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Buyers, Here Is How to Write a Winning Offer Letter

Friday, December 30, 2022   /   by Laura Larson

Buyers, Here Is How to Write a Winning Offer Letter

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You've located the home of your dreams and are prepared to submit an offer, but how do you outbid other potential purchasers who have also decided that that particular house is "the one"? You won't always be able to make the highest offer on your desired home, it's just a fact of life.
 
When extra money isn't an option, there are fortunately alternative ways to increase the competitiveness of your buying offer. Letters are one of the most effective ways to add a personal touch to your offer, according to the majority of real estate professionals. By using a well-crafted letter to accompany your offer, you have the chance to establish a personal connection with the sellers. You can tell them why you like their home so much providing details and specifics, and why they should accept your offer. Many experts have witnessed that on occasions, this human connection might even outweigh a higher-price offer.
 
The following advice will assist you in creating a compelling a winning offer letter:
 
1. How to Make Your Purchase Offer Letter Stand Out:
You must find a way to differentiate your offer letter from those of the other purchasers since they are becoming more and more typical. Consider it like some sort of a resumé. When compared to other letters, a lovely letter to the home seller using attention-grabbing fonts will stand out.
 
2. Describe what you like most about the house.
Don't just inform the sellers that you desire their house; also explain why. The owners will be touched to learn what you enjoyed best about their house, whether it was a large backyard, a chef's kitchen, or a walk-in closet. Just a reminder that sellers are not allowed to accept or reject an offer based on a protected trait, such as race, religion, or familial status, as per fair housing legislation. Instead of emphasizing personal traits, buyers should strive to establish an emotional bond with the seller by highlighting the qualities and conveniences of the property.
 
3. Print a hard copy of the offer.
Compare the number of daily emails you receive to the number of paper letters you receive. Your real estate offer letter may end up in the spam or be rapidly buried under other emails if you send it by email. Agents suggest, instead, making a physical copy of the letter, this will show a little extra initiative on your part, and give you peace of mind knowing that your letter to the home seller ended up in their hands and not in their spam folder.