My fiance and I are looking for our first home to buy. We live in Edmonton, AB, Canada. Yea basically houses that are not worth crap are going for ridiculous prices! We have been told by people that when we make an offer we should write a letter to tell the owners about us and why we want the house. Do you think this would help?
2006-10-09 14:25:59 · 12 answers · asked by Wondering 2 in Business & Finance ➔ Renting & Real Estate
Would the seller be more inclined to sell to a potential buyer if they knew what kind of people the potential buyer is, via letter? The prices of houses are going for absurd prices and they are not work 2 cents. (Well maybe that) I can say that I personally would be more inclined to choose someone, if I recieved a letter telling me about them and why they want the house. I dunno maybe it is just the social worker in me and because I like to do what is right. Any thoughts?
2006-10-10 15:50:22 · update #1
Save you time and money, and hear is why.
Your time will be soon.
http://www.breakingbubble.com/index.htm
2006-10-09 15:19:41 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It can't hurt, but honestly, they are going to take the best offer presented to them.
If you want the house, outbid the other guy.
BTW, I live in Northern California... sorry, I don't feel sorry for you. You can still buy a home for under 200K
I have a condo, 2 bed, 2 bath 980 sq ft and it's now worth $350,000.
My fiancee and I are looking at buying a 1800 sq ft 4 bed, 3 bath for 850,000.... yes, thats what they are selling for.
Good luck and just remember, it's your home. It is an investment and will always be worth it because of the equity, but it's still your home. Make it such.
*** In response to your follow up e-mail, I can't e-mail you because it said that your e-mail in unconfirmed so I'll respond this way hoping you see it...
Sorry, when I said "I don't feel sorry for you" it was just my way of being sarcastic:
When you said "basically houses that are not worth crap are going for ridiculous prices!" I had to laugh. My fiancee and I live in the san francisco bay area, and here, an 1800 sq ft home with 4 bed and 2 bath is going for $750,000 to $880,OOO and sometimes over 1 million (talk about rediculous prices). I would love to buy a home for under $300,000.
Thats all. Didn't mean to offend or confuse you and I apologize if you took it as such.
Have a great day!
2006-10-09 14:53:44 · answer #2 · answered by my-kids-mom 4 · 1⤊ 0⤋
I guess it couldn't hurt but be practical....the bottom line is money.
Present yourself as a good, qualified buyer. Rather than a letter, attach a note from the bank showing that you're qualified for the loan. That will impress a seller more than a letter from you. Also put down at least 5% of the purchase price if you can afford it. That will show the seller that you're sincere and serious about your offer.
Good Luck,
Jim Reske, Realtor
ERA Advantage Realty, Inc
Port Charlotte, FL
http://www.flwaterhomes.com
2006-10-09 14:32:46 · answer #3 · answered by Realtor Jim 2 · 0⤊ 0⤋
A letter does not work the seller is only interested in selling their home to whom it may concern to the highest bidder. Put yourself as the seller, would you sell your home for $10 000 less to someone who wrote you a letter saying how much they wanted the house or with a story or would you as the seller sell it to a person willing to pay $10 000 more than the young couple? So based on that 99% of us are going to sell it to the higher bidder and no a letter does not help.
2006-10-11 09:44:05 · answer #4 · answered by ? 5 · 0⤊ 0⤋
in some cases it will.
it all depends on the owners, you will find that if the owner is in bussiness for himself or with his wife then they don't want to be bothered with letters from prospective buyers, imagine it,, your selling a house and running a bussiness and at the end of the day you have a mountain of letters to go through, its the last thing you want to do.
on the otherhand if the seller is somebody with time on thier hands and looking to save money wherever they can they might apreciate a letter from a buyer espescially if it leads to cutting out the commision
.reaserch the seller before you send letters to them it may save you both a bundle and leave you with the home you want.
2006-10-09 14:39:14 · answer #5 · answered by steve w 1 · 0⤊ 1⤋
Its probably a good idea and it might work.. However, to write a sweet letter and offer a low price would not go over very well. If you are offering something decent and someone else is offering same thing they could pick you.... Especially if you write nice things about the house and pick out certain qualities about the house.. brag a little on it... go for it..nothing to lose
2006-10-09 14:29:53 · answer #6 · answered by Lea 4 · 1⤊ 1⤋
i am sorry but i am into real estate and it is the bottom line for me with the exception of my personal home. it is a 1903 Heritage home and i feel a sense of responsibility to respect, protect and preserve it's history and dignity.For this house i would choose like minded people. good Luck
2006-10-10 03:33:16 · answer #7 · answered by wecair2 2 · 1⤊ 0⤋
Wait about 6 to 9 months and they will be writing letters to you begging you to take it off their hands.
2006-10-09 14:33:37 · answer #8 · answered by spongeworthy_us 6 · 0⤊ 0⤋
Cash is gonna get you into a house before a letter will.
2006-10-09 14:47:04 · answer #9 · answered by Katz 6 · 0⤊ 0⤋
Check your local real estate laws, it is illegal to do that in many cases if they or you is represented by an agent.
2006-10-09 14:42:17 · answer #10 · answered by Mark P. 5 · 1⤊ 0⤋