Include the following details:
1.The names, ages and relationships of all occupants.
2.A little history about your previous homes and how that relates to this home.
3.Your occupation, education and struggles to get to where you are in life.
4.List the specific reasons why you fell in love with this home.
5.Explain why you deserve to live in this home and how you will care for it.
A seller's house is a place where joy is shared, sorrows are expressed, hopes and dreams are crafted; it's a place of treasured memories. If it's not a happy situation (divorce, etc), then forget the letter approach entirely...
Good luck -- and remember CA$H is King! ... and COMPASSION is Queen :-)
The offer most likely to be accepted by their lender. This is usually all about financials.
A buyer who truly understand that the purchase is "as is".
A buyer who maybe doesnt need to move quickly, one who can wait along as long as the sellers lender delays
A buyer who has a very easy lending product or no loan so they can close quickly once the lender provides an acceptance/ if accepted.
The Realtor who presents your offer should be a very strong communicator who can present to the sellers realtor that you can perform on all of these items. Assuming your offer is competing with finanicallysimilar offers, relationship or likelihood that you will be all of these things for the seller/sellers agent, can make a difference, if you can really do the things I have outlined as strongly desirable to sellers/sellers agents.
Good Luck and remember, buying a short sale is frequently an added layer of stress on an already stressful activity. You will want to "not sweat the small stuff" and be flexible, patient and make sure you are working with someone who has excellent communication and follow up skills.
As a road warrior I am the last party to be a scenic, but if you reference the LA TIMES
SUNDAY front page on 06-10-2012 you will see that 'bidding wars' are back in the
Real Estate business. We are seeing it in Ventura County every day.
Banks don't deal with emotions,there not in the real estate business, I am afraid
you are better off finding a good broker to help you achieve your budget goals in
purchasing a home unless you have time to write a letter. Even seasoned SHORT
BROKERS don't get the time of day with Banks because of the tsunami of short
sales in their inventory.
Historically low interest rates, coupled with an upcoming presidential election tells me
that this window of opportunity we have had in the last 18 months to buy at the bottom
of the market will disappear.