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A residential purchase letter of intent is written by a prospective buyer to formally express their interest in purchasing real estate. The letter is commonly non-binding that sellers will require before efforts are made to draft a legally-binding purchase agreement.
This type of offer may be made through a phone call, letter, or email, and may be based on publicly available information about the property. Unsolicited offers can be legitimate, but they can also be scams or attempts to take advantage of a seller who may be unaware of the true value of their property.
Making an Offer on a House That's Not for Sale Armed with the information on why the house isn't currently for sale, prepare an offer letter tailored to the owner's situation. Be flexible and work with the owners on a possible move-in date, or offer to let them rent from you while they find a new house.
A Complete Guide to Making an Unsolicited Offer to Purchase Property 1- Identify the ideal neighborhood. ... 2- Create a target list of investment properties. ... 3- Find out who owns each property. ... 4- Get your investment property financing in order. ... 5- Prepare an offer letter. ... 6- Make multiple offers.