Letter of Intent to Purchase Property

Subject: Letter of Intent to Purchase Property

Dear [Recipient's Name],

I am pleased to submit this Letter of Intent (“LOI”) on behalf of [Customer's Name] (“Buyer”) regarding the purchase of the property located at [Property Address] (“Property”). The terms of this non-binding letter are as follows:

1. Purchase Terms

• Buyer: [Customer’s Name]

• Seller: [Seller’s Name, if known]

• Property Address: [Property Address]

• Purchase Price: $[Offer Price]

• Earnest Money Deposit: $[Amount], to be held in escrow by [Escrow Company]

• Financing: [Cash or Loan Details, if applicable]

• Due Diligence Period: [Number of Days] from the effective contract date

• Closing Date: [Proposed Closing Date]

2. Buyer’s Agent Compensation

• Buyer’s agent compensation to be [X% or $X], payable by [Seller/Buyer] at closing.

3. Additional Terms

• [Any contingencies such as financing, inspections, or appraisal requirements]

• [Any additional terms or conditions relevant to the offer]

This Letter of Intent serves as the basis for drafting a formal Purchase Agreement and does not constitute a binding agreement. The parties acknowledge that a fully executed contract will be required to finalize this transaction.

Please confirm receipt of this LOI and let us know a convenient time to discuss the next steps. We look forward to working together toward a successful closing.

Best regards, 

[Your Name] 

[Your Contact Information] 

[Your Brokerage Name – Kale Realty]