Should you be working on crafting a Dear Seller letter to the seller of your next home in San Diego?
San Diego real estate agents are reporting that Dear Seller letters are making a big comeback in the midst of a sizzling spring market, where many of those buying a home find themselves neck deep in brutal bidding wars.
We aren’t just seeing multiple offer situations on home listings on rare occasions anymore. It is now normally a question of how many offers will come in and how fast with a new record of 250 offers recently set in a transaction that resulted in the property selling for $400,000 more than the asking price.
There are still thousands of available homes in San Diego County and on average they are still going for 30% discounts from their previous values or about 130% less than they are expected to be valued at within the next 10 years.
However, hot demand and fierce competition amongst those buying a home in San Diego, CA means those that are serious and find a property they really want need to do everything they can to make their offers stand out as the best.
Drafting a cover letter highlighting why you are the best pick as the buyer could certainly help. Many local buyers and their real estate agents have recently sworn by it as the hook that sealed the deal for them.
Of course it might not do much good in some cases where real estate agents are so commission crazed they won’t even show sellers an offer unless it guarantees their commission and the highest amount of commission.
Still it is a savvy move that your buyers’ agent should be doing on your behalf anyway and can absolutely make a massive difference when bidding on a for sale by owner property.
A dear seller letter ought to include items like your profession, how easy loan approval/ funding will be, what a nice buyer you are, how the home going to a good owner or cause like a newly married couple or those with special needs kids. If you don’t feel like a naturally talented writer and your agent isn’t either consider going online to hire a freelance writer through websites like oDesk.com
