How To Call An Interested Seller (CFFL 524)

How To Call An Interested Seller (CFFL 524) Transcript: Jack:                      Jack Butala with Jill DeWit. Jill:                          Hey there! Jack:                      Welcome to our show today. In this episode, Jill and I talk about how to call an interested seller back. Man, this is so important, and I'm looking forward to it, because I want to hear from the expert, Jill. Jill:                          Thank you very much. Jack:                      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. Jill:                          OK, this is a little bit lengthy one, so I'm gonna preface that. So, new member here, in our group, Shammgod. This is [inaudible 00:00:32], shares. "Agreed on my first deal today. I figure I'd post it here, just to write out my thought process and so that if I'm missing anything, someone will hopefully correct me. Details: Seller and his father are both on the deed. He sent me a copy. I couldn't locate it exactly on the map, but agreed on a price way below anything on the market." Jack:                      Red flag. Jill:                          "I talked to the recorder and they verified things, and talked to the treasurer and the taxes are good." Jack:                      This is good. Jill:                          "Next steps: getting them a contract. I'm planning on sending them a small deposit because I don't think it's valid without one." Jack:                      Not necessary. Jill:                          I would just say weird. "This is a small deal so I'm planning on doing title myself." Jack:                      Awesome. Jill:                          "I think that I need to get notaries for both the father and son because they live in different states." Jack:                      Yes. This is boring. Jill:                          It's distracting. Jack:                      It's distracting, am I stealing your thunder? Jill:                          Just a tad. Jack:                      It's sad? Jill:                          Just a tad. No, you are, like every time I take a breath. Jack:                      Are you sad today? Jill:                          It's like darn don't pause, Jack's gonna throw something in there. Jack:                      Jack you're sad. Jill:                          I'm not sad. Jack:                      Jack, you're a sad little real estate investor. Jill:                          I'm just trying to share a story. Can I just share a story? Alright, where was I? Jack:                      "My biggest question..." Jill:                          Oh shoot, no I'm sorry wait, I totally, as we say that I just lost my place. Wait, wait, wait, wait, wait. Jack:                      "My biggest question..." Jill:                          OK, "my biggest" ... do you want to finish this? Jack:                      "My biggest question around title or having the notary hand them the cheque is-" Jill:                          Too bad. [inaudible 00:02:19] I want to be Jack, this is good. Jack:                      "My biggest question around title or having the notary hand them the cheque is, what if I mess something up on the deed and I find out afterward it wasn't done correctly?" Jill:                          Boo hoo. Jack:                      "The seller would have already had the money." Jill:                          Uh-oh. Jack:                      Oh my god, sound effects Jill. Jill:                          Well this is what it's like. Jack:                      "I feel like there's probably a step here where I should make sure this doesn't happen if we're using a title company. That's a ... you know ... but I'm not sure what it is." Jill:                          Alright, I'm taking back over. "What's the play there?