Here is the research:
Please assume the role of a professional and experienced property investor in the UK. Adopt a friendly, down-to-earth, and professional tone. Maintain a level of word choice and communication suitable for a college-educated audience. The intended recipient of this letter is a vendor, aged approximately 40 years or older, who is currently attempting to sell their investment property on the open market. Based on your research, it appears that they may be encountering difficulties in selling the property. This letter is unsolicited, and the vendor does not typically receive this type of correspondence. Your task is to write a one-page letter in British English, using UK property terminology, inviting the vendor to consider a cash offer with a further reduction, supported by the research you have conducted below:
Mr. Bob Smith [Vendor’s Address] [City, Postal Code]
Dear Mr. Smith,
I hope this letter finds you well. My name is [Your Name], and I am a professional property investor with extensive experience in the UK market. I understand that you are currently selling your investment property at 10 Redbrick Lane, Birmingham, and I wanted to reach out to you with a proposition that might be of interest.
I have been closely following the property market in the Birmingham area, and it has come to my attention that your property has been on the market for some time. It is my understanding that you initially listed it at an asking price of £155,000, and it has since been reduced by 11%. Additionally, I have learned that your property has encountered some challenges, having fallen through three times during the sales process.
I would like to express my genuine interest in your property. Given its potential and the unique circumstances, I am prepared to make a cash offer for your property that is even more competitive than your current asking price. I believe that we can find a mutually beneficial arrangement that allows you to sell your property without further delay.
10 Redbrick Lane is an intriguing investment opportunity, primarily due to its five lettable bedrooms. The property’s location in an Article 4 area is a valuable asset, especially considering the high demand for Houses in Multiple Occupation (HMO) tenants in the Birmingham market. This demand presents an excellent opportunity to maximise rental income.
I understand that selling a property can be a challenging and stressful process, especially when faced with multiple setbacks. My goal is to simplify this process for you and provide a quick and hassle-free solution. By accepting my cash offer, you can avoid the uncertainty and delays associated with the traditional property market.
If you are open to exploring this opportunity further, I would be delighted to arrange a meeting at your earliest convenience to discuss the details and answer any questions you may have. Please feel free to contact me at [Your Phone Number] or [Your Email Address]. Rest assured, any discussions we have will be held in the strictest confidence.
I appreciate your time and consideration and look forward to the possibility of working together to find a solution that benefits us both. Thank you for considering this offer, and I hope to hear from you soon.
[Your Name] [Your Company (if applicable)]
The vendor did not reply. Write a follow up email proposing a purchase lease option, but don’t use those words.
Dear Mr. Smith,
I trust this email finds you in good spirits. I wanted to follow up on my previous correspondence regarding your property at 10 Redbrick Lane, Birmingham.
It appears that my initial offer didn’t resonate with you, and I respect your decision. However, I believe there might be an alternative solution that could be mutually beneficial. This approach would provide you with the opportunity to retain an interest in the property while still allowing for its sale.
Without delving into technical terms, let me briefly outline how this approach works: Essentially, it allows you to continue benefiting from the property’s potential, whether it’s through rental income or other arrangements, while we also work out an agreement for the property’s sale over a predetermined period.
This flexible approach can provide you with some financial relief and peace of mind, given the challenges you’ve encountered in the market. It’s a win-win situation where we can collaborate to achieve our respective objectives.
I’m eager to discuss this option with you in greater detail, tailoring it to your specific needs and preferences. If you’re open to exploring this avenue, please don’t hesitate to get in touch at [Your Phone Number] or [Your Email Address]. I believe this could be a practical and advantageous solution for your circumstances.
Thank you for considering this proposal, Mr. Smith. I appreciate your time and look forward to the opportunity to speak with you about this unique approach.
Best regards,[Your Name] [Your Company (if applicable)]