How to Plan and Execute an Offer Campaign (LA 761)
Transcript:
Steven Butala: Steve and Jill here.
Jill DeWit: Hello.
Steven Butala: Welcome to the Land Academy show, entertaining land investment talk. I'm Steven Jack Butala.
Jill DeWit: And I am Jill DeWit, broadcasting from sunny Southern California.
Steven Butala: Today Jill and I talk about how to plan and execute an offer campaign. This week is all about staying on track here in the land investment world. I'm going to approach it from a data/task standpoint. How are you going to approach this, Jill, because I know we do stuff differently.
Jill DeWit: That's a good thing, isn't it?
Steven Butala: Yeah, it's great.
Jill DeWit: We do things very differently. No, but I'm going to talk about the touchy-feely part and how that all works out.
Steven Butala: Okay, I know we do stuff so differently.
Jill DeWit: Very differently, so-
Steven Butala: But you should be celebrated. You're right. It shouldn't be like, "Oh my gosh, does she get it or not?"
Jill DeWit: What if we were both exactly like you?
Steven Butala: That would be terrible.
Jill DeWit: Or both exactly like me?
Steven Butala: That would be better.
Jill DeWit: Thank you.
Steven Butala: Than my first option, but-
Jill DeWit: Thank you.
Steven Butala: This way is the best.
Jill DeWit: It's best.
Steven Butala: Before we get into the topic today though, let's take a question posted by one of our members on the LandAcademy.com online community. It's free.
Jill DeWit: Okay, Bae asks, "I have sold a property for seller financing two months ago. I told the buyer that I am okay with him using the property to build his house while he's in the financing stage. Two weeks ago the county emailed me and called and said that the buyers built an illegal shed without getting any approval. I contacted the buyer and asked them to tear down the structure, but he always finds an excuse to postpone the date and was not being responsible. The county was also getting sick and tired of her excuses and they decided to have a hearing next week-"
Steven Butala: Geez.
Jill DeWit: "Regarding this issue. They informed me that I will take full responsibility as a property owner. Therefore, I told the buyer if he's not going to act on this by Friday, I will hire someone to tear down the building and bill him the cost. He's mad and said that he will tear down the building, but at the end of the week, and walk out of his land contract. 1. What kind of paperwork do I need to send him to document the situation since he's violating the building code and opts to terminate the contract? Does this require both parties to sign? 2. He has just paid the down payment. If he is the one who decided to terminate the contract, do I have the right to keep what he paid?"
Steven Butala: Yes.
Jill DeWit: "And, 3. Can I end the contract right away-"
Steven Butala: Yeah.
Jill DeWit: "Without giving him any default period? Thanks in advance."
Steven Butala: So this is hard to answer this question. That's a great question.
Jill DeWit: Mm-hmm (affirmative).
Steven Butala: [inaudible 00:02:29] from the very beginning by the way-
Jill DeWit: Almost. Really,