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.