Doing some research on backyard subdivisions for a strategy I have in mind and came across this company thats make me cringe.
http://www.sellyourbackyard.com.au/default.asp
Basically if you have a backyard that is big enough to be subdivided, they will buy your backyard from you, subdivide it, develop it and sell it.
Why is this so cringeworthy? Because the seller is wasting soooo much opportunity while this company benefits from the sellers, ignorance, laziness and/or inability to wait 1-2 years for financial benefit.
These are some of the excruciating expressions/phrases they use to convince people to part with their backyard
-"We invest so you don't have to invest your time, money, blood sweat or tears!"
-"turn your backyard into cash without the risk, stress and financial burden"
-"You've worked hard, made a good investment now it's time to REWARD YOURSELF. " (particularly horrible)
-"you want to invest some time and money back in to yourself, maybe your dream car, travel, a boat..." (almost as bad)
-"You might be someone that doesn’t want to work for your property, but wants your property to work for you." (ironic)
-"The Sell Your Backyard Team takes care of every aspect of the subdivision application, leaving you free to use your expertise and experience in your chosen field and have fun in your free time. "
From what I can see, they provide a great service IF
-you want quick easy money
-too lazy to do some research and employ some professionals
-don't get delayed gratification
-have no interest building wealth or financial security
I understand if you don't have the finances to support a development but seriously, how hard is it to employ a good planner, draftsperson, architect etc etc, subdivide the property and at the very least, sell the back lot with just plans and permits after 1-2 years and make a decent profit???
As for the company itself, I don't think their business strategy is ethical but very creative, probably lucrative and plenty of fools are out their willing to part with their assets so negative kudos to them.
What is every one else's take on this?
http://www.sellyourbackyard.com.au/default.asp
Basically if you have a backyard that is big enough to be subdivided, they will buy your backyard from you, subdivide it, develop it and sell it.
Why is this so cringeworthy? Because the seller is wasting soooo much opportunity while this company benefits from the sellers, ignorance, laziness and/or inability to wait 1-2 years for financial benefit.
These are some of the excruciating expressions/phrases they use to convince people to part with their backyard
-"We invest so you don't have to invest your time, money, blood sweat or tears!"
-"turn your backyard into cash without the risk, stress and financial burden"
-"You've worked hard, made a good investment now it's time to REWARD YOURSELF. " (particularly horrible)
-"you want to invest some time and money back in to yourself, maybe your dream car, travel, a boat..." (almost as bad)
-"You might be someone that doesn’t want to work for your property, but wants your property to work for you." (ironic)
-"The Sell Your Backyard Team takes care of every aspect of the subdivision application, leaving you free to use your expertise and experience in your chosen field and have fun in your free time. "
From what I can see, they provide a great service IF
-you want quick easy money
-too lazy to do some research and employ some professionals
-don't get delayed gratification
-have no interest building wealth or financial security
I understand if you don't have the finances to support a development but seriously, how hard is it to employ a good planner, draftsperson, architect etc etc, subdivide the property and at the very least, sell the back lot with just plans and permits after 1-2 years and make a decent profit???
As for the company itself, I don't think their business strategy is ethical but very creative, probably lucrative and plenty of fools are out their willing to part with their assets so negative kudos to them.
What is every one else's take on this?