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Document Id : 6484
File Type : Microsoft Word
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USA Letter of Intent to Purchase Real Estate
If you are negotiating the purchase of real estate in the USA, and you need to get certain work done before a formal contract is signed, draw up a Letter of Intent to put your intentions in writing.
- The Letter of Intent signifies to the seller your commitment to go through with the deal.
- It sets out the terms that the buyer and seller have negotiated and are willing to agree to in writing, such as making the transaction conditional upon the buyer obtaining mortgage financing to fund the purchase.
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