Letter to Owner

[Mary R.]

Several months ago I looked at, and made an offer on a SFD through a seller agent. It was overpriced and it needed a lot of work. Two written offers reflected that. Even my third (verbal) offer was lower that what they felt they should get.
I don't know if the agent faxed my offers to them or not, if she gave my name or not.

The property was not sold, and listing expired a few weeks after my last offer. I'm still interested, and planned to write the owners to ask if they were interested in selling it. I hope the post office will forward their mail.

Any suggestions as to what to put into the letter-or what to not put into it?
Thanks,
M Read

[Don Konipol]

Once you become more experienced you'll no longer spend so much time and concern about any one possible deal. You will find that you will have to make 20 offers to get one accepted if you are trying to buy below market. Just send a letter stating that you are interested in buying and the price you will pay. No need to get cute. If seller is interested he will get back to you.

If and when your offer is accepted then you will have to find out if the transaction is even doable. You will run across situations in which the owner owes much more than the property is worth, the owner has a number of judgements against him which attach to the property, and even situations in which the "owner" does not have the authority to sell the property. It is a numbers game. Always be tight with your money, throw nickels around like their manhole covers! The next deal is always one contact away.