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Place a bid on a house, condo, or other private residential property for sale with our free Offer to Purchase Real Estate form. STRIKE AND COMPLETE AS APPLICABLE (the interest in Real Estate described above on lines 1829 together with the.This is a legally binding contract. A letter of intent to purchase can be used when purchasing a product, services, business, assets, real estate, etc. The quality and content of your offer is almost as important as how much you're willing to pay for the property. Which party will complete those repairs for any re-inspection fees. It is a contractual document where the buyer makes the seller a formal offer to purchase their property. While you want to secure financing, you should ensure your lender promises what you need. Real Estate transactions often involve a lot of back and forth negotiations, especially within the commercial real estate market. The California Association of Realtors offers a comprehensive user guide to the Residential Purchase.