If a seller is motivated and your offer is the only one that comes in on a home for sale, you may have an easy time getting the home of your dreams. If there are multiple offers on a property, it’s a different story.
If there’s competition, it’s simple math that your odds in favor of you getting the home are reduced. You need something that will grab the seller’s attention. Writing an offer letter can be just what you need to sway the decision in your direction. Even if your offer is less than what other people have put on the table, an offer letter is a perfect way to get the attention of the seller.
What To Include
You may wonder what you should include in an offer letter. You’re charming the sellers in a way, but also giving them an opportunity to get to know you. If someone has lived in a home that they have loved for a long time, they’ll be happier knowing the next occupants will be just as happy living on the property.
What Do You Like About The Property?
You should include a lot of positive things involving the property and your ability to care for and maintain it. Tell the seller about the features you most love about the house. You should let the seller know that they hard work they have done over the years has paid off and you appreciate it. Do you like the skylights? Does a remodeled kitchen get your attention? Is the deck a great feature for you to entertain on? Let the seller know any and everything that enticed you to put an offer on the property in the first place.
Share Some Of Your Life
You don’t have to get overly personal or mushy, but you should include a bit about yourself and why you chose this property among the many you have seen. Maybe you grew up in the neighborhood. Maybe the home is perfect for your expanding family. Whatever the reason is for you to want this particular house you need to let the seller know.
In addition to personal details, you can include a pre-qualification letter, demonstrating your ability to afford the home. This helps sellers to feel comfortable with your financial background and continued upkeep of the property.
What Not To Include
While your plans for a property may be grandiose in your mind, don’t tell a seller what you plan to do with the proeprty in your offer letter. It’s nice that you want to update the kitchen, or re-do the bathrooms. It’s an insult of sorts to the seller so just omit these items. Keep your offer letter positive and brief and you may be well on your way to securing the property of your dreams.
73 Pepperell Rd, Groton, MA 01450
The saying goes that you only get one chance to make a first impression and that applies not only to our personal and professional lives but also to real estate. Humans are sensory by nature, and those senses are linked to emotions that often determine our decisions.
When you have the opportunity to capture someone’s emotions, make them gasp when they walk in a room or see a home for the first time. If you can do that you’ve won the first impression – and made a great one.
As you begin the home staging process, keep this in mind and target those emotions through sensory input. Colors, smells, sounds, even the temperature, and humidity of the interior of the home can have a powerful impact on a buyer. This is where they will live their lives, raise their families, live out their retirement, tell their stories. Staging should make it easy for them to place themselves in each room and picture a life there.
This is how you make that happen.
Depersonalize to create a blank slate for buyers to write their own lives upon.
Your buyers want to be able to see themselves living in their new home, not someone else’s. So before you do anything, depersonalize it. Remove the family photos, the artwork on the fridge, the personalized plaque over your desk, and other “homey” items. Turn your home into a blank slate so that buyers can see themselves in the space.
Freshen up the interior with a new coat of paint.
A fresh coat of paint just looks nice, it’s relatively inexpensive, and when combined with cleaning and decluttering, it can really add some oomph to your selling power. However, when you decide to take the plunge and pick up the brush, choose neutral colors. Go with soft, inviting colors like off-white, beige, white, and pale gray. You can even use several complimentary colors throughout the house, but avoid emotionally charged colors like lavender, lime green, or pink.
Define the purpose of each room to maximize the living space.
Making every square foot of a home appear to be usable space is definitely a great selling point. An unused room with no real purpose can be turned into a craft room or home office. Transform attics and basements into family rooms, guest bedrooms, or libraries. When buyers can see the potential of a room, they can easily place themselves in it, and they also see that no space is wasted
Use lighting to your advantage.
The right light can transform a room. In fact, good lighting is at the top of most homebuyers’ wishlists. Letting outside light in can make a room larger, but interior light is also key. For maximum effect, use three types of lighting: accent (table, shelf, wall), task (reading, pendant), and ambient (overhead). Combine these three to create an attractive, inviting space that will draw your buyers in and make it feel like home.
73 Pepperell Rd, Groton, MA 01450
Each year, flooding causes more than eight billion dollars in damages to homes in the United States. Despite that, many affected homeowners go on to sell their houses so that they can relocate. When your home has damage from a tropical storm, heavy rains, or rising water from a hurricane, here are ways to help your home retain its value.
The crucial first 48 hours
Do your best to minimize the damage. If you know flooding is possible, use sandbags around the foundation, board up windows, fill in crevices around vents and pipes with expandable waterproof insulation. After damage occurs, in the first two days, it is essential that you go through this checklist as quickly and thoroughly as you can.
- Protect yourself. Flood water often has contaminants and dangerous materials, mold and bacteria. If your flooding includes back-up sewerage, this is especially crucial. Wear industrial-quality gloves, rubber boots, masks, and other protective gear.
- Make lists of the damage. Walk around your home and write down everything that is affected by the water. Separate the list by those items attached to your home and those that are separate such as furnishings and personal belongings. These could be very long lists, so write down everything.
- Take photos of all the damage with your smartphone or digital camera. Capture images of the walls, floors, cabinets, outlets, doors, windows, and ceiling if water leaked in from above — document everything.
- Contact your insurance company. They will send out a catastrophic storm damage adjuster to assess the damages. Even if FEMA may cover the costs, ask your insurance adjuster to document everything as well. Compare their list to yours to make sure nothing is left off. Your insurance company may be able to help you restore and repair much of the damage. Professionally mitigated and restored damage makes a tremendous difference when you go to sell your home.
- Once you've documented everything, remove anything that retains moisture from the house. These include carpet and padding, fabric, bedding, furniture, clothing, drywall, and insulation. Doing so lowers the opportunity for mold to take hold in the house. It only takes mold 48 hours to begin germinating, so time is of the essence.
- Rent a dehumidifier to dry out your home. If your HVAC system is unaffected, run the air (heat or cold depending on outdoor temperatures) to help dry things out, too.
- Using a utility knife, cut away and discard any damaged or wet drywall or wallboard and any damp insulation behind it. Spray the remaining walls and the framing of the damaged walls with a solution of nine-parts water with one-part bleach.
Repair or Sell "As-Is."
Make all repairs that your insurance or FEMA covers. If other repairs remain, you might decide to fix them yourself or sell your home just as it is. If you completely restore your home, it likely will sell for more. But if the return on your investment isn't high enough, you may end up losing out in the long run. Here is where you need the advice of a professional. Your real estate agent can help you determine which items to repair and which won't give you any return. Remember, though, that if your relocation is time-sensitive, whatever sells quicker can save you in the long run.