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Letter of Intent Template | International Residential Real Estate Investors Association
Thursday June 29th 2017

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Letter of Intent Template

I’ve just completed a tried and true letter of intent you can put to good use as you negotiate with sellers.  You may  want to tweek it a bit, but this item gives you the complete item to use.

A Letter of Intent (LOI) makes sense to use prior to going to contract.  The LOI gives you the opportunity to agree to terms prior to handing the document to your lawyer.  This can save you significant cash because your attorney and the sellers attorney can simply convert to a legal document without a lot of discussion.   As you complete more deals, you will become more versed tightening up the letter of intent to lower legal costs of going to contract and closing.

Additionally, in many cases  the Letter of Intent can  stand through the due diligence period.  In this way, if the deal does not pass scrutiny you never have to involve the lawyers in the process except for areas where their expertise is required.

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3 Responses to “Letter of Intent Template”

  1. Good luck everybody! – I will come back again. Are you on facebook or twitter? Will like to follow you.
    Thanks

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