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Writing a House Purchase Offer? Three Things That You Should Highlight

Amanda's Note: This was provided by an online contact. 

Jenna and Joe just got married. They are house-hunting with high hopes that they will find their home in the neighborhood that’s special to them.

Luck seems to be on their side because they find a property in just two weeks. The house is perfect. It has three bedrooms: one is for them and the two others will be for the two children that they are planning to have. It has a kitchen that is sizeable enough for Jenna, who loves preparing feasts for family and friends. The living room is spacious enough for Joe’s weekend hangouts with his teenage nephews. Jenna and Joe decide that it’s the house for them. Their search is finally over.

man at table with pen, writing on contract

And then it dawns on them. The house is so beautiful that it might have attracted a lot of potential buyers just like them. This is confirmed when they talk to their agent. A lot of other people are indeed lining up for the property, so they need to act fast if they want to stand out and win over the property sellers. The first thing in their course of action is writing a good offer letter that highlights all the stuff that matters.

If you find yourself in a similar situation, writing a good offer letter is also a good way to start. The subsections below discuss the matters that you should highlight in your letter.

Who You Are

The property that you are looking at is, more often than not, the home of its sellers. They’ve formed attachments to it. Perhaps a lot of their fondest memories are of events that occurred in there. Because of this, you can expect these people to be a bit picky when it comes to the buyers that they entrust their former home to. Your letter should at least let them know who you are.

It is important for the seller to somehow feel your warmth through your home offer letter. You can even highlight perceived similarities between the seller and yourself, or one of the people that you are moving in with. Build rapport with your seller, but still be completely honest. Made-up things crumble in one way or another later, and you surely want to save yourself from the embarrassment that such crumbling may cause.

How Capable You Are

Sentimentality aside, you must understand that selling houses — no matter how mundane it sounds — is still serious business. Money is surely involved and sellers naturally want assurance on that. Hence, make them feel through your pitch that you have the ability to pay. Talk about your job and how you are in it for the long haul. Some potential buyers highlight that they hold management positions as a way of making apparent their financial reliability. If possible, talk about your loan eligibility and the potential value of it.

How Much Your Bid Is

Realistically speaking, the amount that you are comfortably capable of spending is sometimes not enough to get you the house that you love. But this does not mean that the battle is over — you can still take your chances and explain your offer in your letter. Some letter writers highlight that they are first-time buyers, hoping that the sellers can empathize. Some talk about family life with subtle — again, subtle — appeal to sentimentality.

Buying a house of your own is really an exciting phase. That you sometimes need to bid, write a house purchase offer letter, and stand out from the crowd is part of the excitement. The tips shared here are from an analysis done on several offer letters. Go find a sample offer letter to purchase property now, and see how these tips can play out for you.

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Amanda L Grossman

Personal Finance Writer and CEO at Frugal Confessions, LLC
Amanda L. Grossman is a writer and Certified Financial Education Instructor, Plutus Foundation Grant Recipient, and founder of Frugal Confessions. Over the last 13 years, her money work has helped people with how to save money and how to manage money. She's been featured in the Wall Street Journal, Kiplinger, Washington Post, U.S. News & World Report, Business Insider, LifeHacker, Real Simple Magazine, Woman's World, Woman's Day, ABC 13 Houston, Keybank, and more. Read more here or on LinkedIn.