Is it Wrong to Send Low Value Offers to Owners (LA 1004)

Transcript:

Steven Butala:                   Steve and Jill here.

Jill DeWit:                            Hi.

Steven Butala:                   Welcome to The Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.

Jill DeWit:                            And I'm Jill DeWit, broadcasting from sunny, Southern California.

Steven Butala:                   Today, Jill and I talk about, is it wrong to send low value offers to owners?

Steven Butala:                   Is it?

Jill DeWit:                            This is hilarious.

Steven Butala:                   You know, you might offend somebody.

Jill DeWit:                            That's so funny. I'm allowed to say-

Steven Butala:                   Somebody might get angry with you about receiving an offer that's not up to their expectations. You might inconvenience somebody and put a little dent in their day.

Jill DeWit:                            How is that possible? You're not inconveniencing anybody, seriously. So, I have a lot to say.

Steven Butala:                   Out of all the stuff I own, cars, motorcycles, boats, I would love... this is an open invitation, for anyone to send an offer on any of that stuff. I'd be happy to talk about it with you, all my stuff's for sale.

Jill DeWit:                            Right.

Steven Butala:                   Before we get into it... I have a feeling though you-

Jill DeWit:                            I have some stuff I'm holding back.

Steven Butala:                   You and I have a... yeah, have pretty close the same opinion on this.

Jill DeWit:                            Yep.

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

Jill DeWit:                            [Jeff S. 00:01:14] asks, there are few operations... I'm thinking about... there are few operations to get a deed signed and recorded and I'm curious, what type of mail you guys pay for and why?

Jill DeWit:                            That's [inaudible 00:01:27] okay.

Jill DeWit:                            Do overnight, priority, certified, when sending to a notary, from the notary, to the county and back. Do you fold the deed up or put a big paper-sized envelope? Thank you.

Steven Butala:                   So, you know Jill, this is one of those questions that... and I hand picked this question for this show. It's a tiny little detail that I think... it's a combination of all these little details in this business that freak people out.

Jill DeWit:                            Right.

Steven Butala:                   So-

Jill DeWit:                            Do you want me to share?

Steven Butala:                   Yeah, walk us through.

Jill DeWit:                            Okay.

Jill DeWit:                            So, the first thing when I'm mailing somebody we've negotiated the transaction and I've a notary coming to Mister or Misses Jones's house, on Tuesday and I got to get the documents to the notary. I can't just email her an attachment, have her print it out, which I do as a backup, because there's a payment involved. So there's going to be an envelope going out.

Jill DeWit:                            So first thing I do is I speed... time kills deals, we've talked this. So, I do overnight it and I do want to arrive the next day. So, let's say it's Monday and I'll set up the signing for Thursday, just in case, right? So, Monday to have the envelope arrive, Tuesday in case there's a goof-up, I have Wednesday, and then they're going to do the signing on Thursday. But I do spend for the overnighting of it.

Jill DeWit:                            Then... and I do USPS it's thirteen dollars, I want to say. I use the full size, I don't fold it up I put it in a manila envelope. The deed and an envelope inside there that says, at signing,