Sample Letter of Intent to Purchase Residential Property

Purchasing a property can be an extremely exciting time which is why you need to make sure you are aware of the necessary steps to take if you think you have found your dream home. After all, you do not want to risk losing it to another buyer because you weren't aware of what steps to take.

The first step is to present the real estate agent with a Letter of Intent to Purchase Residential Property . The purpose of this letter is for a potential buyer to express interest in purchasing the property. Although the document is not legally binding, it will outline all of the main conditions. The seller can then evaluate all of the proposed conditions and make a decision on whether the offer is interesting to them or not. If both parties (buyer and seller) are happy with all of the terms, then they can begin to draft an official legally binding document.

A sample Letter of Intent to Purchase Residential Property can be downloaded by clicking the link below.

Haven't found the template you're looking for? Take a look at the related templates below:

• Letter of Intent to Purchase Real Estate Template;
• Letter of Intent to Lease Residential Property Template;
• Letter of Intent to Lease Commercial Property Template.