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Offer to Buy Real Estate


Overview
The Offer to Buy Real Estate formally advises a property owner that the writer desires to purchase a house or land.

When You Need It
-When an owner requests a letter to insure the Buyer is prepared to make a serious offer.  
-The owner may want the letter to take to a bank or otherwise show that he or she has a party interested in buying some property. 
-If the owner lives in another location, this letter may be the easiest way to make contact.
-This letter is not designed to create a final, binding contract.  Home and Business Attorney includes a Residential Real Estate Sale Contract for a transaction involving a single family home.  

Getting Started
-If the owner has not expressed an interest in selling, it is best to speak with him or her before sending this letter.  
-Speaking with the landowner first also provides an opportunity to find out if the owner may require certain terms.
-If the owner has expressed an interest in selling by listing the property with a broker, advertising or otherwise, you probably do not need to speak to him or her before sending letter.
-If the owner has expressed an interest in selling by listing the property with a broker, the letter should also be sent to the broker as the owner's representative.

When to Review and Revise 
-If the terms of the offer need to be changed regarding price, closing date, ownership, etc.