How to Write a Real Estate Offer Letter
There are few feelings like finding your dream home and putting in an offer. It’s so exciting! But that excitement can quickly turn to anxiety if you find out you’re one of multiple offers on the table.
Low inventory and high demand over the past couple of years has pushed prices higher and created a competitive market for potential homebuyers. One of the ways to you can stand out in a competitive, multiple-offer situation is by building a relationship of trust with the seller. And one way to build trust is to write a letter about yourself to let the seller know just who you are and why you love their home.
But just how do you write such a letter? Lucky you, you’ve come to the right place. The best letters we’ve seen follow a few easy steps.
Step 1 - Introduce yourself
Let the seller know a little bit about you and your family. Offer letters should be heartfelt, so don’t be afraid be authentic and show elements of your personality.
Look for ways that you can foster a connection between you and the seller. What did you notice about the house specifically and why? The well-tended vegetable garden? The organized craft room? The doghouse in the backyard? If you have similar things in common, go ahead and mention them. For example, if you noticed a basketball hoop in the driveway and you come from a family of basketball players include how that element of their house meant something to you. Just make sure it is sincere.
Why this works - Many sellers who have taken good care of their homes what to be sure the home will be just as loved by the next owner. Showing your personality and making yourself relatable helps give the seller confidence you will be a good homeowner. Expressing your enthusiasm for the property or a shared interest can give you that edge over other offers.
Step 2 - Tell them why you love their house
Sure, it’s a little flattery, but who wouldn’t like to hear nice things about their house? Tell the seller how you felt walking through the home and what it would mean to you to live there. If there were special aspects that made you fall in love with the home, mention them sincerely.
Why this works - Chances are this seller has invested a lot of money and sweat equity into making their house a home. Mentioning specific elements about the home shows your genuine interest. And it can win you some brownie points when it comes down to making a final decision.
Step 3 - Ask for the sale
Be bold and ask for the sale. If you know what, other than price, is truly important to the sellers and you can meet those terms, let them know! Make it clear you have done your homework and are going to be easy for the seller to work with.
Why this works - When it comes right down to it, the seller wants to know that you are a serious buyer. You must come in strong with your best offer from the very beginning because you just might not get another chance! The seller wants to know that you, the buyer, are serious about buying the property, you have the ability to meet the terms, and you will ultimately close the sale.
If you are looking to buy in the near future, contact one of our BHURDinUtah agents today. We want you to win that sale and purchase the home of your dreams! When you call us, we’ll talk with you about your homeownership goals and help you with every step of the transaction process.