P
Pixelized
Guest
State: PA
Objective
Looking to purchase a small apartment building (4 units) that is not on the market. The owner sold the sister building this time last year and I believe the person would like to sell the other building.
Considering buying the building directly with the owner (no realtor) and hiring legal council for the transaction.
Letter of Intent
I'm preparing a letter of intent to inquire on the interest of selling and to share two options of selling (which includes the bid price, dates, money installments). The letter clearly states that the letter is for intent and is not binding - the actual offer will be presented as binding. No check with intent letter.
The two options are
1) Sell owner to buyer and we have our own legal reps - or -
2) Sell owner to seller using realtors.
Questions
I'm looking for:
a) any recommendations and thoughts
b) resources for sample letters
c) type of tone to be used in the letter
d) is it just better to throw a full fledged offer?
TIA
-pixelized
Objective
Looking to purchase a small apartment building (4 units) that is not on the market. The owner sold the sister building this time last year and I believe the person would like to sell the other building.
Considering buying the building directly with the owner (no realtor) and hiring legal council for the transaction.
Letter of Intent
I'm preparing a letter of intent to inquire on the interest of selling and to share two options of selling (which includes the bid price, dates, money installments). The letter clearly states that the letter is for intent and is not binding - the actual offer will be presented as binding. No check with intent letter.
The two options are
1) Sell owner to buyer and we have our own legal reps - or -
2) Sell owner to seller using realtors.
Questions
I'm looking for:
a) any recommendations and thoughts
b) resources for sample letters
c) type of tone to be used in the letter
d) is it just better to throw a full fledged offer?
TIA
-pixelized