What Makes a Good Land Internet Posting (LA 1460)
Transcript:
Steven Butala:
Steve and Jill here.
Jill Dewitt:
Howdy.
Steven Butala:
Welcome to The Land Academy Show, entertaining land investment talk. I'm Steven Jack Butala.
Jill Dewitt:
And I'm Jill Dewitt broadcasting from sweet Scottsdale, Arizona.
Steven Butala:
Today, Jill and I talk about what makes a good land internet posting.
Jill Dewitt:
I have a good list here.
Steven Butala:
I will tell you the single best and most important thing about a good land internet posting is posting it.
Jill Dewitt:
Is it exists. So that's step one.
Steven Butala:
I made people buy property and they forget about the sales part. Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free. And if you're a Land Academy member, please join Discord. It's becoming an irreplaceable, essential tool, in my opinion, for being a Land Academy member.
Jill Dewitt:
It's funny that though, I was talking to somebody about this recently, about posting property and you can't sell it if no one knows it's for sale. And then number two, I was mentioning using Discord as a way to get some quick feedback. If you want some feedback on your posting, throw it on Discord and everybody will [inaudible 00:01:09]. I said, "You put it on Discord and show what you've got going on there, trust me, you'll get 10 responses really fast about that's good, change this, whatever it is, you priced it wrong or whatever you need that..." Because everybody is so good on their [inaudible 00:01:24]. Okay, Andy wrote, "I understand that it means things can be built on it, but is this a legal designation or does it have something to do with soil utilities slope? Is there a good way to check for this and to get a good yes or no? Or is this something that is more of a gray area and it depends on the buyer's plan for the property? Thanks. Any advice is appreciated. Thanks, y'all."
Steven Butala:
I failed to put the title of the posting and what Andy is asking is what is the definition of buildable? He goes on to say what Jill just said. I understand that it means things can be built on it, but is this a legal designation? This has long been a misunderstood phrase. Is it buildable? This is what buildable means. It's not a legal designation. What it means is this, in it's current state, and I mean grading and everything, when you walk straight up and stand on the property, you can either start construction that day from a stick-built house or structure, or you can put a mobile home on it, which means this, almost all property, almost without exception, it's not buildable in its current state. Stuff has to happen, whether it's grading or checking to see if utilities are available or creating utilities. In a lot of cases, you do a septic in a well situation.
Jill Dewitt:
Zoning. [crosstalk 00:02:46] things.
Steven Butala:
I see a lot of new people and when I was new, I did this. My lawyer called me and said, "You need to stop this right now." In fact, our teenager who's selling property online right now, just saw this happen. It said, "A buildable lot," in XYZ city and it's not buildable at all. You should never use that phrase. You should say things like... This is timely, too. This is actually good for this episode. In your internet posting you just don't want to use the word buildable. You probably can say, "Look, it probably needs, in my opinion, it needs this, this, this and this to make this property buildable." And it's very close. You know, maybe it just needs grading. Jill and I just bought a piece of property that all it needs is grading for it to be buildable.
Jill Dewitt:
What we do in our postings, like on LandPin and everything, it says, "Time limit to build," which is usually none. But you can talk about that. And you can talk about what's allowed there per the zoning. Maybe it allows mobiles. Maybe it allows RVs.