Kathy Foran - REALTY EXECUTIVES Boston West



Posted by Kathy Foran on 1/21/2018

When you find a house that you love a lot, your main concern may be that other people really love the home too. How can you make your offer stand out? You might want to write an offer letter to go long with your proposed purchase price for the home. While making the highest offer s typically the best way to secure a bid on a home, if sellers get a few similar offers, they may be enticed by an extra bit of effort on the part of the buyer. 


Woo Them


There are certain ways that you can craft an offer letter to help a seller be intrigued a bit more and accept your offer. Many times, sellers have a certain type of attachment to a home. They want someone who loves the home as much as they did. Most sellers who have taken pride in their homes want to pass that on to the next owner. Be sure you tell the owners that you appreciate the care that they have taken to keep their home nice. You can also mention that this home will be a great place for you and your family to grow. If you let your enthusiasm stand out, youíll be able to shine among other offers. 


Give Your Backstory


If you happen to be expecting your first child, or maybe your family is expecting another addition, you may want to note that in your letter. Getting personal with a stranger may seem kind of odd, yet sharing a bit of your story can help a seller feel more comfortable about accepting your offer as opposed to any others. If you have family or good friends that live in the neighborhood, let the seller know about that as well. Sometimes, sharing your story gives that extra touch that you need to have a winning offer. 


Praise Them


Just as you would praise the seller for taking good care of the home, you also want to point out any specific updates that will make your life easier. If thereís a newly landscaped backyard, mention it. If the new roof looks great on the house, include it in your letter. If you notice that the sellers have dogs, let them know how much your dogs will love being in the house as well. Youíre not brown-nosing, youíre just giving the sellers a little something to be proud of, letting them know that you took notice! 


Donít Be Afraid To Get Sentimental


If the home happens to be in the same neighborhood that your family grew up in, then by all means include that in your letter. If your mom lives a few blocks away and is hoping to be closer to the grandkids, it doesnít hurt to tell the seller about it. The bottom line is to get a bit personal and let the seller know why you want the home. From the home itself to how it will suit your needs, a seller will feel good accepting an offer that they have a connection to. 





Posted by Kathy Foran on 7/27/2014

What is an offer to purchase? It is the written proposal to a seller to purchase real estate. In order for a real estate transaction to be legally enforceable it must be in the form of a written contract.†A written proposal will specify all of the terms and conditions of the purchase. After the offer to purchase it drawn up and the buyer signs it, it is usually presented to the seller by their real estate agent. In some cases both agents will present the offer to the seller. If the seller signs as is, it will become a binding sales contract. It is important that the offer to purchase includes items such as: - The address and the legal description of the property - The sale price - The date of the anticipated sale - The amount of earnest money deposit - Contingencies: for example the ability to obtain a mortgage, home inspection, and the opportunity for an attorney to review the contract - How to make adjustments to things such as real estate taxes, rents, and utilities bills - The type of deed to be given - Any access the buyer may have to the property, for example, a final walk through inspection before the sale - A time limit in which the offer will be good for Your real estate professional will be able to help you prepare the best offer for your circumstances.