Mailer Pricing with Zillow Trulia Redfin DataTree Algorithms (LI 703)

Transcript:

Jack:                                      Steve and Jill here.

Jill Dewitt:                           Hi.

Jack:                                      Welcome to the Land Investors Show, understanding land investment talk. I'm Steven Jack [Butella 00:00:08]-

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

Jack:                                      Today, Jill and I talk about mailer pricing. How do you price your mailer using Zillow, Trulia, RedFin, and Data Tree algorithms. All of them or just some of them?

Jill Dewitt:                           This is going to be really [crosstalk 00:00:27]

Jack:                                      Interesting stuff.

Jill Dewitt:                           I've been waiting for this show. I saw the title coming up. I'm like, "Aw, this is going to be one of our biggest ones."

Jack:                                      This is Data Week this week.

Jill Dewitt:                           Yes it is.

Jack:                                      You know how like there's Shark Week? On cable TV. It's Data Week.

Jill Dewitt:                           It's Data Week.

Jack:                                      And I will fully confess that Shark Week is probably more interesting, but a lot less profitable for nearly all of us.

Jill Dewitt:                           Whoa, whoa. Wait. Shark Week is more profitable or Data Week? Data Week is more profitable.

Jack:                                      See she's already not listening.

Jill Dewitt:                           No, I really wasn't. I'm going to be honest with you, Jack, I'm actually ... I was halfway into a doodle.

Jack:                                      I know I can see. Before we get into the show, let's take a question posted by one of our members on the LandInvestors.com online community. It's free.

Jill Dewitt:                           It's going to be fun to see what my drawing looks like at the end of this show. Completed drawing.

Jack:                                      I know.

Jill Dewitt:                           Okay. Steven, is it really Steven asks? I guess we have another ... okay. Anyone practicing holding deals till I have a buyer?

Jack:                                      Deeds.

Jill Dewitt:                           Oh, excuse me. Anyone practicing holding deeds till they have a buyer to keep the purchase amount hid? Oh I know this is not without risks, but I was wondering if anyone practices this to not have your buyers be able to look up what you just paid for a lot you are reselling. That's kind of funny. I don't think it matters.

Jack:                                      If it matters.

Jill Dewitt:                           I don't-[crosstalk 00:01:48]

Jack:                                      This matters in houses, by the way. If they see what you bought it for, they're going to try to negotiate a better deal.

Jill Dewitt:                           It didn't slow us down. It hasn't slowed us down.

Jack:                                      No.

Jill Dewitt:                           Because we don't hold back recording house deals.[crosstalk 00:01:57]

Jack:                                      Because here's why ... actually that's how I was going to answer that question. If you have a buyer that's real concerned about that, then they're not the right buyer.

Jill Dewitt:                           It's like you go ... everywhere you go, you know they're making money off it to get it to you. They only way of you doing this is if you live on a farm and grow your own food and build your own car. We all know that the next person's making some money off it. It's just you want to make sure that it's a good amount, and they feel good about their price. The purchase.