Letter of Intent For Purchase of Real Property

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PURCHASE OF REAL PROPERTY OF INTENT

Dear [Ms. Tanya Ortego,]

The purpose of this letter is to express my client’s intent to purchase your property located at [3290 Willow Oaks Lane, Lafayette, LA 70501.] In this letter, you will find the details of our offer.

Initial Deposit: [$65,000]

Closing Balance to Be Paid: [$300,000]

Realtor/Broker Commission: [$20,000]

Total: [$385,000]

Other Fees

Mortgage Loan Amount: [$5,000]

Mortgage Term (Years): [25]

Inspection Fees: [$500]

It is understood that no party will be bound by any of the terms provided in this letter and that any binding agreement shall be negotiated and signed by the parties only after the acceptance of this offer. For a quicker response, kindly contact us at [222 555 7777.]

Thank you, and we hope to hear from you soon.

Regards,

[Deanna Watson]

[Realtor, Prime Plum Holdings]

[Realtor License No.: 11086-31]