The Love Letter is Back

By
Real Estate Agent with Realty Executives Boston West 113011

The love letter is back! What is a love letter in real estate? When the market is hot and competition for desirable homes is high buyers can gain an advantage by writing the seller a love letter.

You may be wondering why in the world would I write a love letter to a seller? The answer: you want an advantage in a competitive real estate market.

What should I put in my love letter?

Compliment the seller on their home

Tell the seller why you love the home

Compliment the neighborhood

Make it personal

Be genuine

Love letters often appeal to a seller’s emotions and often especially if the owner has lived in the home a while the decision to sell a home is a very emotional process. If you find yourself in a bidding war or want to land the perfect home it may be a love letter that makes all the difference.

 

 
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Topic:
Home Buying
Location:
Massachusetts Norfolk County Needham Needham Heights
Groups:
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Local Expert
Luxury Home Agents
Tags:
bidding warsbuying a homereal estatereal estate love letter

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Ambassador
1,207,959
Amanda Christiansen
Christiansen Group Realty (260)704-0843 - Fort Wayne, IN
Christiansen Group Realty

We had a local agent doing this sort of thing a few years ago.  It worked for a while, but he got shut down because the local board saw it as reverse descrimination.  I see both sides of it.  If it's working for you, go for it!

Jul 18, 2014 10:53 PM #1
Rainmaker
748,496
Rob D. Shepherd
Windermere/lane county - Florence, OR
Principal Broker GRI, SRES

The jury is out on this for me. As a landlord also, when I see this with a rental app it speaks desperation and bull sXXT to me. I have heard it works for some. SUGGESTED! as I want to see where this goes!

Jul 18, 2014 11:01 PM #2
Ambassador
3,691,648
Patricia Kennedy
Redfin - Washington, DC
Home in the Capital

Pat, the may appeal to a seller's emotions, but not as much if there is a better offer on the table! 

Jul 19, 2014 01:29 AM #3
Rainmaker
706,025
Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

What a great suggestion you never know what will work for a seller. Thanks for sharing have a great weekend.

Jul 19, 2014 02:41 AM #4
Rainmaker
317,487
Pat Laracy Baker
Realty Executives Boston West - Holliston, MA
Pat Baker Dream Home Maker

Hi all, it has worked for me and it has not worked too.  There have been 3 times that it worked in the past and present.  I will site 2 below.  I also believe if it is meant to be it will happen no matter what is done.

It worked was when there were 3 offers and they were all similiar in terms too.  My buyers wrote a letter and the owners could relate and t ook their offer.

The profound time it worked was last summer in August.  I blogged about it.  My buyers have been looking for a long time actually 2 years.  They made several offers and missed out.  This time they were the low bid but did have a more to put down and the letter was perfect.  It worked even though they had the lowest bid.  Now it could have been because of their down payment but I really believe the letter worked.  There were 3 offers at the time.

Jul 19, 2014 03:36 AM #5
Rainmaker
417,264
Debbie Malone
Londeree's Real Estate & Property Management - Lynchburg, VA
From Lynchburg To The Lake (434) 546-0369

Hi Pat! That's a great idea and I'm so glad that we are experiencing multiple offers again in my market. Though I didn't write a love letter last nigt, I did impress upon the other agent my clients buying power and clean contract to win the home.

Jul 29, 2014 03:54 AM #6
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Pat Laracy Baker

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