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A professionally written LOI should contain the following information: Name of the Company the Buyer is representing, Address of the Corporation, Name of the Buyer's Mandate, Dated within the last 30 days, Information on the geographical area where property is desired, Purchase price the buyer is willing to pay including fees, Type of property desired (residential, commercial etc), Level of rehab acceptable (low, medium, heavy etc), Due diligence period the buyer is willing to accept, Closing time after due diligence, How the buyer will show Proof of Funds (POF) to the seller, Sample Letter for LOI, Real Estate Corporations, Inc. , 123, Main Street , San Francisco, CA 94101 , 鲻) 456󩷂 , November 27, 2009

LOIs are beneficial to both the buyer and seller. The fundamental goal of the LOI is to confirm that a 'meeting of the minds' has been reached prior to both parties making the large investments of time, energy, and expense required to execute a Definitive Purchase Agreement (DPA), aka Asset Purchase Agreement (APA).

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