Writing An Offer Letter.

Greetings All,

There is a house on my block I would like to purchase. The house needs a good $20K to fix it up nice. I have found the owner and address. How or what do I say in a letter to the owner to offer them a fair market price and to get them interested in selling? Does anyone have a formula or pre written letter that is used? Looking forward to your replies. Thank You

Comments(5)

  • ray_higdon13th February, 2005

    Cash for your house!

    Need out fast, we can close within 48 hours!

    Call today for a free evaluation.

    Hope that helps
    [addsig]

  • ryand14th February, 2005

    go to his house, knock on the door, ask him if he wants to sell his house?????

  • JasonFLAinvestor16th February, 2005

    First have the house appraised as it stands right now. Based on what you are saying....it should appraise in the $130k area....because it an investment, you can get 80% financing through most banks.....finance the home for $104k (80% of 130k) and then after the 90k for the house, you walk away from the closing table with $14k, and now you have the cash to do the repairs on the home, combined with your $8k and the $14k should cover repairs and then your own advertising to sell the home....with $112k invested, sell it for $150 after all repairs....a nice fat $38k payday....OR you could just get the house under contract, and then flip it to a rehabber, for say $10k (this way you would never have to close on the property)....obviously to capitalize on the profit, plan A would be the best move....

  • crispy3816th February, 2005

    I got a lender working on the loan qualification right now. I like your idea though, I just have the cold feet...But warming up quickly. I was trying to see if I could get a construction loan to do the repairs and take money from the closing.

  • motivated_buyer14th February, 2005

    Damn good pitch...now explain the transaction 8-)

    Good Closing

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