What is a LOI and how do I write one?

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  • January 1, 2022 at 4:47 pm #13838
    Michelle Schultz

      My husband and I are interested in making an offer on a laundromat and the broker (who is extremely unhelpful and noncommunicative) said we could make a “bid” and we needed to write a LOI.

      What exactly is that? Any templates to go by? I’d like to make sure the offer has a time limit because this woman has strung us along for months without any communication other than telling us what she expects from us as a potential buyer. She does not answer questions. Any advice appreciated.

      • This topic was modified 7 months, 3 weeks ago by Alvin Espino.
      June 25, 2024 at 11:23 pm #29333
      brian lagman
      Participant

        Tell chatgbt to create one and have a lawyer review it and ensure you are protected

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