Get Letter Of Intent For Purchase Of Real Property Letter Of Intent For Purchase Of Real Property

Filling out a Letter of Intent for Purchase of Real Property is a crucial step in initiating a real estate transaction. This guide will provide you with clear and instructive steps to help you accurately complete the form online.

Follow the steps to successfully complete your Letter of Intent.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the date at the top of the form where indicated, which establishes the timeline for the agreement.
3. In the 'Re' section, describe the property along with the city or county it is located in, ensuring that the details are clear.
4. Fill in the seller's information, including their name and contact details, in the designated area.
5. Provide the buyer's name and contact information, along with an indication that the buyer may assign their interest in the property without seller approval.
6. Identify the subject property by providing its description and the APN number, ensuring that all associated rights and interests are included.
7. Specify the proposed purchase price in both numeric and written form.
8. Detail the terms of purchase, outlining any specific conditions that are crucial for this agreement.
9. Indicate the title company where escrow will be opened, along with the timeline for completion.
10. Fill in the amounts for the initial and second deposits, ensuring clarity on their refundable and non-refundable status.
11. Specify the feasibility period, which outlines the due diligence time available for the buyer.
12. Outline any conditions the buyer must meet before closing escrow, including title and development conditions.
13. Indicate the date for the close of escrow.
14. Include any additional provisions that may be important for the transaction, such as legal terms or commission details.
15. Lastly, specify the expiration of the offer date and include spaces for both buyer and seller signatures, along with the dated lines.
16. Once all sections are completed, save your changes, download, print, or share the form as needed.

Complete your Letter of Intent online today and ensure a smooth real estate transaction.