If you’ve found the home of your dreams only to discover you aren’t the only one putting in an offer, you may be worried the sellers will choose someone other than you. This is a credible concern in a seller’s market where multiple offers give the seller the upper hand.
Why Write a Letter with Your Offer?
A letter included with your offer will personalize the offer and make it stand out from others. You will likely be the only buyer doing this, which will make your offer memorable. While sellers generally accept the offer with the highest price and best terms, when the offers are close in dollar amounts, that letter might distinguish you from the others. As long as your offer is realistic, a personal letter to the seller could give you the upper hand.
It is a good idea to consult your real estate agent before including a letter with your offer to determine if a letter is appropriate for your situation.
What Should You Say?
The letter, your personal introduction to the sellers, should explain who you are and why you want this house – including pictures of your family can also be compelling. Keep it brief, but include a few especially relevant points that may create a positive reaction from the sellers. Let the sellers know that you are a solid buyer and definitely include reasons why you want the house by mentioning key features that won you over or ideas of how you will use a certain space. Avoid any reference to renovations because you don’t want to give the impression there’s anything about the house you don’t like. Instead, keep everything positive.
Convincing the seller that you will love the home as much as they have will go a long way toward helping your cause. Remember that this is an emotional as well as financial decision for the sellers, and you should appeal to both sides. For additional information on the home buying process, feel free to contact me today for a consultation. I will be happy to answer any questions you may have, and/or help you find your dream home.
Allyson Hoffman, ABR, ACRE, CDPE, CRS, e-PRO, GRI, SFR, SRES
Serving Chicago's North Shore, North and Northwest Suburbs
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Allyson Hoffman is your ultimate real estate resource for Chicago's North Shore, North and Northwest Suburbs and surrounding areas. Visit my website for detailed information regarding today’s real estate markets.
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