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Create an LOI

Building an LOI is simple and fast. Learn how to use the tool below:

Tyler Sellars avatar
Written by Tyler Sellars
Updated over 8 months ago

LOI Builder

Step 1 of 4: Contact Information and Delivery Method

  • Contact Information:

    • Full Name: The field where the user enters their full name, which is a required field (indicated by the red asterisk).

    • Email: The user’s email address is entered here, also a required field.

  • Delivery Method:

    • Electronic Delivery: An option to send the LOI electronically, typically via email.

    • Physical Delivery: An option to send the LOI via physical mail.

  • Purchaser Information:

    • Purchaser's Name: The name of the person or entity purchasing the property.

    • Purchaser's Company Name: The company name of the purchaser, if applicable.

    • Purchaser's Address: The address of the purchaser, which is also a required field.

Step 2 of 4: Property Information

  • Property Address:

    • A required field where the user inputs the address of the property being purchased.

  • Include Description of the Property:

    • A yes/no toggle that allows the user to decide whether to include a property description in the LOI.

    • Description of the Property: If "Yes" is selected, a text field appears for the user to provide a description of the property.

  • Alternative Property Name:

    • A field to indicate if the property goes by another name, which could be useful for clarity in the LOI.

Step 3 of 4: Purchase Price and Terms

  • Purchase Price:

    • The field where the user specifies the proposed purchase price for the property.

  • Deposit:

    • Will the Purchaser Pay a Deposit? A yes/no toggle to indicate if a deposit will be made.

    • Deposit Amount: If "Yes" is selected, a field appears to enter the deposit amount.

    • Deposit Date: A date picker is provided for the user to select the date by which the deposit will be made.

  • Terms and Conditions:

    • A section for adding specific terms and conditions to the LOI, such as:

      • Approval of Financing: A checkbox to indicate if the purchase is contingent on financing approval.

      • Repairs Completion: A checkbox for ensuring the seller completes all repairs before the closing date.

      • Exclusions from Sale: A checkbox to list any items that are to be excluded from the sale.

Step 4 of 4: Review and Finalize

  • PDF Preview:

    • A preview of the generated Letter of Intent, allowing the user to review the document before finalizing it.

  • Options:

    • Edit: An option to go back and make changes to any of the information provided in the previous steps.

    • Save for Later: Allows the user to save their progress and return to it later.

    • Download: An option to download the LOI as a PDF.

    • Share: A button to electronically share the finalized LOI to the seller and seller agent.

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