Imad Massabni's Blog
While buying a home in a seller’s market, it pays to stand out from the crowd. One way to do that is with a memorable offer letter that captures the seller’s attention from the start. You must include all the right elements, however, to effectively win them over and earn the chance to buy your dream property. To make the biggest impact, here’s what to include in your offer letter.
The Story of Your Journey
Although you do not have to go into great detail, it is helpful to share information about you and your family in your offer letter. You can simply talk about your journey toward finding the perfect home and how their property fits your vision for the future. Or you can go even further in creating a connection by talking about your:
- Family dynamics
Aim to create a connection with the seller by highlighting shared interests that you may have picked up on during the open house.
Your Plans for the Space
When you share your plans for how you will use the home, sellers can start to envision you making the purchase and living there. Consider talking about your family’s various activities, such as baking and sports, and share how different areas of the home would support those endeavors.
Strive to weave in compliments about the home’s current design as you share your plans, helping create a strong connection with the seller. If you are planning on fully renovating the space, leave out those details, as sellers often feel protective of their current home design.
A Heartfelt Appeal
While remaining upbeat, add a heartfelt appeal that speaks to the heart of the seller. Use this moment to give context to your bid, explaining why you offered what you did. Then, politely ask that they consider your offer and help you realize your dreams of owning that property.
Focus on your journey and hopes for the future rather than the challenges you have encountered along the way. Remaining positive helps generate warm feelings that make it more likely your offer will be accepted. For the same reason, close your letter by expressing your appreciation of them taking the time to read and consider your offer.
Now that you know what your offer letter should include, you can sit down with a pen and paper and write it out. Although it takes more time, skipping the word processing program allows you to keep it as personal as possible. If you have a dedicated real estate agent, they can help you craft the perfect letter and send it out by the deadline. Don't have a real estate agent yet? Feel free to reach out and let's begin your homeownership journey together!
So you've found the perfect home to move to, whether it is your first home up- or downsizing, congratulations. Now it is time to pack up. The rest is exciting, but now you dread the headache of packing, knowing how much supplies that you need to get (without a million trips to the store) and making sure that your fragile items make it to the new place intact.
How many supplies you need depends on what you have
The pros have enough experience to help with estimating how much supplies you should get based on the size and the description of your home and possessions. To get a picture of what is needed, a rule of thumb to measure by is per 1200 square feet of living space. Some suggestions are one 25-lb roll of packing paper, six rolls of tape, one roll of small bubble wrap (more if you have a bursting kitchen or many trinkets), mattress covers for all your mattresses and box springs (make sure they are the right size) and 80-100 furniture blankets.
Getting and keeping your boxes sealed
Depending on the scope of the move (length, time, movers or friends, etc.) you may be used to folding the flaps of your boxes closed, but this leaves them vulnerable to moisture, insects and other stuff getting into your boxes. Not to mention that it makes it much more likely that something will fall through (cue driveway full of what was once packed nicely into the box now empty in your hands). The easiest way to ensure that nothing goes in or out of your boxes once packed place three strips of tape across the top and bottom of all of your boxes. Types and number of boxes can be determined by asking your movers or putting it into a moving supplies calculator online.
Packing paper helps protect breakable items by preventing friction between objects. It does not leave ink residue that you have to try to remove after unpacking everything. It also helps to cover knives and other such items to help keep injuries from happening while unpacking. Bubble wrap is for the more fragile items in your house. Small bubbles for smaller things and large bubbles for things like large art and such.
Mattresses and box springs need care too
Mattress covers are essential for protecting the place where you spend one-third of your life and ensuring that no stains, dust or rips affect your investment. If you have a king size bed, remember that the box spring is usually two extra-long twin size so remember to get covers accordingly.
Don't forget to protect your furniture during the move. Scratches, dings, and dents, or broken drawers and doors, especially on expensive or heirloom furniture, could put a damper on any move. If that many blankets are too many for your budget, get enough for your most important furniture and then get paper moving pads or shrink wrap for the rest.
Avoiding the headache that can accompany moving
Although moving can be stressful, there is no reason to make it any more so than necessary. Do some research or ask a professional near you to take the stress, and trips to the store, out of moving this time around and enjoy your new home.
Buying a home will likely be the most important and expensive purchase you ever make. And, although that might seem like a scary commitment, it’s one well worth it. It’s an investment in your future. There are many benefits or perks that come with owning a home.
Equity: Owning your own home typically comes with gaining equity. Every month that you pay your mortgage, you are increasing your equity. And as long as the market continue upwards, your home and the equity you’ve gained will hold significant value.
Privacy: Privacy is a large perk of owning your own home. This is more so possible when owning a single-family home in a rural location, but many duplexes and condos also provide opportunities for privacy. And in many cases, since you own the home,you can put up your own privacy such as planting arborvitae trees along your properties edge.
Tax Advantages: One of the biggest perks when owning a home is the ability to deduct mortgage interest on your federal income taxes. This will be a significant amount for the first few years of your mortgage, making this a huge benefit. Although, the amount of interest paid decreases over the years, there will still be deductible interest paid in the last few years of your mortgage.
Space: Houses will almost always provide you with more space than an apartment—and it will certainly have more space than your childhood bedroom. The space will be all yours, which means not having to share with other renters or your parents. Of course, home location and the market come into play here, but for the most part you will get more square footage for your money—as landlords charge high rents to cover things like water, electricity, snow removal, or still charge high rent prices and do not cover any of those other expenses.
No restrictions: There are many restrictions that come with renting or living in a condominium. These restrictions could include no pets, parking restrictions, outdoor updating restrictions and many other different types of constraints. When you own your own home, you make the rules. If you want to put up a fence, you can. And if you want to put an addition on your house, you can do that too. Just be sure to check with your town before beginning any construction projects.
Establishment: Buying a home provides you the ability to set down roots, to be established. Although, not a benefit to some, it is to many. Buying a home provides you with ownership and a sense of freedom. You now have the opportunity to invest in something that is yours. You can make updates to the bathrooms, add a pool in the backyard, and paint the front door any color you want—because it’s yours.
A home is often the foundation of one’s life and who can deny its appeal with these perks discussed above? So, what are you waiting for? Start your search today!