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The Roshek Group's Blog

By The Roshek Group | Agent in Woodland Park, CO

Want that Colorado Home? Write a Letter.

We’ve said it a lot lately. The market is starting to turn more in favor of sellers, which means increased competition for those buying a Colorado home. One new way to stand out from the crowd involves a very old activity: Writing a letter to the sellers.

 

In one case, a potential buyer wrote to the owners to tell them all the specific things she and her husband liked about the home, how they would care for it well, and that they had the means to afford the mortgage. And it worked. The sellers said they accepted the bid because of the letter.

 

Will a letter always tip the scale? Many real estate agents feel it couldn’t hurt for most standard sales but is not a good idea when buying a bank-owned property. It really depends on the seller. Some agents said they have seen letters make a sale but also have seen sellers ignore them completely.

 

The one big caveat from the agents was that buyers should never submit a letter without telling their agent. Also, the letters should most always include the following information.

  • Specific things the buyers like best about the Pikes Peak house and the surrounding neighborhood.
  • How long they’ve been searching for their home.
  • A bit of personal information including names and ages of children. If the sellers raised a family in the house, they might warm to another family coming in.
  • Any information confirming good credit and their ability to make payments.
  • Their love for the house and their commitment to do whatever is needed to be the winning bidders.
  • Any other discussion of what the buyer and seller have in common.

A few other rules of thumb include keeping the letter “short and sweet” and not laying it on too thick. Buyers must also be realistic that a letter will not make a difference if their bid for that Colorado Springs property is $35,000 less than a competing party.

 

Typed or handwritten, a sincere letter to the seller certainly can’t hurt—and it some situations it could make all the difference.

 

Let us help you become the buyer of choice for your desired home. When you’re ready to buy or sell a home in the Pike’s Peak area, contact The Roshek Group! We are ready to help you with all of your real estate needs.

Comments

By Ron & Diana Dahlberg,  Fri May 11 2012, 19:17
Great Information! I will be printing this off and putting in my portfolio as a reminder ... Thanks for sharing! --Diana Dahlberg of 1 MONTH REALTY (Southeastern Wisconsin since 1994)

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