WebMar 3, 2024 · Buyer “love letters” are not always successful and not useful if the seller is an investor rather than someone leaving a home with sentimental value. While most people assume that a love... WebBuyer “love” letters are a tactic used by some buyers in an attempt to stand out to a seller, especially in hot markets with low inventory and bidding wars. Seemingly harmless, these letters actually raise fair housing concerns, and could open real estate professionals and their clients to fair housing violations. Learn how to protect yourself and your clients …
Beware of Fair-Housing Problems With Letters to Sellers
WebApr 7, 2024 · NAR explains that buyer “love letters” can “actually pose fair housing risks because they often contain personal information and reveal characteristics of the buyer, such as race,... WebSep 19, 2024 · The fair housing act crystalized the need to be FAIR. That is such an important word, FAIR, meaning treat everybody equally! What is a Buyer Love Letter? … share or stock definition
Buyer "Love Letters" and Fair Housing - St. Louis REALTORS®
WebOct 15, 2024 · Oregon has banned so-called real estate “love letters,” in which buyers in a competitive housing market try to persuade sellers that they are the best people to buy the home. Alex Milan Tracy Sipa via The Associated Press Several years ago, Kristine Chadwick and her family were trying to buy a house in Eugene, Oregon. WebMar 19, 2024 · [1] Love letters are letters that buyers write to sellers describing the reasons why the seller should pick them. [2] The letters often include emotional … WebSep 19, 2024 · For this reason it has become part of my business to educate both Sellers and Buyers of the possibility that presenting a Buyer’s Love Letter may unintentionally trigger fair housing protected classification information and can be used to allege or even prove illegal fair housing discrimination. poor sisters of st claire arundel cd