[quote=spdrun]Why would a seller give a flying spaghetti frig about some sappy letter? It’s a commercial transaction. The purpose is to obtain cash. The firstest with the mostest wins this game.
The people writing the letters should save their time.[/quote]
I totally agree. Maybe a VERY few times it might work if a few people are offering the same amount and the seller has a strong emotional attachment to their place and it’s either paid off or the amounts are all the same. I’ve heard of a few cases where someone thought their letter helped. (But who knows if it actually worked).
I’ve written letters before but not sappy letters. They were to the point letters where I offered to buy their place, was able to pay cash, offer a quick close and they could avoid realtor’s fees. I also agreed to reimburse them for any legal fees if they wanted to consult with their lawyer. Sometimes I agreed to pay for a professional mover to move their stuff out after the closing.
I once slid a letter under every single condo in a building. I wanted to try to buy the entire building and convert it to a hotel. The letter helped me buy 9 out of the 50 units but none of the others wanted to sell. Letters can work but not those sappy type letters.
I’ve purchased dozens of properties with those “to the point” type letters. They can and do work.
