Posted by Terry Bowers on January 04, 1999 at 12:04:01:
Or am I just fooling myself…
xyz Realty Service
I am writing this letter of intent to you and Bxxx Cxxxx to express my
regard in purchasing her beautiful and warm property you showed me
earlier this week located at 7xx Bxxxx. I would be interested in
procuring the property under any one of two scenarios:
One, Lease with Option to Purchase at 36 months, for $380 per month,
with possession in 25 days, or;
Two, Outright purchase on a mutually agreed upon price, where I secure a
mortgage with terms that I find acceptable for 50% and Beth holds a note
on her remaining equity plus rebates for rehabilitation.
I would appreciate it if you would forward this letter directly to Beth
and, should there be any interest on her part, we can begin to finalize
the exact details of the transaction. Thank you very much for your help.
In the event that any of the two offers are acceptable to Bxxx, please
have her sign the letter and initial next to the offer she wants to
pursue. Please understand this is merely an expression of intent and not
a contract. Neither party is bound to perform under the terms of this
Agreed to this _____ day of _______________________ in the year _______.
Does the RE Agent have to present this to the owner…?