Industry Update: the Future of eClosing and RON

Join industry experts for an in-depth discussion on the future of eClosing and how hybrid and RON closings benefit lenders and borrowers.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How Biden’s Neighborhood Homes proposal impacts real estate investors

Dubbed the Neighborhood Homes Tax Credit, the proposal is part of the larger American Jobs Plan legislation — also known as Biden’s infrastructure plan. Here's a look into how it impacts real estate investors.

Real Estate Enthusiasts

Here are house offer letter samples to win a bidding war

3 examples to use as a reference point

Financial Foundations_01

Editor’s Note: Regulation around cover letters may vary by state. Be sure to check your local regulation to see if you’re allowed to use a cover letter.

With multiple offers pouring in on one house, house offer letters can be the determining factor in which buyer a seller chooses. And given today’s shortage of housing inventory, don’t take lightly the importance of writing up a genuine and heartfelt letter on why owning this home is important for your future. At the end of this article, we have three house offer letter samples.

Whether it’s the future house to raise your first child in or within a few miles of your parents, let the buyer know why this specific house is perfect for you.

Angela Bao, a realtor at ERA iRealty in Plano, Texas, recently outlined tips in a HousingWire blog on how buyers can win a bidding war against all-cash offers, pointing out the importance of a cover letter.

“When you have a seller who is attached to their property and interested in seeing it go to the right buyer, a personalized letter could be the strategic advantage that gets you a winning bid,” said Bao.

“In many cases, cash offers are made by investors looking to either flip the home or convert it to a rental property. If you are a couple looking to raise a family in that home, stating that intention in the letter could appeal to the seller’s emotional side and close the deal in your favor,” said Bao.

Several years ago, HousingWire published an article titled, “Here’s a sample cover letter to help secure your client’s dream home.”

Even though the home offer letter sample in the article is still relevant, HousingWire asked Bao, along with a couple other Realtors, to send in more examples of cover letters.

Since bidding wars are still very common in the market, hopefully these examples can serve as a reference point on how to write your own.

The three examples are below. Click to enlarge the letter. 

Example 1:

Click here

Example 2:

Click here

Example 3:

Click here

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please