How to Market and Sell Snow-Covered Land (LA 1116) - a podcast by Steven Butala & Jill DeWit

How to Market and Sell Snow-Covered Land (LA 1116)

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'm Jill Dewit, broadcasting from sunny Southern California.



Steven Butala:                   Today Jill and I talk about how to market and sell snow covered land. This has been a long standing kind of inside joke between Jill and I for a lot of years.



Jill DeWit:                            I'm happy to paint the picture.



Steven Butala:                   Yeah, I would ... Tease us a little bit on the picture, then we'll take the question and we'll tell you what's really going on.



Jill DeWit:                            All right. So here's what happened. I'm from ... Should I do it now or save it? I have a couple of minutes of things to say.



Steven Butala:                   Jill's from California, I'm from a very snow covered area. A lot of you who are listening to this-



Jill DeWit:                            Know that.



Steven Butala:                   Don't see the appeal to snow. There's nothing magical or mystical about it. In fact, it's just a huge dent in your whole day for about six or eight months back East.



Jill DeWit:                            Okay, so that's your story. Tell me, then I'll tell you mine.



Steven Butala:                   Jill sees it like out of a Christmas special.



Jill DeWit:                            I'm going to tell you, I thought it was cool. I grew up in sunny Southern California. I mean, not this close to the water obviously, but in a great community. And the first time I saw snow fall I was in middle school or high school, and I thought it was the coolest thing. So I grew up here near the ocean, looking at these snow-capped beautiful mountains. And every time I go up to the snow for the weekend it's beautiful. It's fun, it's sunny and gorgeous and fresh, and the air smells so great. So I think it's cool. So that's my experience.



Steven Butala:                   So you can see the innate conflict here about snow covered land. 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 DeWit:                            Jenna asks, "I have a contract on a lot that has a mobile home on it: buying the lot only, not the mobile home. The owner said it's not in livable condition and no one lives there. My photographer said there's definitely someone living there and it looks like a meth house. He's going to send me a picture if he can. It's worth about $9,000 but not with the mobile home removal/eviction. Obviously I'm not going to agree to buy it for the $3,800 I offered. But what would you offer to make it worth it? I was thinking $500, self close, sell for $1,500 and the tenants and the mobile home would be the new owner's problem." Yikes. "Or should I even waste my time? No one would buy it."



Steven Butala:                   What would you do?



Jill DeWit:                            Well first of all, I wouldn't do the idea of kind of brushing it under the rug and pushing the problem onto the buyer because that never works. You don't want to do that, because all they're going to do is find out what's going on, call you and they're asking for a refund or something. You don't like my idea?



Steven Butala:                   I just, I know we're going to differ on this and I think it's funny.



Jill DeWit:                            Oh, okay.



Steven Butala:                   And I'm not being satirical.

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