Sending a Letter of Interest

by: Jack Bosch

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Date: Wed, 28 Jul 2010 Time: 7:37 AM - 0 comments

Copyright (c) 2010 Jack Bosch

If you are interested in buying a tax lien certificate or a tax deed from someone who has recently acquired them at an auction, you would want to send out a letter of interest to let the property owner know that you are serious about the purchase of the property and to finalize your bid offer. A sample cover letter for your offer might include the following information:

1. An introduction - Use a professional business-letter format that includes the contact information for the person with whom you are corresponding with on the top left-hand side before the message. This should have the name of the property owner as well as the county that you are corresponding with and the parcel number of the property that they own.

2. The message - Include a brief thanks to the person with whom you have been talking regarding the property. Let them know that you have done research and analyze the specific characteristics (i.e. Location, size, access, utilities available, improvements, etc.) of the property.

3. The offer - Here is where you include the net amount you are willing to offer to the seller. Have another line that shows the amount that should include outstanding back taxes. Total those two items and you will have the buyer estimated total cost of purchase, which will be your offer. This will give them an idea that you gave thought to the amount you are offering them.

4. The close - Assure the person reviewing your offer of the extras you will be including. Note if you will be covering all outstanding back taxes, if any, as well as 100% of the closing costs which may include title insurance, recording fees, document courier charges, notary fees, etc. Let them know that as the seller there will be no hidden fees for them. Reassure them that you will pay in cash, if that is a possibility for you, and close quickly. Include a note about how you would like to make the sale process very easy. You may even attach a sale agreement that they will fax or mail back to you. Sign the sale agreement before you send it so when they sign it, they can make a copy of the agreement between you and them. The last step in the process will be to complete the transaction through a title company or attorney. You can also close in house if you would like to.