Something as simple as an offer letter could be the thing that helps you land your dream house. While the market is constantly changing, it is still quite competitive for homebuyers. Demand will always be there for homes in great areas at the right price.
Some people receive hundreds of offer for their homes, meaning the question for you is,
How can you make your offer stand out?
Why Should you Send An Offer Letter?
You might choose to send an offer letter because you don’t have a way to communicate directly with the seller. When it comes to drafting up a real estate contract, you won’t be able to convey all of the things you want to tell the current homeowner.
Writing an offer letter opens up a new fold as to who you are for the current homeowner.
Think of an offer letter for a home as a cover letter for a job. With an offer letter, you can make yourself stand out from other potential buyers.
You can use this letter to show the current homeowner how reliable you are as a buyer.
Here are a few things you should include in your offer letter:
Introduction
Start with the name of the person selling the home. Break the ice with a compliment about their home by finding something you enjoy about it to make mention of. You might like the way they decorated the home or redid the landscape.
Create Emotional Appeal
Different sellers have different things that appeal to them. You need to draw from those things. They might need money to move right now or they might simply need to sell as fast as possible.
While you shouldn’t act desperate, you should convey how much purchasing this home means to you. The factors might include the surrounding school district or the proximity to your job.
Let Them Know How Serious You Are
Having the ability to close on time is a HUGE deal.
Considering attaching a deposit check with cash that you put into escrow. Highlight your down payment or deposit to show them what you are willing to pay.
Contingencies are one of the top reasons homes fail to close, according to The Balance. You might mention contingencies that you are willing to waive, including appraisals, repairs, or financing.
Final Thoughts
When it comes to landing the home of your dreams, a great offer letter can make all the difference. Even a small step like this can dramatically increase the chance that you win the bid. Even if a candidate that is way more qualified than you steps in, having an offer letter shows the current owner that you are serious.
If you’re getting ready to sell your current home so that you can make an offer on another home, make sure to get in touch with us here at EZ Max Offer. We’ve helped thousands of homeowners sell their homes fast for fair market value.
We look forward to helping you take the next steps in your life.
