How To Call An Interested Seller (CFFL 524)

Transcript:

Jack:                      Jack Butala with Jill DeWit.

Jill:                          Hey there!

Jack:                      Welcome to our show today. In this episode, Jill and I talk about how to call an interested seller back. Man, this is so important, and I'm looking forward to it, because I want to hear from the expert, Jill.

Jill:                          Thank you very much.

Jack:                      Before we get into it, let's take a question posted by one of our members on the LandInvestors.com online community, it's free.

Jill:                          OK, this is a little bit lengthy one, so I'm gonna preface that. So, new member here, in our group, Shammgod. This is [inaudible 00:00:32], shares. "Agreed on my first deal today. I figure I'd post it here, just to write out my thought process and so that if I'm missing anything, someone will hopefully correct me.

Details: Seller and his father are both on the deed. He sent me a copy. I couldn't locate it exactly on the map, but agreed on a price way below anything on the market."

Jack:                      Red flag.

Jill:                          "I talked to the recorder and they verified things, and talked to the treasurer and the taxes are good."

Jack:                      This is good.

Jill:                          "Next steps: getting them a contract. I'm planning on sending them a small deposit because I don't think it's valid without one."

Jack:                      Not necessary.

Jill:                          I would just say weird.

"This is a small deal so I'm planning on doing title myself."

Jack:                      Awesome.

Jill:                          "I think that I need to get notaries for both the father and son because they live in different states."

Jack:                      Yes. This is boring.

Jill:                          It's distracting.

Jack:                      It's distracting, am I stealing your thunder?

Jill:                          Just a tad.

Jack:                      It's sad?

Jill:                          Just a tad. No, you are, like every time I take a breath.

Jack:                      Are you sad today?

Jill:                          It's like darn don't pause, Jack's gonna throw something in there.

Jack:                      Jack you're sad.

Jill:                          I'm not sad.

Jack:                      Jack, you're a sad little real estate investor.

Jill:                          I'm just trying to share a story. Can I just share a story?

Alright, where was I?

Jack:                      "My biggest question..."

Jill:                          Oh shoot, no I'm sorry wait, I totally, as we say that I just lost my place. Wait, wait, wait, wait, wait.

Jack:                      "My biggest question..."

Jill:                          OK, "my biggest" ... do you want to finish this?

Jack:                      "My biggest question around title or having the notary hand them the cheque is-"

Jill:                          Too bad. [inaudible 00:02:19] I want to be Jack, this is good.

Jack:                      "My biggest question around title or having the notary hand them the cheque is, what if I mess something up on the deed and I find out afterward it wasn't done correctly?"

Jill:                          Boo hoo.

Jack:                      "The seller would have already had the money."

Jill:                          Uh-oh.

Jack:                      Oh my god, sound effects Jill.

Jill:                          Well this is what it's like.

Jack:                      "I feel like there's probably a step here where I should make sure this doesn't happen if we're using a title company. That's a ... you know ... but I'm not sure what it is."

Jill:                          Alright, I'm taking back over. "What's the play there?