Write a letter
Beyond the basic agreement of sale paperwork, including a letter explaining why you're
so passionate about buying the home can help you stand out from the crowd.
A quick biographical sketch of your buyers—what made them fall in love with the home,
the neighborhood, or any other personal details that might help build empathy with the
Letters are especially effective in situations where the sellers have an emotional
connection to the property. For example, an elderly couple looking to downsize might be
more inclined to choose a young couple who are looking to start a family.
Keep financing clean
Where financing is concerned, buying a property with cash is always attractive to
sellers, if you can afford it. Since a mortgage lender won't have to get involved, the sale
process becomes much easier and there won't be any worry that a loan won't get
approved at the last minute. That being said, cash certainly isn't an option for every
buyer. If a mortgage is a must, make sure that you provide a pre-approval, so that the
sellers know a lender has already vetted your finances.
Providing either a pre-approval or proof of funds for a cash deal is a must. "Whether you
are planning to take out a mortgage or pay all cash, you can stand out from other offers
if you show you are a serious buyer by proving you have the funds to buy the home," he
Buy the home 'as is'
Agreeing to buy the home "as is" essentially means that you are agreeing to purchase
the home in its current condition and releasing the sellers from the responsibility of
making any repairs. It's a very attractive option from the sellers' point of view because it
increases their net profit.
Keep in mind that buying a home as is doesn't mean that you have to forgo inspections
entirely. It simply means that they will be for informational purposes only. You'd be
entitled to elect any inspections you wish—and to walk away if major problems are
uncovered. However, regardless of what the reports show, any repairs will be your