Looking for a sample LOI/ language for deal inclusive of real estate purchase

searcher profile

January 12, 2025

by a searcher in Chicago, IL, USA

I am working on an LOI for a deal that includes real estate, and I can't find any sample LOIs for deals that are inclusive of real estate.

Has anyone seen any online? Do you have an example that you can share?

Thank you!

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commentor profile
Reply by a lender
from Eastern Illinois University in 900 E Diehl Rd, Naperville, IL 60563, USA
Happy to assist as well if you want to shoot me an email at redacted Honestly, the language is typically not complicated. However, it depends on how much you want to include related to the real estate purchase. I often see most buyers just set a price for the real estate and indicate it needs to appraise out with the lender. If you want to be more thorough you would want to include language about needing a survey, environmental report, property inspections, etc. But I do not see most buyers including this language in LOI's.
commentor profile
Reply by a searcher
from Emory University in Tucson, AZ, USA
This is where a good financial advisor, lawyer, and commercial real estate professional come in handy. I've messaged you the language we've used in our LOI which includes a clarification that the legal documents to acquire the property will be based on the state's Realtors commercial purchase agreement form. Hopefully this can get you further in your pre-LOI review with your attorney and advisors.
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