Letter of Interest to Purchase House
Do you want to write a Letter of Interest to purchase a house? If you are writing a letter of interest for the first time, you have no clue as to what to write & how to write. Here you will get some tips and a sample Letter of Interest to Purchase a house.
Following are some tips to write the Letter of Interest to purchase a house:
- First study about the current market rate and the terms to be discussed
- Then you need to meet the seller and discuss the terms and conditions. Prepare your Letter of Interest to Purchase a house only after discussing all the terms.
- Keep it simple and precise. Be positive and clear all details about payment. Be clear about the terms of possession.
- Remember that the Letter of Interest to Purchase a house is not a legal binding on the buyer or seller but it is an agreement, so mention that in your Letter of Interest to Purchase a house. I remember when my friend was planning to write a Letter of Interest to Purchase a house and he was totally confused about writing it.
Let us assume that Samantha is buying a house from John and writing a Letter of Interest to Purchase a house:
18th January 2011
Subject: Residential Property located at 22 West, Park Street, New York, USA
This is with reference to purchasing residential property. Following are the terms agreed by mutual understanding between the buyer and the owner. This agreement is binding upon both the parties.
The buyer's name: Samantha Green Vendor: Represented by retailer: William Brown Property located at: 22 West, Park Street, New York, USA
Property Price: $ xxxxxx
First Mortgage: $ xxxx
Second Mortgage: $xxxx
Initial Deposit: $ xxxx
Additional deposit: $ xxxx
Purchaser will pay the initial deposit $ xxxx . It is refundable if the purchaser is not satisfied with the property within the closing period.
Inspection Period: Purchaser will issue the writer waiver about satisfaction about the property after finishing all the inspections of the residential property within 30 days.
We understand that this document is not a legal obligation on both of the parties. This document is an agreement between the buyer & seller.
Sincerely, John White We hereby accept all the terms and conditions mentioned in this document.
We hope these tips will help you to frame your letter of interest. We wish you all the best for buying your new property.