Negotiate the terms of a real estate purchase with this Letter of Intent to Purchase Real Estate.
- The buyer issues the Letter of Intent to signal its intention to complete the deal and to entice the seller to keep the property off the open market during their negotiations.
- The purchase of the property is conditional upon the buyer being able to obtain sufficient mortgage loan financing.
- The Letter of Intent itself is not a legal contract and is not legally binding except as it relates to the negotiations between the parties.
This Letter of Intent to Purchase Real Estate is fully editable to meet your needs.
This is a generic template which is not country specific and can be used anywhere. For country-specific versions of this LOI, jump to the Letter of Intent Forms main page and find your country in the list.
[to be prepared on letterhead of purchaser] November 1, 2012 [name of addressee] [address] Re: Letter of Intent to Purchase Real Estate Dear Sirs: It is the intention of the parties that [Name of Seller] (“Seller”) transfer to [Name of Buyer] (“Buyer”) all of the Seller’s right, title and interest in and to the following property (the “Property”): Terms & Conditions Property Address: Purchase Price Deposit Amount: Down Payment (including deposit): Amount and Type of Loan: Escrow Closing Date: Seller’s Agent: Agent’s Address & Phone No: Acting For (choose one): ____ Seller exclusively, or ____both Seller & Buyer Buyer’s Agent: Agent’s Address & Phone No: Additional Terms or Conditions: -2- Acting For (choose one): ____ Buyer exclusively, or ____both Buyer & Seller The transaction described herein is contingent upon the Buyer obtaining a mortgage loan as described above. This document is a Letter of Intent only. The purpose of this Letter of Intent is to constitute an expression of interest by the parties in negotiating the transaction. Both parties understand and acknowledge that this Letter of Intent is not intended to be, and shall not constitute in any way, a binding or legal agreement, or impose any legal obligation or duty on either Buyer or Seller. The parties understand that in order to create a binding contract, they must execute a separate written purchase and sale contract. The parties should not rely on this Letter of Inte
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