Warren County Ohio Real Estate News and Observations: Will Tugging Heartstrings Get You A Home?

Will Tugging Heartstrings Get You A Home?

is your offer the missing piece?Most of Warren County Ohio is still in a seller's market.  There just aren't enough homes for sale, especially in the more affordable price ranges.  Go upscale and the builders have you covered, but if you're looking for your first home you may find a VERY competitive market.  You need to get there quickly, offer quickly and bring a strong offer as there's a good chance that other buyers are after the same home as you are.

And this type of environment often means a buyer's agent will get a "highest and best" request.  The home is in multiple offers.  What's the best you can do?

Sometimes a buyer CAN and WILL bump up their offer in hopes of being THE ONE.

But sometimes offering more money just isn't an option.  The buyer is already at the maximum they're comfortable spending.  They've made the offer as appealing as they can.  They're preapproved and the letter is attached.  So is there anything more a buyer can do?

It's a bit of a Hail Mary play, but including a letter with the offer may increase a buyer's odds of winning.  Explain why you love the home and your future plans for the home.  Tell a nice story to help make you an appealing buyer to the seller.  Just maybe there's common ground in your background and the seller's background that might make the seller willing to go your way.  Some heartstrings being plucked might just win over the seller.

Do I realistically expect a letter to make a difference?  Most probably not.  If another offer beats yours by thousands and thousands of dollars, MOST sellers are going to go for the bottom line and take the best offer.

But if your offer is on par with the other offers, that letter could be the one that gives the seller a reason to pick your offer.

 

 

Want to discuss further?  Just give us a call at 513-520-5305 or email Liz@LizSpear.com

We look forward to hearing from you!

Bill of Bill & Liz aka BLiz

 

 

Serving Warren County Ohio & Adjacent Areas

 

The Liz Spear Team of RE/MAX Elite
Elizabeth Spear, ABR, CRS, Ohio License SAL.2002007747

William (Bill) Spear, CRS, Ohio License SAL.2004011109  Kentucky 77938
Ask for us by name if you visit the office!

EHO Two locations: Lebanon & Mason, OH
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Liz Direct: 513-265-3004     
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Comment balloon 6 commentsLiz and Bill Spear • March 18 2019 12:10AM

Comments

Good evening 

Thank you for sharing your information with us Liz and Bill Spear 

Have a great night.

March 17, 2019. 

Posted by Anthony Acosta - ALLATLANTACONDOS.COM, Associate Broker (Harry Norman, REALTORS® ) about 1 month ago

Hi, good topic Liz and Bill Spear. I do feel in a tie situation in terms of an offer and buyer's credit being weighed in a multiple offer situation, the heart warming letter can make a difference with a Seller. Jeff 

Posted by Jeff Masich-Scottsdale AZ Associate Broker,MBA,GRI, Arizona Homes and Land Group/ Buy or Sell (HomeSmart Real Estate) about 1 month ago

I once suggested to a couple I was representing to submit a letter with their offer. They complied, we submitted the letter with their offer, and their offer was rejected. However, it worked out for the best, as they found a much better home a month later.

Posted by Krista Jenkins, REALTOR®, Residential sales and retail & office leasing (Egenbacher Real Estate) about 1 month ago

It is a wild card that works at times and then again it can backfire

Posted by William Feela, Realtor, Whispering Pines Realty 651-674-5999 No. (WHISPERING PINES REALTY) about 1 month ago

Sometimes it does work. It really depends on the person involved.

Posted by Leif Price, Content Marketing Specialist (Spot Color Marketing) about 1 month ago

Hello Liz and Bill Spear, a few months ago, my seller clients received multiple offers, the one they selected wasn't the one that offered the highest money but the one who wrote a letter that truly touched their hearts so you never know.

Posted by Beth Atalay, Cam Realty of Clermont FL (Cam Realty and Property Management) about 1 month ago

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