There are certain properties that one cannot simply sell to a buyer unless he/she receives a document that provides the details on what the buyer wishes to purchase. One document that can provide that information would be a letter of intent to purchase. This article will provide you with information that will teach you how to make one.
4 Steps for Creating a Letter of Intent to Purchase
Step 1: Place information on both the sender and the recipient.
The first thing that you will need to do is to place the sender and the intended recipient’s information at the top of the letter. Be sure that you place the complete names and delivery addresses of both. If the recipient is a company, then place that company’s name along with that of the representative you’re sending the letter to. Do not forget to include the date in which you made the letter.
Step 2: Start the introduction.
Now is where you will need to greet the recipient and provide an explanation as to why you’ve sent the letter. Start by addressing him/her with the appropriate “Mr.” or “Ms.” followed by his/her last name. Then provide a brief sentence that clearly states your intention to engage in a transaction with the seller.
Step 3: State what you want and what you are willing to offer.
You will have to describe exactly what it is that you want o purchase from the seller. Be sure that you provide an accurate description of the property. Take note that this is a formal letter to keep the tone respectful at all times. Then you will need to point out the price that you’re willing to pay for the property. If there is already a set price, then you may choose to meet it or go a bit beyond it.
Step 4: Close the letter.
Once you are done, close the letter by telling the recipient that you are awaiting a reply and that he/she may give you one at his/her earliest convenience. Include your phone number and/or email address so that the seller can get a hold of you. Lastly, place your complete name and signature at the bottom of the letter to properly close it.
9+ Letter of Intent to Purchase Templates
1. Letter Of Intent To Purchase Business
While there are many reasons as to why a business would put itself up for sale, there are also just many reasons as to why there are individuals or even other businesses that are willing to purchase them. Download this letter template so that should there be a business you’re interested in purchasing, you can send a letter to the owner which shows your intentions.
2. Letter of Intent To Purchase Commercial Real Estate
There are many commercial real estate properties that have the potential of generating a good amount of revenue. It’s also because there are so many of them that there are many potential buyers. If you found one that you wish to purchase from a willing seller, then use this template to send a letter regarding your intentions.
3. Letter Of Intent To Purchase Real Estate
Individuals and businesses all have a reason as to why they would want to purchase real estate property. Before they may do so, they will have to notify the property owner regarding their intentions. By downloading this template, one can easily create a letter that, when received by the intended recipient, will point out the details regarding the real estate property that the buying party wishes to purchase.
4. Letter of Intent to Purchase Property
If you are looking to make a letter which shows your intentions to purchase a seller’s property, then this is the template for you. Make sure that you use either Apple Pages, Microsoft Word, or Google Docs when opening and editing it. Also, do not forget to include any information that the recipient will know such as who you are and what it is that you want.
5. Letter of Intent to Purchase Product Template
There are certain products that certain sellers carry that buyers cannot purchase unless they reveal how they’re going to use these products and how much they’re willing to purchase them for. Download this template so that whenever there are products that you need to buy from a specific seller, then you can prepare a letter which notifies him/her of your intentions.
6. Letter of Intent to Purchase Land
Before a buyer can enter a purchase agreement with an individual or business that’s willing to sell land, it is important that the seller is notified regarding the buyer’s intentions. With this template, you can create a letter which points out the land you wish to purchase, who you want to purchase it from and other details that you wish to include.
7. Letter of Intent to Purchase Goods Template
Many individuals and businesses require goods in order for them to go about with their daily operations or to perform certain activities. If you want to notify a seller regarding what goods you want to purchase and what you intend to do with them, then download this template to make and send a letter that will provide all that information.
8. Letter of Intent to Purchase Equipment Template
There are certain pieces of equipment that cannot be sold unless the seller is fully aware as to what the buyer intends to use it for. In the event that there comes a time when you have to purchase such equipment, then download this template so that you can provide the seller with the information that allows you to make the purchase.
9. Letter of Intent to Purchase Company Assets Template
There are some companies whose shareholders are willing to sell their assets to those that wish to purchase them. If you find one whose assets that you’re interested in purchasing, then download and make use of this template to send a letter which shows your interest.
10. Sample Letter of Intent to Purchase Template
If ever you are looking for a template that allows you to create a letter of intent to purchase, then this is the one for you. You can choose to either edit it until it becomes the letter you want to send or to simply use it as a reference for when making your own from scratch.