Formal Real Estate Offer Letter
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Avoid the hassle of making a formal real estate offer from scratch and download this ready-made template. This file is professionally made with the customer in mind. It is easy to use for your convenience. Be able to send a formal and effective offer letter to buy a property now.
FORMAL REAL ESTATE OFFER LETTER
Dear [RECIPIENT NAME],
I hereby offer to buy the property from you, which has been offered to me by your real estate broker, [NAME], as your agent, subject to the terms and conditions set forth below. If the terms stated below are acceptable, it is my intention to negotiate the remaining material terms and complete a Purchase and Sale Agreement together with the Escrow Instructions within [NUMBER] days of the date this Offer Letter is ratified.
Purchase Price: [NUMBER] USD
Earnest Deposit: [NUMBER 1] USD
Down Payment: [NUMBER 2] USD
This offer is good until [DATE 1] at which time a copy of this offer must be signed by you and returned to me or else it shall be void and the money paid with this offer shall be returned to me immediately. The closing shall take place at [DATE 2] at the Registry of Deeds.
If you accept this offer, then my obligation to buy the property is subject to and conditioned upon:
Obtaining a satisfactory inspection of the property
A mutually satisfactory Purchase Agreement setting forth all of the terms and conditions of our transaction.
A commitment letter from an institutional lender for a first mortgage loan not in excess of [NUMBER 3] USD at prevailing rates and terms.
If the above conditions are not satisfied after the acceptance of this offer, this agreement shall terminate, and you shall refund my deposit. If I do not fulfill my obligations under this offer after your acceptance, the deposit shall immediately become your property.
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