Letter of Intent (LOI)
A non-binding written offer stating price, terms, and timeline. It opens negotiation without the legal weight of a purchase contract.
A letter of intent is a short, non-binding document that signals serious interest in buying a property at a stated price and terms. Because it carries no legal obligation, it can be sent at scale — which is the foundation of LOI blasting.
For investors, the LOI flips outreach from interruption to offer: instead of convincing a cold owner to consider selling, you put a real number in front of an agent whose listing is already on the market.
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