Simple Letter of Intent to Sell Property Mobile App
The Simple Letter of Intent to Sell Property app serves to generate a letter of intent for the sale of real estate.
How does it work?
In most cases, LOIs are sent from potential buyers to sellers, however, in this case, the letter is designed to be sent from the seller to the buyer. The sample letter of intent includes the property description, the purchase price for the real estate, earnest money deposit information, an inspection period, and confidentiality. The letter of intent does not form a definitive agreement between the buyer and seller. If both parties accept the terms of this agreement, a binding agreement would be executed at closing. This letter is tailored towards a residential real estate transaction.