How To Value Houses (CFFL 540)
Transcript:
Jack Butala: Jack Butala with Jill DeWit.
Jill DeWit: Hi, there.
Jack Butala: Welcome to the show today. In this episode Jill and I talk about how to value houses.
Jill DeWit: This is interesting.
Jack Butala: Before we get into it, let's take a question posted by one of our members on a Landinvestors.com online community. It's free.
Jill DeWit: Okay. Matt asked, "Hey guys, I did a few searches on the forums. I couldn't find anything specific about the topic of how to build a buyers list. I've heard it mentioned of manually pulling emails of paid Land Watch users in your areas and asking if they'd be interested in being buyers. I've also heard mention of people systemizing the process of scraping those emails. This is all good stuff. It looks like it may be a good idea to keep one property up on Ebay at all times and adding those people to a buyers list. It looks like managing your buyers list through A-Webber is currently the best option." He's doing a lot of work here. I'm really impressed. "I wasn't able to find a definitely 'This is the best way to do it,' or 'Do these three things every week,' and I'm sure I'm not the only who would benefit from this thread. Hopefully the group can get some good actionable items from this thread. My question to everyone is if you were to build a buyers list from scratch today, how would you do and how would you structure emails to your buyers list. Thanks!"
Jack Butala: Outstanding question, Matt. Plus you're thinking out of the box. I think you've asked a few other questions that haven't made it as far as this show on the landinvestors.com community and this is top notch so I'm going to do my best to answer your question. Drop everything and go to landwatch.com and go to the signature area. In fact I do a YouTube video on how to do this so if you go to our YouTube channel, landacademy.com, I actually show you how to do it on the computer. It's incredibly simple and fast. Literally takes about 30 minutes and you're going to have 50 to 100 of the best land buyers in the country. Go to the signature area, right click on any given email ... You're going to see each ... State-by-state it lists the land owner or the signature. It costs a lot of money to be a signature level member at Land Watch.
Jill DeWit: It's like 500 a month, from what I remember.
Jack Butala: Yeah. Click on ... First try to do it with one. Click on the person's email and that the notice of all their contact information and then save as and copy it to Word or anywhere else on your desktop and you're going to get their email address. Do that for all 50 to 100. I'm not sure how many. Every time I look the list gets bigger. These are the people who are real serious land buyers and sellers. That's the beginning of your A list. Since you're interested in doing this on an ongoing basis, which is incredibly positive, continue to do that, I don't know, once a month maybe. Then post your Craigslist ad in the area that you're working. Let's say it's Montana for example. I'm just throwing any location out there.
Post your Craigslist ad saying you've got a bunch of property that you want to buy or you want to sell and you'll get some people that way, but the absolute best way, without a doubt, to get great buyers and probably will result in immediate sales, is to go to Real Quest, which you already have a subscription to, and take a look at who owns property in the immediate area of the properties that you want to sell. If it is Montana or one county in Montana, like Sweet Water, I guess Wyoming, or I'm drawing a blank on counties in Montana. You'll see exact, you'll see and just drop them a little note.