However, a sample may be required in other formal organizations. For example, a school may require the letter during the formation of a new group or club. It is also important for students wishing to join certain colleges for they can write the letter to show which college they intend to join. Students applying for positions in certain schools can also write the letter as they apply.
If you are dealing directly with sellers to buy properties, rarely will you need to use a letter of intent. Instead, you'll be meeting with them in person to sit down and discuss options for buying their property. However, if you are working through a real estate agent (or two real estate agents if you're not dealing with the listing agent directly), letters of intent can help you succinctly express your offer in the best light, especially when you don't know if the agent who will be presenting your creative offer will understand the full benefits of it.