Letter of Intent (LOI) Template — Residential and Multifamily
LAUNCH20
Use code LAUNCH20 at checkout for 20% off.
Make your offer look like it came from a serious buyer.
Two versions — residential and commercial multifamily — plus the negotiation mistakes that kill LOIs.
An LOI is a first impression. Sloppy terms, missing contingencies, or the wrong tone tell the seller you're not ready — and in a competitive situation, that's the end of the conversation. This template gives you two versions: one for residential purchases, one for commercial multifamily, each structured the way sellers and brokers expect. The bonus page on negotiation mistakes covers the errors that quietly kill LOIs before they become contracts.
What's inside
Residential LOI version — structured for single-family and small residential purchases.
Commercial multifamily LOI version — structured for income-property transactions, with the terms multifamily sellers expect to see.
All the terms that matter — price, earnest money, due-diligence period, contingencies, closing timeline, and broker provisions, each in its proper place.
Bonus: negotiation-mistakes page — the common LOI errors (over-hedging, under-committing, sloppy timelines) and how to avoid them.
Who this is for
First-time buyers submitting their first written offer and wanting it to read as professional.
Investors making offers on multifamily who need the commercial structure without hiring a broker to draft it.
Agents who want a clean starting template for investor clients.
How it works
Buy — checkout takes under two minutes; the template is yours to keep and reuse.
Instant download — no shipping, no waiting, no subscription.
Use — pick your version, fill in the terms, and submit. Have your attorney review before it becomes binding.
FAQs
"Is an LOI legally binding?" Typically an LOI is non-binding except for specific provisions (like confidentiality or exclusivity) — but that depends on how it's written and your state's law. Have an attorney review yours before relying on that assumption.
"Why two versions?" Residential and commercial multifamily deals run on different conventions — different contingency structures, different diligence expectations, different broker language. One generic template does both badly.
"I'm buying my first property. Is this enough to make an offer?" It's enough to make a professional offer. Pair it with underwriting (the SFR proforma) and due diligence (the DD checklist) so the offer you submit is one you can actually close on.
Making your first offer? The Buyer's Pack ($97) bundles this LOI with the due-diligence checklist and closing checklist — offer, verify, close.
Submit an offer that gets taken seriously. Add to cart — $27. LAUNCH20 takes 20% off at checkout.
DealReady's tools are educational resources — not legal, tax, or investment advice. Real-estate laws vary by state; have a local attorney review any offer documents before you submit them.
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