Jay LeClerc - RE/MAX On the River Find a Home in Newburyport MA


Making an offer on a home you’re hoping to buy is a stressful endeavor. You want your offer to stand apart from others, and if you don’t feel comfortable increasing the offer, a personalized letter is a good way to explain your situation and possibly sway the seller in your favor.

Sounds good, right? But when most of us sit down to write an effective offer letter we often come up stumped. What makes your situation different than any other hopeful buyer? How do you find the right tone in your letter? How do you sign off at the end? 

There are a number of things to consider when writing an offer letter. So, in this article, we’re going to help you craft an offer letter that will give you the best chance of getting accepted by a home seller.

 Begin with them

Before you start talking about yourself and why you love the house, start by addressing the seller by name. Thank them for letting you view their home, and compliment them on the work they’ve done to take care of it.

Why you love their home

A good place to start in your offer letter is to describe exactly what sets their home apart from the others you looked at. Are there defining characteristics of the home that make it perfectly suited to your family? Does it have a large yard that your dog will love to run in or the workshop you’ve always wanted to practice your woodworking?
Make your letter personal. This is your chance to show that you aren’t just concerned with the price of the home.

Share information wisely

Some buyers get excited about all of the changes they would make if their offer was accepted on a home. And while it’s okay to plan and be excited for the future, you might not want to share that information with the seller.

Remember that they have many memories and hours of work put into their home, and they might not appreciate you talking about how you’re going to start tearing down walls.

Be concise

Once you get into the flow of writing your letter, it’s easy to get carried away. However, sellers will be more receptive to reading and understanding your letter if it is short and to the point. Try not to go over a page, single-spaced.

Once you’ve written your letter, review it to see if there’s anything that can be simplified or removed altogether.

Peer review

Before sending your letter, have a family member, friend, or real estate agent look it over. Not only will they be able to catch small grammatical errors, but they’ll also let you know if something you’ve written is confusing or would be considered over-sharing.

Presentation

You might be tempted to hit the send button as soon as you’re done with your letter. However, receiving an email can be impersonal--we all get hundreds of emails that we never even open. Rather, print your letter on nice paper, sign it by hand, and consider attaching a family photo if you have one that’s suitable.


Is the Recent Dip in Interest Rates Here to Stay?

Is the Recent Dip in Interest Rates Here to Stay? | MyKCM

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey.

After the first week of 2019, rates have continued their downward trend. As Freddie Mac’s Chief Economist Sam Khater notes, this is great news for homebuyers. He states,

“Mortgage rates declined to start the new year with the 30-year fixed-rate mortgage dipping to 4.51 percent. Low mortgage rates combined with decelerating home price growth should get prospective homebuyers excited to buy.”

In some areas of the country, the combination of rising interest rates and rising home prices had made some first-time buyers push pause on their home searches. But with more inventory coming to market, continued price growth, and interest rates slowing, this is a great time to get back in the market!

Will This Trend Continue?

According to the latest forecasts from Fannie Mae, the Mortgage Bankers Association, and theNational Association of Realtors, mortgage rates will increase over the course of 2019, but not at the same pace they did in 2018. You can see the forecasts broken down by quarter below.

Is the Recent Dip in Interest Rates Here to Stay? | MyKCM

Bottom Line

Even a small increase (or decrease) in interest rates can impact your monthly housing cost. If buying a home in 2019 is on your short list of goals to achieve, let’s get together to find out if you are able to today.


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This Single-Family in Merrimac, MA recently sold for $540,000. This Victorian style home was sold by Jay LeClerc - RE/MAX On The River.


11 Woodland St, Merrimac, MA 01860

Single-Family

$548,777
Price
$540,000
Sale Price

11
Rooms
6
Beds
2/1
Full/Half Baths
Perfect soiree' of elegance and function this 6 bedroom, 2 1/2 bath, Historic Victorian home not only was meticulously restored to its monumental era, it comes with modern upgrades, including the kitchen with stainless steel appliances, restored hardwood flooring and freshly painted throughout. The most beautiful details include decorative interior trim, winder staircase, builtin shelves, stylish light fixtures and the elegant living room features a 19th century wood fireplace mantle. Plenty of room for everyone, the second floor has a master bedroom with three additional bedrooms and the upper level includes two extra rooms, perfect for a craft room, a guest room or a home office. Last but certainly not least you can relax outdoors among the beautifully landscaped backyard with brick patio or sit on the front porch with your morning coffee. Two car garage tops it off with close proximity to schools, downtown Merrimac and easy access to 495 and 95.




Ready to kick off your search for the perfect house? You may need to find an expert real estate agent first. By doing so, you can streamline the homebuying process and discover a house that meets or exceeds your expectations.

However, selecting a real estate agent can be tricky, especially for first-time homebuyers. And if you make the incorrect choice, the risk increases that you may encounter problems as you conduct your search for the ideal residence.

We're here to take the guesswork out of finding the right real estate agent to guide you along the homebuying journey.

Now, let's take a look at four questions that every homebuyer needs to ask a real estate agent.

1. What is your real estate experience?

Learn about a real estate agent's housing market experience – you'll be glad you did. With this information at your disposal, you can find out how a real estate professional has helped past homebuyers achieve their goals.

Also, ask a real estate agent about how he or she deals with homebuying challenges. This will enable you to find out whether a real estate agent can help homebuyers through tough times, or if a real estate professional struggles when he or she is faced with homebuying hurdles.

2. How do you communicate with clients?

As a homebuyer, it is essential to find a real estate agent who is readily available. This real estate professional will keep in touch with you at each stage of the homebuying journey and ensure you can make informed decisions along the way.

A real estate agent who prioritizes communication will keep you informed about open houses and new residences as they reach the housing market. As such, this real estate agent may help you accelerate the process of going from homebuyer to homeowner.

3. Can you provide client references?

Typically, an experienced real estate agent will be able to provide client references at any time. If you get in touch with these references, you can gain firsthand insights into what it might be like if you select a particular real estate agent.

If a real estate agent cannot provide client references, this is a surefire red flag. In this scenario, you may want to consider other real estate agents who have proven they know how to deal with potential roadblocks on the homebuying journey.

4. Why should I hire you?

When it comes to finding the right real estate agent, it is important to understand how a real estate professional stands out from the crowd. By asking a real estate agent why you should hire him or her, you're sure to receive a unique response that gives you a better idea about what this real estate professional is all about.

Spend some time reviewing multiple real estate agents in your city and town. And if you use the aforementioned questions, you can boost your chances of hiring a real estate agent who can help you discover your dream residence quickly and effortlessly.


This Single-Family in Merrimac, MA recently sold for $360,000. This Ranch style home was sold by Jay LeClerc - RE/MAX On The River.


40 Birch Meadow Road, Merrimac, MA 01860

Single-Family

$364,777
Price
$360,000
Sale Price

5
Rooms
3
Beds
1
Baths
Recently updated Ranch style home has an updated kitchen, bathroom, and hardwood throughout... newer siding, Azek trim, windows, high-efficiency furnace and upgraded electric are many of the reasons to call this house your home. The peaceful country setting and an abundance of outdoor space with 8.8 acres of land. Looking for a smaller lot; you can use what you need and let the rest grow natural. If single level of living is what you are looking for, then don't miss out on this one!

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