Q&A for How to Write a Letter of Interest for a House

Assuming you are attempting to convince an owner to sell his/her home, follow the steps in this article, especially steps 3, 4, and 5 in the first section. You will also need to emphasize the benefits of selling — downsizing, relocating, turning home equity into cash — to convince a reluctant owner to listen to your offer.

Most government homes are homes that have been foreclosed on that had FHA loans, USDA loans, or VA loans. You can go to this link for the first two types of loans at hudhomestore.com and find a registered REALTOR to assist you. You must use a broker that is registered here and licensed in your state. You may not be able to submit a letter of interest here as the government has their own forms and processes that they use. Another great resource is located at homesales.gov. Whoever receives your bid will be looking for all of the required paperwork and will possibly ignore anything not requested or required. The government does not deal directly with a buyer, but has contracted with individual companies that handle thousands of transactions for a wide region of each section of the country. The companies will negotiate on behalf of the government, but they probably have guidelines in place as to when the price reductions can occur (for example, at least 30 days between) and minimum amounts that can be accepted or reduced, like a percentage of the appraisal or current listed price. Work with a REALTOR who is certified or registered to sell government owned properties in your state or the state you are interested in purchasing to assist you.

If you are working with a REALTOR who specializes in the lease/sale of land, they should be able to help you draft a letter. They may have templates to work with already. There are many websites you can find via a search engine that will also bring up sample letters of intent that you may be able to use. Use the points within the article to ensure they are complete and meet your specific needs. Try a website like usattorneylegalservices.com to find letter of intent templates.

Determine the Department of the Bank that manages the property and the manager of that Department. Review wikiHow's How to Buy Bank Owned Foreclosures as well.