Home Forums Financing What is a LOI and how do I write one?

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    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 5 months, 4 weeks ago by Alvin Espino.
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