When you’re planning on buying a new property, a property that could be your dream home, there are many steps involved; searching online, touring open houses and setting up showings with your real estate agent. When you finally do find the home you want, it’s time to submit your offer.
If a seller has received multiple bids, then you’ll need to do what you can to stand out from the crowd and win.
Today, we’re going to explore everything you need to know when it comes to writing an offer letter that dramatically increases your chances of securing the home of your dreams.
(Note: one of the nice things about buying a new construction home is that you don’t have to stress about other bids and offers).
Compliment the seller
This may seem like a shady tactic, after all, you only want to move into their house or condo, but in the real world, flattery can work wonders, and buying a house is no exception. Put yourself in the seller’s position.
They want to hear about the money you’re offering, and how well they’ve looked after their property for however many years it’s been, so much so that you want to buy it. So, in your letter, tell them what an amazing job they’ve done with the house, and compliment any special features that stand out that will make them smile and think ‘yeah, that was us!’
One of the most common problems that sellers have is people wasting their time with lowball offers. This can be frustrating for a seller and can put them on edge.
Make sure that you’re explaining in your offer letter that you’re a serious buyer that will deliver when it comes to the crunch.
Be short and sweet
“A seller isn’t going to want to sit and read a novel that you’ve written in order to try and secure their property; they simply won’t have time. Instead, make sure that you’re keeping your letter short and sweet so it can be easily digested, typically no longer than a single page,” shares Mary Harker, a writer for Assignment Help.
Write an accurate letter
“If your seller is reading your letter and it’s full of mistakes and errors, they’re going to have a hard time reading it,” explains Mark Turner, a writer for Academized. “This means they will probably end up throwing your letter in the bin, especially if they have other buyers on standby.”
To stop this from happening, this means you’ll need to edit and proofread your letter to ensure that it’s free from mistakes. Thankfully, you don’t need to hire an expensive service since there are many blogs out there that can do it for you.
Talk to the seller directly
You need to write in a way that talks to your seller directly and on a personal level. It’s not uncommon for us to become emotionally attached to our homes.
After all, a lot of time is spent here, and a lot of memories are made. Even if the seller’s future holds something great, connect with them in this way, telling them that you understand and you’re excited that their property that served them so well can now do the same for you and your family.