Author: NewMedia Denver

5 Best Practices For A Buyer To Seller Letter

Finding the house of your dreams can be bittersweet. On one hand, buying it is a major achievement, and the peace it brings is equal to none. However, losing the bid on that house can feel like your soul gets crushed.

That’s why prospective buyers often do everything they can to get that house. A buyer letter to seller is an excellent way to tip the balance in your favor. However, you need to know how to write it properly.

What exactly is a buyer letter to seller?

In competitive housing markets, which many states across the country are experiencing right now, it can be hard to find the right edge over other buyers. So many buyers are exhausted with finding a house they love, putting in an offer, only for another offer to be accepted. Clever has a great article explaining what these letters are. It’s essentially a complimentary letter for your offer directed to the seller. The goal behind it is to create a more personal connection with your seller.

So, these letters to the seller focus on triggering an emotional response. You want them to prefer you for more than your bid. The best letters can convince sellers to accept your offer, even if they have larger bids from other buyers.

Why should you care?

A buyer letter is a significant leverage if you write them correctly. You can add more weight to your offer after creating an emotional connection with a seller. Therefore, you don’t need to rely solely on your capital.

If no one uses these letters, the decision is a lot simpler for the seller. They just need to go for the highest bid. Therefore, this strategy can help you curb a significant disadvantage, especially if you’re somewhat low on funds.

The 5 keys for a good letter

Anyone can write a buyer letter to seller, but writing the perfect letter can be a challenge. You need to know which words you should use as well as which emotions you want to target.

Luckily, Investopedia has several tips you can use to craft a great letter. We’ll summarize them into the 5 main practices you want to implement.

Before diving into it, keep in mind that every seller is different. Not all of them will respond to the same triggers in the same way. It’s your responsibility to understand them and proceed accordingly.

Connections

Find something relating you and the seller together. Focus on these aspects to help them empathize with you. Universities, hometowns, and hobbies are a great start.

Conciseness

You want to cover all the aspects you need, but don’t make it too long. Keep the letter straight to the point. You don’t want the seller to feel bored reading it,

Positiveness

Don’t bring up uncomfortable topics. That includes previous lost offers. You don’t want to come off as dramatic or desperate.

Be engaging

Avoid generic sentences, like “I like your house.” Explain why you like it and how it fits your life goals. However, do avoid mentioning remodeling or any changes to it.

Proofread!

Before sending it, read everything you just wrote. You want to spot errors, sure, but your main focus should be on whether or not you’re sending the right message.

Orlando’s New Highrises Coming Soon

2020 has been a year different to any other. Real estate hasn’t been unaffected by this, as many markets saw significant losses. However, to say that it was purely detrimental would be an exaggeration.

Many markets have overcome the crisis surprisingly well. We could even argue that many markets have grown quite noticeably during the pandemic. From a vibrant life to plenty of adventures, there is plenty to do in Orlando. The city seems to be home of one of these sectors: mainly, high rise development in Orlando.

High rise development Orlando is surprisingly booming

As detailed by Click Orlando, high rise real estate in the region has experienced a noticeable boom in residential high rises. With several projects undergoing development, there are still quite a few being planned.

There are about 18,000 downtown residents, and several thousands are promising relocation to the sector.

The main reason behind this movement is actually surprisingly simple. The city has been experiencing noticeable demand for housing units. It goes beyond residential space as well, and there seems to be five major projects as of the report, with 10 under planning.

Challenges to keep in mind

The report also details a few difficulties currently troubling developers, even before any of these projects see their completion. An important concern is the lack of grocery stores (only one available), especially with the number of upcoming residents.

Creating new convenience venues in the area should become a priority quite soon, especially with new residents.

Another issue is how cramming these high rises could impact quality of life in the area. Requests for the government to decline projects are starting to surface, so projects under planning phase are noticeably uncertain.

Most promising upcoming high rises

The mentioned article goes through a few noticeable high rise development Orlando projects, but the Orlando Sentinel offers better insight into the subject.

In the article, they go through 3 specific projects that could become game changers for the city. When we say “game changers” we don’t really mean they could change the lifestyle, but they could set significant precedents for future developments in terms of design, practicality, and more.

Vertical Medical City

This project promises to become the tallest structure in the area. It’s planned on Orange Av. near Interstate 4, and it would span 444 feet in height. As the name suggests, it’ll be a healthcare facility.

It’ll span both medical and research offices as well as assisted living quarters. It’s actually a 2-building project that strives to revolutionize health care installations.

Zoi House

Zoi House is another intriguing project, planned in the same height as Vertical Medical City. It’ll span 41 stories, located towards North Orange Av. Its space distribution is more diverse than the previous project.

It’s mainly a residential unit, with 300 spaces throughout 24 floors. However, it’ll also sport a retail ground floor and 6 floors for offices.

X-Orlando

Finally, X-Orlando aims to become the biggest residential structure in the area. It’s made up by 3 towers, slightly shorter than our previous entries at 368 feet.

However, it’ll include 900 apartments with 1,500 parking spaces. Additionally, it’ll include 85,000 sq. ft for retail—besides the ground floor—and 35,000 for co-working amenities.

Habitat For Humanity – How Property Managers Can Give Back

A good community associate needs more than merely showing themselves to homeowners and tenants. Property management is complex, but starting your own home isn’t easier.
Everyone needs help now and then, and managers can do something about it.

Habitat For Humanity is a NPO (non-profit organization) built by property managers and homeowners. It’s also an excellent chance if you want to give something back to people in need.
If you’re interested in helping others find and build the home of their dreams, you’re in the right place.

What is Habitat For Humanity?

Habitat For Humanity is a worldwide organization. It focuses on helping local communities around the world and most of the US. Their main objective is to help ensure everyone has a good home.

Their focus includes strength and stability for families helped by the organization. That means providing an affordable home that comes with all the amenities they need. Volunteers help Habitat homeowners to build these homes.

The goal behind Habitat

A community associate is a great advantage for anyone in need of decent housing. Habitat For Humanity’s mission goes beyond offering housing for people in need. They aim to develop self-sufficient communities, focused on cooperation and hope.

They come from the main Christian value: loving your neighbor. In this case, it’s quite
literally. Volunteers and Habitat homeowners work together to build the community they
always dreamed of.

Naturally, they’re strong affordable housing advocates and actively work towards it.
Transformative and sustainable development are two crucial pillars behind their
methodology, and education is another priority for all volunteers.

Building the right community association

Habitat For Humanity is more than a chance to find an affordable house if you need. It’s also more than volunteering to build houses. Community associates should actively work towards improving the community—not merely individuals.

That’s why Habitat aims to build cooperative communities. In other words, it’s more than
affordable housing. It’s the promise of a supporting circle that has its homeowners’ back
whenever they need.

Volunteering isn’t difficult, and you can get started quite quickly if you wish to give back to others.

Educating yourself

Volunteering can feel intimidating if you don’t know where to begin. Thankfully, Habitat For Humanity offers plenty of resources to help you understand what to do.

You can learn about their strategy as well as important terminology to ensure you’re an
authority in the subject.

Improving other communities

Of course, the main task for Habitat volunteers is to build affordable homes. That’s how they started over 40 years ago, but it’s not the only responsibility.

Additionally, property managers can provide valuable assistance from their experience. That includes financial and management preparation, encouraging strong relationships, and more.

Free volunteers

In the end, you don’t have to volunteer for a specific role. You’re free to browse their different options to find what’s more comfortable for you.

You can help local or global communities depending on your traveling preferences. The
same is true for becoming a short- or long-term volunteer.