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Sample Letter Of Intent To Purchase

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    Looking for sample letter of intent to purchase property? LOI is a document outlining an agreement between two or more parties before the agreement is finalized.

    Letter of intent to purchase is also known as offer letter which used to make an initial offer for property purchase and it is proper to use a letter of intent in several different situations.

    The most common situation is when you intend to purchase a business.

    Seek legal consultation from your lawyer or attorney to make sure you didn’t write any terms that will lead to any disadvantage in legal terms in letter of intent to purchase property.

    Establish agreement on the purchase price and take steps to speed up necessary legal steps that must be taken to conduct the sale specified in letter of intent to purchase.

    Example Letter Of Intent To Purchase

    (Property Buyer Name)
    (Property Buyer Street Address)
    (City, State, Zip Code)

    (Date)

    (Property Seller Name)
    (Property Seller Street Address)
    (City, State, Zip Code)

    CONFIRMATION ON OFFER (SUBJECT TO CONTRACT)

    Sub: Residential property at (address)

    Further to my interest on the above residential property on (date), I hereby submit a formal offer of USD 300,000.00 (three hundred thousand only).

    This offer is subject to contract, satisfactory survey and mortgage offer on the above property address.

    We would like to meet with you next (day), (date) to finalize the property purchase.

    Formal Purchase & Agreement will be presented in the next (number) of days time after you have agreed and accept the initial terms and offer.

    Sincerely,

    _______________
    (Name)

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