Letter of intent real estate 2025

1. Click ‘Get Form’ to open the letter of intent for purchase of real property in our editor.
2. Begin by entering the date at the top of the document. This is crucial as it marks the official start of your offer.
3. Fill in the seller's name and contact information in the designated fields. Ensure accuracy to facilitate communication.
4. Next, input your name as the buyer along with your contact details. Remember, you can assign your interest to a corporation or partnership if needed.
5. Describe the subject property clearly, including its APN number and any specific items included in the sale.
6. Specify the purchase price and terms of purchase in their respective sections, ensuring clarity on financial expectations.
7. Indicate where escrow will be opened and detail any deposits required, including initial and second deposits.
8. Outline the feasibility period during which you can conduct due diligence on the property before finalizing your offer.
9. Complete any additional provisions that may be necessary for your agreement, such as conditions precedent to closing.
10. Finally, sign and date the document at the bottom to formalize your offer. Ensure both parties have signed before proceeding.

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