Learn To Write An Offer When Buying A House
If you think that finding a perfect house to buy is all it takes, you are wrong. Do not get too excited about it, because buying a house is totally different from purchasing a product from the store. You really need to make an effort and write an excellent purchasing offer that would impress the owner.
Such offers are common in many countries across the world. Their quality, including grammar and content, is often as important as the amount of money you are willing to pay for a house. Under such circumstances, failure to write a good real estate offer can cost you your perfect home. There is always a competition, and one’s offer may be better and get accepted faster.
If you struggle with writing or do not know where to start, here is a brief guide on how to write an offer on a house:
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Follow the Right Form and Structure
Do not try to make up the offer on your own. There are several commonly accepted structures that you need to follow. Obviously, this document relates to various types of property, so you need to write original and informative content. However, try to follow the correct form.
Whatever the goal of your purchasing is, try to find the right contract and modify it as per your needs. The good news is that realtors usually publish a lot of structurally ideal samples on the Internet.
Focus on Grammar and Style
One of the key tips for writing a great offer when buying a house is to have someone proofread it for you. Believe it or not, mistakes make people biased subconsciously. Therefore, if you encrypt the right message into the wrong words, the house owner may feel hesitant about selling their property to you.
Luckily, there are a variety of services there the best writers work hard to improve your writing. If you are thinking, “he can write my essay for me in Australia, but what if I need business writing advice?” no worries. Writing services exist to assist you with any writing-related problem you may experience.
Avoid Acceleration Clauses
Even though there is a competition between those willing to Buying A House, your house letters should not be unfriendly. In other words, you should not include sentences like, “I am willing to pay $1,000 more on every offer you receive so that the house will be mine.” This is called an acceleration clause, and it is banned from business correspondence.
When writing an offer, you obviously have a suitable price in mind. Name it and deal with the consequences. You will be surprised, but sometimes good houses are sold at a price lower than you expect. Therefore, do not hurry, make your research, and write the real price.
Make a Deposit
In your letter to home seller, you are obliged to discuss or mention your financial situation and further steps that you are willing to take. One of the most important pieces of information you should include is how much money you are putting in escrow. The seller reads this and understands that you are serious about the figures and prices you mention in your offer.
Such deposits usually vary from 1 to 3% of the price you offer to the owner. However, this is enough for the seller to build trust and consider you as a reliable counterpart.
Include Emotional Appeal
Unless you are buying a commercial residence, your counterpart sells a house to which he or she has an emotional attachment. Some people feel that they are losing a part of themselves when they sell their homes. Therefore, do not hesitate to write why you want this house in particular. Express your feelings about it and what you will do when you become an owner.
Keep a Friendly Tone but Name Your Financing Terms
No matter how emotional this letter can turn, it still has its purpose which is business. You need to show that you have a friendly nature but stipulate your terms and conditions clearly. For example, you can specify a maximum interest rate or another contingency that allows you to cancel the deal, etc.
You can mention “all cash” which would mean that your payment does not depend on a loan or other financial conditions. Such a responsible approach usually makes your candidature seem more attractive.
Discuss Details and Shorten Inspection Periods
If you want to avoid any unpleasant consequences, it is better to get a step ahead. Mention that you would want to shorten your inspection period from 17 to 10 days. Write about your expectations concerning possession: when you would like to move in, how you expect it to be, and what relationship you want to have with the seller.
Make sure that you and the seller agree on who is responsible for paying the bills or does small repairs. You can request special reports and other documentation for your reference too.
Do not Make Your Offer Endless
People usually get too excited when they see a nice house. Sometimes they forget about the important stuff. No one wants you to lose the perfect house you have found. However, it does not mean that you cannot find another. Therefore, do not leave your house offer endless. Is should have a stipulated expiration date to make it look serious and valuable.
Check All the Details and Dates
A house offer is a formal document so you should treat it like that. Before sending it, check and double-check all prices and dates. Make sure that you are ok with all the conditions that you set forth as well as offers you make. Your suggestions should be realistic and acceptable for both parties.
Check all additional clauses or even consult them with your agent or lawyer. Something that you find nice may be unprofessional or impossible to do. If you still insist on them, lawyers may help you put them into the right legal terms.
Wrapping It Up
To sum it up, a house offer combines elements of both narrative writing and business correspondence. You should pay attention to the numbers, figures, conditions, dates as well as express your ideas clearly and grammatically correct. At the same time, you should keep a positive and friendly tone. Moreover, you can – you actually should – express your emotions to make this letter more personal and appealing.
Focus on the purpose of this letter. You need to use the right structure to make it readable, clear and consistent. If you are unsure about something, use a second opinion. A fresh pair of eyes can help you check whether the intended message is received and decide what needs correction.
Jeff Blaylock is a freelance writer who frequently does independent research. Since his main areas of expertise are Economics and Finance, he often reflects on the specifics that accompany various day-to-day or common processes. In this article, Jeff tries to explain the importance of good writing in real estate, highlighting the role of a good real estate offer in the property purchasing process.