Pleading letters, cash offers and record competition for Columbia houses
Posted April 14, 2021
By Mary Claire Warren
Carolina News & Reporter
University of South Carolina
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“I’m honestly drained from the experience,” said Joseph, 29, and a first-time home buyer. “We’ve written so many letters to sellers basically begging for them to sell to us, and it’s really hard to get turned down time and time again.”
Joseph isn’t the only person in Columbia struggling to find a house to buy. Potential homebuyers across the United States are struggling to find homes as most real estate agents can’t keep a house on the market for longer than a week.
“It’s tough having to constantly make phone calls telling people they didn’t get the house,” said Joseph’s agent, David Lewis, of West Columbia. “This year, I’ve had to make those calls more than usual.”
According to the National Association of Realtors, the past year has been the biggest in sales activity since 2006.
As competition has risen exponentially in the housing market, many buyers are doing everything they can to make their offer more desirable than others. For many, this means writing a letter to sellers explaining their families and attempting to appeal to the home owner’s sentimental side. For others, making a better offer means preparing to buy in all cash or offering above the asking price.
While many buyers are struggling to set themselves apart in a bidding war, the sellers also have to undergo a tough process of elimination.
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