Intent to purchase property agreement

What is an Intent to Purchase Real Estate?

Real Estate transactions often involve a lot of back and forth negotiations, especially within the commercial real estate market. An Intent to Purchase Real Estate letter provides the opportunity to commit previously negotiated terms to writing and to create an outline of the prospective sale. Use an Intent to Purchase Real Estate letter when you want to hammer out the terms of the deal before committing to the purchase. The Intent to Purchase Real Estate letter is sometimes called a Letter of Intent to Purchase Real Estate or an Intent to Purchase Real Property Letter.

When to use an Intent to Purchase Real Estate:

• You want to document the terms tentatively agreed upon for the purchase of property.
• As a buyer, you want to provide your lender with some evidence of a proposed purchase of property.
• You want to document the terms tentatively agreed upon for the purchase of property without committing to the sale.

Sample Intent to Purchase Real Estate

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