Where to Get Days on Market and other Decision Making Data (LA 1360)

Transcript:

Steven Jack Butala:

Steve and Jill here.

Jill DeWit:

Hello.

Steven Jack 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 still Park City, Utah. Yes, we are still here.

Steven Jack Butala:

We decided to stay another week.

Jill DeWit:

Yep. And if you could see us, if you're watching on YouTube and you can see us, or if you're not watching on YouTube, you should zip over to YouTube and check this out, because you might hear popping and crackling in the background, because that really is a legitimate fire behind us. It is a cool day. And I just have to say, it's so funny, the way we're sitting, the way we're set up, I feel like I'm announcing at the Rose Parade. And the float coming along, now I want to say that all of the yellow were hand-picked sunflowers, and ... Just kidding.

Steven Jack Butala:

I got up early today and rearranged the entire place that we're staying in, this condo.

Jill DeWit:

Yeah, you did.

Steven Jack Butala:

And I'll put it back when we're done, I guess.

Jill DeWit:

We have a week to put it back. It looks great.

Steven Jack Butala:

Today's topic, today Jill and I actually talk about where to go to get days on market and other decision-making data. And here's a hint, this is where not to go, your local real estate agent. Jill and I recorded a few podcasts since we've been here, and I keep saying Salt Lake, Park City. And we were the guests on other people's shows. One guy informed us that that's where he gets his information from, his real estate agent.

Jill DeWit:

It's amazing.

Steven Jack Butala:

He's got a show.

Jill DeWit:

It's amazing.

Steven Jack Butala:

And he's out there telling everybody bad information.

Jill DeWit:

Some people just don't know that there's reliable sources of data, not just what you hear and talk about.

Steven Jack Butala:

We'll clear it up today about where to get data, if you don't already know. But before we get into it though, let's take a question posted by one of our members on the landinvestors.com online community. It's free.

Jill DeWit:

Okay. Paula wrote, "Hi there, I hope everyone is doing well. I'm here to gain as much education as I can about land investing. Currently, I'm watching all of Steven and Jill's YouTube videos and have almost finished reading the Stevenson System, a unit which we [inaudible 00:02:16] that book. Wish me luck. Take care. See you around."

Steven Jack Butala:

My point here is twofold. Jill's going to tell us, if you're brand new or thinking about being brand new, Jill's going to tell us what she thinks about that. But I want to talk about-

Jill DeWit:

About being brand new?

Steven Jack Butala:

The Stevenson System is a book that this guy, I think his name's James Stevenson or Jim Stevenson, he and his wife wrote, I think in the early '70s or mid-70s'. And he gets this cockamamie idea to send his wife to the assessor's office and asks her to look up with a pad and pencil the people who own all the pieces of land in a certain area that he thought was a good place to buy land, so he could resell it. And so she did. She went and got the names and the mailing addresses of all these people in the property, and some details about the property, wrote it all down. And he sent them offers, or he sent the notes in the mail, I think. And my point is, if you can get a copy of the Stevenson System... We have a copy. A member let me know about this a couple years ago.

Jill DeWit:

A lender sent it to us, on my birthday said, "I'm going to send you this book."

Steven Jack Butala:

So if you can find an old copy, it's out of print, I've contacted the publisher, it's actually the son of the author, multiple times to try to buy the rights entirely, because I think it's something really good that we could teach and republish.