

Thank you for teaching me that when an organization advertises, it is most effective to insure that prospects do not actually call the community itself or speak to a sales person. They should always contact a third party within the company, who after much rapport building may or may not allow the customer to speak with an actual sales person.

Thank you for teaching me to never solicit input from a sales team.

Thank you for teaching me that a person who has been in the system for five years without buying anything is actually a HOT prospect.

Thank you for teaching me that marketing should always publish information to the public before sharing it with the sales team.

Thank you for teaching me that a visit from the marketing team is not really about developing synergy, it is actually about raining a @#$% storm of condescension and negativity down upon all of the people that they meet, most of whom were enjoying an otherwise a crisp, clear, positive and sunny day.

Thank you for teaching me to count be backs as new visitors to an event so that marketing appears to be effective and my conversion rate tanks.

Thank you for teaching me that value engineering a product is really about adding cost to a house.

Thank you for teaching me that having three or more people make simple decisions is the best way to arrive at a conclusion.

Thank you for teaching me that it is better to hold a company's stock at $3 per share than to sell it for $22.

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Comments (9)

Sharon Simms
Coastal Properties Group International - Christie's International - Saint Petersburg, FL
St. Petersburg FL - CRS CIPS CLHMS RSPS
Chris - a couple of days ago I had an e-mail from a client in California who owns some WCI properties in Tampa where WCI is still developing and selling, asking me if it was true that WCI was declaring bankruptcy and what effect that would have on his homes. Maybe news as well as trends starts in California.
Jan 16, 2008 10:30 PM
Chris Griffith
Downing-Frye Realty, Bonita Springs, FL - Bonita Springs, FL
Bonita Springs Listing Specialist - Agent
Mike, I don't make the news I just report it.  Sharon, I am just an observer!
Jan 16, 2008 10:32 PM
Fran Gaspari
Patriot Land Transfer, Inc. - Limerick, PA
"The Title Man" - Title Insurance - PA & NJ

Chris,

Sounds like you really learned a lot from that company...BTW, you're using the word 'smell' too much in your posts...you really need to cut back!!! LOL Thanks,   Fran

Jan 17, 2008 02:18 AM
Herb Hamilton
RE/MAX Preferred Inc. Realtors - Portland, OR
Real Estate Broker ,CDPE, Downtown Portland

But of Course the absolute best way to assess a companys strength is to ask them. They will be more than happy to lay it all out in the open for you as to why they are the best thing since sliced bread.

Or maybe not.

I have found over the years that the demise of almost any organization is a product of the egos that propelled them to success in the first place. The more successful they were the more they believe in the hype there spinning and the less they are willing to listen to outside advice.

Jan 17, 2008 03:03 AM
Lisa Hill
Florida Property Experts - Daytona Beach, FL
Daytona Beach Real Estate
Whoa. Sounds like you've been following them pretty closely. That's a great idea, putting them in your Google alerts. I'll have to think about who I want to spy on. LOL!
Jan 17, 2008 03:12 PM
Anonymous
The Real Deal

This is a brilliant post...thank you. WCI was once a company we all looked up too. They now are a now a disgraceful sinking ship. Ever since "Home-building" took over the company its been nothing but down hill. This David Fry character is a joke. Tim Oak is just a dumb unpolished construction guy if that. And there is some current news for you!!! WCI is now involved with the "Chinese Drywall" issue! Great job guys! 

Jan 29, 2009 11:33 AM
#8
Anonymous
The Real Deal

This is a brilliant post...thank you. WCI was once a company we all looked up too. They now are a now a disgraceful sinking ship. Ever since "Home-building" took over the company its been nothing but down hill. This David Fry character is a joke. Tim Oak is just a dumb unpolished construction guy if that. And there is some current news for you!!! WCI is now involved with the "Chinese Drywall" issue! Great job guys! 

Jan 29, 2009 11:33 AM
#9
Anonymous
Top Gun

David Fry sends an email saying they have had to trim the size of the company, but has kept the best. What a joke this man is! You have kept the best in your own opinion. Your current team was designed by the joke of the company and that is you and the SW Homebuilding folks. Get real Mr. Fry! You should be investigating Mr.Tim Oak for his part in the Chinese Drywall issue, another great decision by your A-Team!

Jan 30, 2009 06:20 AM
#10
Chris Griffith
Downing-Frye Realty, Bonita Springs, FL - Bonita Springs, FL
Bonita Springs Listing Specialist - Agent