Roses are red. Violets are blue. Are love letters to sellers a good idea for you?
A homebuyer is up against multiple bids and wants a way to stand out. This is when they may try a “love letter” to the seller — a route that has become increasingly popular in recent years.
Well, this article we found from the National Association of REALTORS gives some interesting things to consider if your buyer wants to write a love letter.
“Letters to home sellers from buyers may seem innocent enough,” the author states, “however, they pose a very real legal threat.”
The problem is based on the Fair Housing Act, which is designed to eliminate discrimination. The personal information that may be found in a love letter could sway the seller’s decision and come under fire under this act.
The National Association of REALTORS uses a photo of a family around a Christmas tree as an example situation. This photo can convey things such as religion, race, family size, and other factors. Consciously or subconsciously, people may use this information to decide about picking that buyer.
While a love letter could seem harmless, it’s likely best to steer away from them to ensure you and your clients are protected and not in violation of fair housing regulations.
Ultimately, it’s your client’s decision, but as an agent, you should let your buyer know about the danger love letters pose, make it clear it could cause legal issues, and don’t agree to help them write one.
It’s also important for your buyer to have a great title insurance team behind them, like Transnation Title Agency. We know how exciting and confusing real estate can be, but we’re here to help make your closing easy and enjoyable. Visit our website today for all your needs.