Letter of Intent to Purchase a Real Estate

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I hope all is well at your end. I visited your office yesterday intending to purchase the real estate. After pondering your thoughts and suggestions, I concluded that I am interested to purchase real estate [x]. 

However, there are a few terms I would like to share with you so that you may have a clear picture of my vision. Please read them with great care as the terms are not negotiable. After reading the terms, if you are interested to talk further you write me back at [x] or give me a call at my number [x]. The terms are as follows:

  1. The potential agreement of purchase will be made between Mr. Robin Murphy (The Buyer) and Mr. Hans Anderson (The Seller).
  2. The amount of the purchase will be $ [x] and will remain non-negotiable. So, consider it my last call. 
  3. The Payment will be made in two installments. the first installment will be 30% of the actual selling price and will be paid online on the day of signing the agreement of purchase. The second installment which is 70 % of the actual selling amount will be paid 30 days after signing the agreement of purchase. 
  4. Agreement f purchase will be signed before or on 8th October 20xx. After signing the agreement of purchase, the buyer will hold an inspection of the state for the issues regarding plumbing, electricity, state of the building, pest damage, paints, structural faults etc. 
  5. Possession would be given after the payment of 2nd installment of the purchase. However, the real state can be visited by the buyer for certain issues.
  6. Seller will remove all the print and social media advertisements, once the letter of intent is accepted and the deal is in the process. However, if the deal is not made within 48 hours of acceptance of the letter of intent, the seller can advertise or make deals with other dealers. 
  7. Since no broker is involved in this deal, hence no commission will be paid. However, the legal adviser (the one who will make an agreement of purchase) will be paid by both of the parties. 
  8. This letter of intent holds no legal value unless an agreement of purchase will be signed. 

Let us know, whether you have accepted these terms as soon as possible. I am waiting for your quick response. 

Regards, 

Letter of intent to purchase a real estate

File: Word (.docx) Size: 12 KB

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Intending to purchase your real estate [x], I am delighted to write to you today. I have gone through your proposal with great care and I am glad to inform you that I have accepted your proposed amount. However, there are a few terms and conditions that I would like to share with you before signing the deal. Please read them all and let me know if you are still interested in making this deal. The conditions are as follows:

  1. The potential agreement of purchase will be made between Mr. Philip Andrew (The Buyer) and Mr. James Hills (The Seller).
  2. The agreement of purchase will be signed within 72 hours of the acceptance of this letter of intent.
  3. A solicitor will be hired to prepare the agreement of purchase and be paid by both parties. 
  4. A team will be sent for an inspection of the building to see mechanical faults, structural issues, electricity problems and plumbing deficiencies before signing the agreement of purchase. 
  5. The purchase will be made in the amount of $ [x]. The mode of payment will be online and will be made in one whole. 
  6. The possession will be given right after signing the agreement of purchase. 

These terms are open for negotiation, kindly give me a call at my number [x] to discuss things further. I am waiting to hear from you soon. 

Regards,

Letter of intent to purchase a real estate

File: Word (.docx) Size: 12 KB