When it comes to making a real estate offer, a well-written offer letter can make all the difference. A good offer letter can help you stand out from other potential buyers and increase your chances of getting the property you want. In this article, we will provide you with tips on how to write a great offer letter, along with examples that you can use as a template.
Before we get started, let’s go over what an offer letter is. An offer letter is a written communication that outlines the terms and conditions of a real estate transaction. It typically includes information such as the purchase price, financing terms, and any contingencies that need to be met before the sale can be finalized. By using a template, you can save time and ensure that your offer letter includes all the necessary information.
Tips for Writing a Real Estate Offer Letter Template
Here are some tips to keep in mind when drafting your real estate offer letter:
Title: Keep It Simple
Start with a clear and concise title that clearly states the purpose of the letter. This will help the recipient understand what they are reading and what you are asking for.
For example, “Offer to Purchase 123 Main Street” or “Real Estate Offer Letter for 456 Elm Street.”
Explain Your Purpose
In the opening paragraph, explain why you are writing the letter. Be sure to include the address of the property you are interested in and any other pertinent details.
Provide Examples
It’s always helpful to have examples to work from. You can find real estate offer letter templates online and use them as a starting point. You can then edit the template to fit your specific needs and preferences.
Examples of Real Estate Offer Letter Templates
Waiving Financing Contingency
Greeting: Dear Seller,
Letter Body:
We are writing to express our interest in purchasing your property at [Address]. We have fallen in love with the home and are excited about the prospect of making it our own. We have secured a pre-approval letter from our lender and are confident that we can obtain the necessary financing to purchase the property.
We are willing to waive the financing contingency and provide proof of funds to show that we have the ability to close the transaction. We hope that this offer demonstrates our commitment to purchasing this property and will help us stand out from other potential buyers.
Complimentary Close: Sincerely,
Escalation Clause
Greeting: Dear Seller,
Letter Body:
We are thrilled to submit an offer for your property at [Address]. We have fallen in love with the home and are willing to do whatever it takes to make it our own.
We understand that there may be other offers on the table, and we want to make sure that our offer stands out. We are including an escalation clause that will increase our offer by $5,000 above any other offer you receive, up to a maximum purchase price of $[Price].
We hope that this offer demonstrates our commitment to purchasing this property and will help us stand out from other potential buyers.
Complimentary Close: Best regards,
Cash Offer
Greeting: Dear Seller,
Letter Body:
We are writing to express our interest in purchasing your property at [Address]. We have fallen in love with the home and are excited about the prospect of making it our own.
We are pleased to offer you an all-cash offer for the property. By eliminating the need for financing, we can close quickly and easily. We understand that this may not be the highest offer you receive, but we hope that you will consider the convenience and simplicity of an all-cash transaction.
Complimentary Close: Thank you for your consideration,
Contingent on Sale of Current Home
Greeting: Dear Seller,
Letter Body:
We are writing to express our interest in purchasing your property at [Address]. We have fallen in love with the home and believe that it would be the perfect place for our family.
However, we are currently in the process of selling our current home. We are willing to make an offer on your property contingent on the sale of our home. We have already accepted an offer on our home, and we anticipate that the sale will close within the next [Timeframe] weeks.
We hope that you will consider our offer and understand our situation. We believe that your property would be the perfect place for our family, and we are excited about the possibility of making it our own.
Complimentary Close: Best regards,
Family Home Offer
Greeting: Dear Seller,
Letter Body:
We are writing to express our interest in purchasing your property at [Address]. We are a family of [Number] and have been looking for the perfect home for some time now. We believe that your property would be the perfect place for us to grow and thrive.
We are willing to offer [Price] for the property and are open to negotiating any other terms that you may have. We hope that you will consider our offer and understand how much this home would mean to us.
Complimentary Close: Thank you for your consideration,
Highest and Best Offer
Greeting: Dear Seller,
Letter Body:
We are writing to submit our highest and best offer for your property at [Address]. We understand that there may be other offers on the table, and we want to make sure that our offer is competitive.
We are willing to offer [Price] for the property and are confident that this is the best offer we can make. We hope that you will consider our offer and give us the opportunity to make this property our own.
Complimentary Close: Sincerely,
Personal Touch
Greeting: Dear Seller,
Letter Body:
We are writing to express our interest in purchasing your property at [Address]. We have fallen in love with the home and believe that it would be the perfect place for us to make memories and grow as a family.
We understand that this may not be the highest offer you receive, but we hope that you will consider the personal touch that we can bring to the property. We are committed to taking care of the home and making it a part of our family for years to come.
Complimentary Close: Thank you for your consideration,
Frequently Asked Questions
What is a real estate offer letter?
A real estate offer letter is a written communication that outlines the terms and conditions of a real estate transaction. It typically includes information such as the purchase price, financing terms, and any contingencies that need to be met before the sale can be finalized.
How do I write a real estate offer letter?
Start with a clear and concise title that clearly states the purpose of the letter. In the opening paragraph, explain why you are writing the letter and include the address of the property you are interested in. Use examples as a starting point, but edit the template to fit your specific needs and preferences.
What should be included in a real estate offer letter?
A real estate offer letter should include the purchase price, financing terms, and any contingencies that need to be met before the sale can be finalized. You should also include any personal touches that you feel may help your offer stand out.
What is an escalation clause?
An escalation clause is a clause in a real estate offer that allows the buyer to increase their offer by a certain amount above any other offer that the seller receives, up to a maximum purchase price.
What is a financing contingency?
A financing contingency is a clause in a real estate offer that states that the sale of the property is contingent on the buyer obtaining financing. If the buyer is unable to obtain financing, they can back out of the sale without penalty.
What is an all-cash offer?
An all-cash offer is an offer to purchase a property that does not involve financing. The buyer pays for the property in full at the time of closing.
What is a contingent offer?
A contingent offer is an offer to purchase a property that is dependent on certain conditions being met. For example, a buyer may make an offer contingent on the sale of their current home.
Conclusion
A well-written offer letter can help you stand out from other potential buyers and increase your chances of getting the property you want. By following the tips and using the examples provided in this article, you can create a strong and effective real estate offer letter that will help you achieve your goals.