What to Do with those Love Letters from Buyers

Reblogger Gabe Sanders
Real Estate Agent with Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales 3090099

Some very important information that I never really considered until reading this:

 

Original content by Joan Cox DRE# ER40011786

 

In many cities across the Country over the last few years, have enjoyed a very strong Seller's market.   It is not unusual to see multiple offers in a few hours of a property hitting the market.   With low inventory, Buyers were scrambling to "win the bid" on a home in any manner they could.

 

We saw many Love Letters attached to offers trying to pull on the Sellers' heart strings to have an accepted offer.   Many of these letters violate the Fair Housing Laws put into place to protect special classes.    The letters plead to the Sellers that their children can grow up in the home, play in the yard, or a single mom have a desire to purchase.

 

What do you do with these Love Letters?

 

Our Colorado Department of Real Estate just put out a very good You Tube video explaining what brokers should do when receiving these Love Letters.

 

 

 

 

 

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House to Home, Inc.House to Home

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Joan@JoanCox.com

720-231-6373

 

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Rainmaker
4,264,327
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Thank you Gabe for the reblog, and believe we all need to look at this issue.

Jan 05, 2019 06:28 AM #1
Rainmaker
3,366,921
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I read the original... a very important topic, Gabe. I've never been a fan of these "love" letters precisely for the reasons outlined herein.

One of the funniest stories I heard was from a friend who was selling her home on Long Island pursuant to a very nasty divorce. A couple sent her a letter with their offer saying they just had to buy the house because they could just feel all the love in it! (Not so much...)

Jan 05, 2019 08:45 AM #2
Rainmaker
5,675,944
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Gabe, for sharing this excellent reblog selection.

Jan 05, 2019 08:52 AM #3
Ambassador
3,601,690
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Oh, one of my beefs too - I never, ever give them to the sellers when a buyer's agent sends them, Gabe. I want my sellers to make more money - think with their business minds, not their hearts!!

Good one to re-blog!

Jan 05, 2019 07:25 PM #4
Rainmaker
3,284,110
Richard Weeks
Dallas, TX
REALTOR®, Broker

Work mainly with nvestors and they leave emotions out of the deal.  I've never seen one of these letters.

Jan 06, 2019 06:06 AM #5
Rainmaker
2,824,240
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I would say collect them and go to them to remind yourself of the positivity in your life definitely! Another great point you made here!

Jan 06, 2019 10:05 PM #6
Rainmaker
2,824,240
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

Of course... I’m not referring to this ironically but more reality-based and thankful in the vibe of it all

Jan 06, 2019 10:06 PM #7
Rainmaker
4,798,170
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thank you for stopping by and taking the time to read my re-blog.

Feb 02, 2019 08:39 AM #8
Rainmaker
4,798,170
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Thanks for your comments. It’s always good to hear from you.

Feb 02, 2019 08:40 AM #9
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Rainmaker
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Gabe Sanders

Stuart Florida Real Estate
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