This blog was inspired by Massachusetts real estate agent Christine Smith featured blog What you don't know may hurt you. Many times real estate agents would suggest to their home buyer clients who are very interested or may have fallen in love with a house that they really would love to purchase. Sometimes I hear to even take a family picture and send it with the letter to try and improve their chances of getting their offer accepted by the seller.
I have always thought it was a good idea. But she said something in her blog that got my attention and should get your attention as well she said "Well, if that buyer's offer is chosen and another buyer - perhaps a single person without kids - does not have his/her offer chosen, well then that Seller could be facing a Fair Housing complaint. Not only that, any real estate agent who facilitated that letter - by encouraging or even forwarding the letter - could be facing the same complaint, as could their broker.
That fine of course is $10,000. I don't know about you about I try to do my best not to break any rules,regulations and abide the law. You stay out of jail and trouble that way. But another thing I want to mention as to why you shouldn't write a letter and family picture when submitting an offer to the seller is because you don't know their personality trait. I am sure many of us are familiar with the D.I.S.C Personality.
- "D" stands for "Dominance" - "D" is the most direct and decisive personality trait. As one of the two "active" traits, it creates strong-willed, daring people who like challenge, action, change, and excitement, and who accept risk, danger, and new ideas.
"i" stands for "Influence" - "i" is the most optimistic and outgoing personality trait. As the second of the two "active" traits, it creates people who're touchy-feely, and who like to participate with others, share ideas, entertain, and be people-people.
"S" stands for "Steadiness" - "S" is the most cooperative and hard-working personality trait. As one of the two "passive" traits, it creates loyal, dedicated, helpful, and agreeable people who like to work, raise families, and stay on one job and in one geographic location.
Now your offer more than likely would be accepted by someone with this personality trait if you send your offer with a buyer letter and send a family picture with it. But do you or can you really know the personality trait of the sellers who you are submitting your offer to? PROBABLY NOT.
"C" stands for "Conscientiousness" - "C" is the most cautious and correct personality trait. As the second of the two "passive" traits, it creates quality-minded, perfectionistic, and concerned people who like planning, checking, inspecting, working with methods and systems, and verifying the accuracy of facts, ideas, and programs.
So if you want to improve your chances of having your offer being accepted by the seller,the best thing to do is to SUBMIT YOUR OFFER BASED ON THE CURRENT REAL ESTATE MARKET. Why? As we all know some houses for sale are overpriced. That's why you should back your offer with recent solds in the subdivision/neighborhood/city and/or state. Now of course it's up to the seller whether they will accept your offer or not. But if they don't accept your initial offer,you can either counter with a better offer or just walk away. But I highly advise you from here on out to NEVER SUBMIT YOUR OFFER WITH A LETTER AND FAMILY PICTURE.