Always use a letter of intent to present your preliminary offer to a seller. This will save you writing time, legal fees, and will be easily read and understood by the seller and any other interested parties who must be made aware of your intention to purchase the subject property.
Disabled persons: When the parents of a disabled person have passed away, courts will rely on the family's letter of intent to try to figure out what the wishes of the family are for the disabled relative. A letter of intent is sometimes the glue that holds a potential deal together. While deals are done in the business world and other areas of life every day, usually the beginning of any deal was originally laid out in a letter of intent.