Real Estate Letter of Intent Form - Real Estate Letter Of Intent Pdf

How a Real Estate Letter of Intent Benefits You Non Binding Letter Of Intent

A real estate letter of intent, also called an LOI, is an important tool in the sale of property because it outlines the key points of your offer before you invest time and money in preparing a purchase of real estate contract. By using a sample letter of intent, you are indicating you are serious about buying real estate for sale, and it can be used as the basis for forming a contract for purchase. Intent to purchase real estate letter templates can be used in any type of investment in real estate, whether you want to buy commercial property for sale, buy a house for sale by owner, rent business real estate for lease, or any other real estate investment.

A real estate letter of intent is more commonly used in a commercial real estate for lease or sale. However, the LOI agreement templates can be used in a home sale, or for sale by owner property as well. If you're looking into how to purchase real estate, here are some of the key items that should be included in a sample real estate letter:

  • Sale price - Your sample letter of intent should describe the sale price, along with any amount you plan to use as a downpayment, earnest money, and the amount you plan to finance in a real estate investment.
  • Financing - A commercial real estate or house sale can also make the real estate sale contingent on the buyer's ability to obtain financing, and outline a time frame for obtaining financing.
  • Due diligence and inspection - The LOI should include the deadline for inspecting properties for sale and conducting a review of records, such as zoning laws, building permits, and property tax records.
  • Purchase of real estate contract - The letter of intent sample should specify how soon after acceptance of the LOI sample the contract should be signed and who will be responsible for drafting it.
  • Fees and commissions - The sample letter on intent should disclose if a realtor is involved, and who will pay any commission or fees to the broker.
  • Closing date and closing costs - The agreement should give a time period after obtaining financing and conducting due diligence that you expect to close on the property for sale.
  • Conditions of sale - The letter of intent should include any conditions, such as seller repairs or buyer financing, before the sale of property takes place.
  • Acceptance and signatures - The time period for acceptance should be stated, and signatures will indicate acceptance of the terms in the letter of intent agreement.

A sample real estate letter can make it easier to get your offer accepted and save you time and expenses. We have real estate letter template that are professionally drafted and affordable for use in any properties for sale.