You have found the house of your dreams and you can already picture yourself living there. But you find out other people are feeling the same way – you could be in a multiple offer situation.
How can you make your offer stand out? In a hot real estate market you have to do anything you can to set yourself apart from the competition (i.e. other potential buyers).
Price, closing date, and conditions are all factors, but a well written letter can help push your offer to the top!
What makes a well written offer letter?
Before you start writing your letter try to get a better understanding of the history of the property. Is this home owned by an investor that is currently using it as a rental? Or is this a family home that has been owned and lived in by the same people for over 30 years. Knowing who you are writing to will help you to personalize your letter to the seller.
Some other factors that help to make a strong offer letter –
- Be personal – tell them about you (and your family). Try to create a connection.
- Tell them what you LOVE about the property. Is there something they’ve clearly put a lot of time and effort into that helped you fall in love with the property? If so, let them know!
- Show them you are serious and committed
The letter doesn’t need to take a long time to write but it can make