What is Letter of Intent? (2)

Finally, we will give you an example of a letter of intent that is three paragraphs in length and conveys lots of information. Your location and how much time you have will dictate the length of your letter of intent.

Letter of Intent 1 Letter of intent 1 can be written on the hood of your car. You may be on your way to another appointment and see a for-saleby- owner property that you decide to stop and take a look at. You are interested in making an offer on the property at a later time.

Yet, you want to let the seller know you are interested and serious about making an offer. In addition, you want to put something in writing to protect yourself in the event another investor, or a retail buyer, or even an agent hoping to get a listing contract comes along before you have time to write and present an offer.

This is what you (we) write: Letter of Intent 2 Letter of intent 2 can also be written on the hood of your car. You would use this second example if you have more time and want the seller to realize that you are serious about making an offer.