A homebuyer's letter to the seller, or offer letter, can convince the seller that you are the right person to buy their home. It's not required in the homebuying process, but you can use this strategy to stand out from the crowd and compete in a bidding war.
If you have a small down payment or are getting a 澳洲幸运5官方开奖结果体彩网:home mortgage, you may have trouble competing with all-cash buyers who can entice sellers with clean offers and speedy closing🧸s. A letter to the sell🍸er can allow you to make a case for why you should buy the home.
Here are nine tips for writing a lett🔯er to convince the seller that the ho🌊use should be yours.
Key Takeaways
- A homebuyer's letter to the seller can give you an edge when there are other buyers.
- The homebuyer letter should build a connection with the seller, be short, and stay positive.
- Consider leaving out any remodeling plans you have in mind.
- In a homebuyer's letter, thank the seller for their time and thoroughly proofread what you’ve written.
1. Choose a Format
Some letters to sellers are handwritten. Others are typed and printed. You may want to use special stationery to help your letter make an impression. Think about what kind of appearance you want to present to the seller with your letter's format.
2. Build a Connection
Look for something you and the buyer have in common and build on that connection. The goal is to help the seller identify with you and your family in your offer letter. Perhaps you are in the same line of work or share an alma mater. Pay close attention to details as 澳洲幸运5官方开奖结果体彩网:your real estate agent shows you the home, so you can find a potential bond and build on it in your letter.
Important
If the seller is a builder or an investor, they likely won’t care who buys because there is no emotional attachment to the home. Investors focus on money and a fast closing. If that’s the case, you probably don’t need a homebuyer's letter.
3. Keep It Short
Avoid sharing your entire life story to get your point across. Seꦏllers do not want to wade through page🎉s of your personal history. Instead, keep the letter to a single page, even if that means a lot of editing. Focus on two or three of the most important reasons why you are the best buyer for the home and leave out the fluff.
4. Stay Positive
Writing about all the offers you have lost in the past can put the seller in an uncomfortable position. One may feel bad for you, but will ultimately wonder why you’ve had so much trouble buying a house. Remember, nobody likes dram💟a. If you appear desperate for any reason, you will make the seller uncomfortable, so it’s important to stay positive. You want the seller to feel warm and fuzzy after reading your letter.
Tip
The way home sales are conducted changed in the spring of 2020 as people avoided close person-to-person contact. For some, this made buying remotely more sensible. For those sh💙oppers, finding an agent who has experience with remote transactions is an important step.
5. Show, Don't Tell
Think back to your essay-writing days. You might remember a teacher saying, "Show, don’t tell." The idea here is that you want to use details to illustrate your points in your letter to the seller. Don’t be afraid to show your attachment to the home. Sellers like to know it will be more than just an investment to you.
Instead of writing "Your house is so beautiful. It’s just what we’re looking for," try, "Our twins are almost two years old, and we can already picture them playing happily in the fenced-in backyard and sleeping peacefully in their cozy rooms." Sellers who raised their own family in the home may like the thought of a new family loving it as much as they did.
6. Include Your Offer Plans
A letter to the seller will also explain how you plan to pay for the home so that the seller knows what to expect with the process. Let the seller know whether you plan to use a mortgage or pay in cash. If you're using a mortgage, detail how much you plan to put down and include a pre-approval letter from your lender.
7. Leave Out Your Remodeling Plans
People are inherently protective of their homes, so be mindful of their feelings when composing your letter. Chances are, your remodeling plans will change (or destroy) something the seller has an emotional attachment to, such as the bathtub the kids splashed in, the breakfast nook where studying late at night earned someone a college degree, o🥂r tℱhe tree under which the beloved family dog is buried. Keep your plans to yourself and let the seller picture you enjoying the home the way they enjoyed it.
8. Finish Strong
Finish with a short paragraph reinforcing one or two key points you made in the letter (e.g., why you love the home, why you’re the best buyer). Also, show appreciation for the seller’s time and consideration and the opportunity to write an offer. Sign with something like "Thank you so much for your time," as opposed to "Best regards," which may come across as too businesslike.
9. Proofread It
There are grammar police everywhere. To be safe, assume the seller is one of them. Review your letter for grammar, spelling, and punctuation, paying close attention to sneaky mistakes spell check doesn't always detect, such as they're/their/there, your/you’re, and it’s/its. If proofreading isn’t one of your strengths, ask a friend or family member to review it for you. Approach the task with the same attention to detail you’d give a cover letter for a job.
Tip
A well-written, mistake-free l𝐆etter shows you care about making a good impression.
Example of a Letter to the Seller
澳洲幸运5官方开奖结果体彩网: Dear [Seller].
We are a family of four - myself, my husband, and my 4-year-old twins. We have raised our children in this area, where we ourselves grew up, and are ready for larger space as we're expecting another child by the end of the year. Your beautiful home, with its large yard and spacious kitchen is exactly what we're looking for.
We were especially impressed with the great bedroom layouts and upstairs laundry room. I can easily envision our family making many wonderful memories in this home.
We have included a pre-approval from our lender for a loan in the amount of your asking price. We would also like to include an additional $10,000 in cash.
Thank you so much for considering us as the next residents of your home. Please know it would be in good hands.
澳洲幸运5官方开奖结果体彩网: Sincerely,
澳洲幸运5官方开奖结果体彩网: [Buyer]
Pros and Cons of Writing a Letter to the Seller
澳洲幸运5官方开奖结果体彩网:Establish emotional connection
澳洲幸运5官方开奖结果体彩网:Explain financial offer
澳洲幸运5官方开奖结果体彩网:Can put seller in difficult spot
澳洲幸运5官方开奖结果体彩网:Not necessary with investors
Pros Explained
- Establish emotional connection: Writing a letter that resonates with sellers can give you an edge when there are multiple buyers.
- Explain your financial offer: Outline how you will pay for the home to give the seller confidence that you are a reliable buyer.
Cons Explained
- Can put seller in difficult spot: If the seller uses certain detailed personal information about the buyer when making a decision on who to sell to, they could risk violating the Fair Housing Act.
- Not necessary with investors: When sellers are investors, they are generally not interested in emotional connections. They are only interested in profits and a fast process.
Frequently Asked Questions (FAQs)
Is it Legal to Write a Letter to a Home Seller?
It is legal and common practice to write a letter to a seller. You can give the letter to your real estate agent to give to the seller's agent. Once the seller has your letter, they must take caution not to use the information in a way that violates the Fair Housing Act.
Should You Always Write a Buyer's Letter to a Seller?
In a competitive market, writing a letter to a seller can help you stand out from the pack. Many realtors recommend the practice. However, as the National Association of Realtors points out, it's important to make sure the letter doesn't accidentally cause more problems than it intends by posing fair housing risks.
What Should You Not Include in a Letter to a Seller?
Avoid saying anything in your letter that is too personal about race, religion, national origin, color, familial status, sex, or disability — the protected classes under fair housing laws and the federal 澳洲幸运5官方开奖结果体彩网:Fair Housing Act. By accidentally ღreferring to anything that falls under a protected class, there is a liability risk for the realtor and theܫ seller.
Do Seller Letters Really Work?
Many real estate agents believe a carefully constructed seller letter will push their buyer over the line in a competitive situation. However, the letter is only as effective as the underlying offer. If the underlying offer isn't competitive in terms of pricing and terms, a so-called love letter won't make up the difference.
The Bottom Line
It isn't easy to compose a letter engaging and personal enough to convince the recipient that they should award the house to you and not someone else. But sometimes a well-crafted letter to the seller can be enough to sway the odds in your favor, especially if you do a great job convincing the seller you and your family love the home and are 澳洲幸运5官方开奖结果体彩网:the best buyers. Whenꦛ the seller has an emotional investment in 𓂃the home, a well-written, heartfelt letter just might be enough to win a bidding war.