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You can call them whatever you want, they are still Land Sharks!

By Lyn Sims

Real Estate Agent

September 16, 2020 12:31 PM

Land shark knocking at your door! I still remember vividly the skit on Saturday Night Live. But in the real estate world, there are plenty of sharks out there to be wary of. Let's just talk about a new group of 'real estate disruptors'.

I-BUYERS

They can't wait to turn the real estate market upside down but really, they just want entry into your wallet. I-Buyers are companies that come out & buy your home in any condition but offer a quick close. Most of the time no repairs need to be done by the seller.

Seems almost perfect doesn't it?

But underneath what is going on? That company is taking advantage of your need for the quick fix. I don't want the hassle is going to come with a price. I can't stand the emotional connection with selling Mom & Dad's house is going to come with a price.

It's hefty & in my experience I've seen it vary a lot. Each time I've investigated one of these I-buyers sales I can't believe what these companies have bought them for.

A recently published post said the land sharks sales, oh I mean I-Buyers, have dropped 88% for the 2nd Quarter of 2020.

That's a good thing for consumers on the whole. No, I am not going to name names & give these guys any advertising or mention. The real estate sector is booming & these guys can't get in on the game.

Good.

If you list & market your home through me, I will get you every dollar possible & in a reasonable market time. No shark suit here.

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Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Lyn,

Good post. We have watched this kind of stuff appear and disappear as time goes one. And yes, the consumer is usually at a disadvantage...No need to name names, we all know who they are...A

Sep 16, 2020 12:51 PM

Michael Jacobs

Pasadena, CA
Lyn Sims

Schaumburg, IL

Michael Jacobs

Pasadena, CA

Pasadena And Southern California 818.516.4393

Hello Lyn - A classic SNL sketch! The reality of snake oil sales in many varieties is a part of real estate and real life that reminds us that being/staying aware is a good part of life.

Sep 16, 2020 02:25 PM

Lyn Sims

Schaumburg, IL

Kathy Streib

Cypress, TX

Home Stager/Redesign

Hi Lyn- I too thought of the classic SNL skit. Larry and I were talking about something like this today. A friend sold his home to move closer to family and we were hoping that someone was there to guide him through this and not someone who would take advantage of him.

Sep 16, 2020 06:14 PM

Lyn Sims

too many people opening up that will take advantage of people I think. But if you want it quick with no work, maybe this is the way for you but you won't be even close to top dollar.

Sep 17, 2020 10:57 AM

Endre Barath, Jr.

Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA

Realtor - Los Angeles Home Sales 310.486.1002

Well said Lynn, I have 20 listings and most of them are vacant lots in California so I could write a book not a post on how many different calls I get that match your description "land sharks" Endre

Sep 16, 2020 11:44 PM

Brian England

Ambrose Realty Management LLC - Gilbert, AZ

MBA, GRI, REALTOR® Real Estate in East Valley AZ

It saddens me that they have scammed so many people and the scam is so good they even have people thinking that they got a good deal, haha.

Sep 17, 2020 06:53 AM

Sheri Sperry - MCNE®

Coldwell Banker Realty - Sedona, AZ

(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Lyn Sims,

I see these commercials all the time and it makes my stomach turn. These are the type of operators that give REALTORs® a bad name.

Sep 17, 2020 08:58 AM

Barbara Todaro

Retired...Mentoring Newbies - Franklin, MA

Previously Affiliated with The Todaro Team

Hi Lyn Sims what a great topic and, of course, well written post....

homeowners in your area should be calling and thanking you for educating them on the "land sharks".... and in the same breath as the thank you should be "I want you to list my home".......

Sep 17, 2020 09:07 AM

Patricia Feager

Flower Mound, TX

Lyn Sims - They are worse than ambulance chasers! Their motive is always the same - to take advantage of the most vulnerable.

In your market area, you're the best hawk eye when it comes to predators. You always look out for your clients respectifully and honorably. In Lyn, I trust.

Sep 27, 2020 05:52 PM

Lynnea Miller

Bend Premier Real Estate - Bend, OR

Premier Real Estate Service in Central Oregon

Hi Lyn Sims . I am always upset at those who take advantage of others. Good post and important topic to think about.

Oct 09, 2020 02:01 PM

You can call them whatever you want, they are still Land Sharks!

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