Truth About Contracts Guidelines Rarely Get Enforced (LA 776)

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 the truth about contracts. The guidelines are really enforced. So we're gonna talk about contracts with a lot of personal experience, actually. We're going through some of that stuff right now.

Jill DeWit:                            I have so many examples of ... everybody gets hung up and says, "Oh, it's in writing and I sign there." But the reality is nobody cares. A, it could be a cocktail napkin and you cou;d submit that as your document, number one. And number two, good luck, no one fights this stuff. It's comical.

Steven Butala:                   It's for the movies. So while contracts are important, they play a huge part in buying and selling real estate for sure. If not anything else, it outlines the understanding and the pricing and things like that. But when stuff goes a little sideways-

Jill DeWit:                            Contracts are out the window.

Steven Butala:                   Greener people tend to look back to that contract instead of looking everybody in the eye and saying, "Let's just work this out together and be down with it."

Jill DeWit:                            Exactly.

Steven Butala:                   You've got some stuff you want, I've got some stuff I want, let's get through it. Hey, that's the end of the show.

Jill DeWit:                            There we go. Call it done.

Steven Butala:                   Before we get into the topic, the real topic, let's take a question posted by one of our members on the Land Investors online community, it's free.

Jill DeWit:                            John asked ... I'm sorry, this just made me laugh. This is a good one. "Why are you guys obsessed with Assessor Data?" Well, John, it's nice knowing ya. Sorry. I'm sorry, I know-

Steven Butala:                   The producer didn't put his last name in here for a reason.

Jill DeWit:                            No, okay. But that is the question, "Why are you guys obsessed with Assessor Data? It seems like if a seller really wants to sell, all you need to do is send them an offer."

Steven Butala:                   Wow.

Jill DeWit:                            That's where you get their information. All you need is their name address and a purchase price. Seems really complicated.

Steven Butala:                   Oh, my gosh, where do I start about this?

Jill DeWit:                            Okay.

Steven Butala:                   Can I answer this?

Jill DeWit:                            Yeah, oh, my goodness. Of course.

Steven Butala:                   On the onset, the data that you include when you do a mail march to send out an offer campaign, roughly includes this. Seller name, seller address.

Jill DeWit:                            Property information.

Steven Butala:                   The property information, the APN, the amount of the offer.

Jill DeWit:                            The size, the zone.

Steven Butala:                   And a few other little things. Okay? So I understand the question. Why do you need all the Assessor information and why do I need to spend 250 bucks a month to subscribe for this and download it? And here's why.