I sincerely after 20+ years of being in business Suggest you Listen to J. Davids suggestion.. He is right on key with his points.. State forms Do not always cover the variables.
What state are you located in? Besides Most investors have their own attorney and also The seller most likely has their own attorney..
You will need to construct Just an Loi.. for the intent to purchase.. But also you may want to use an state form for the offer .. (so as to protect your commission.
But get someone who deals in this regularly.. (t will be a very helpful learning experience for the future)..
J.Davids' comments inserted below for reference purposes only.
"I strongly urge you that, if this is not you usual area of expertise and training, you either refer this or get hands-on assistance. This is not typically just a sign a contract do the deal kind of deal. There are diligence needs and milestones that must be done prior to a final closing of the transaction. If you have to locate a "contract", that says you are not normally doing these type deals. For anyone to provide you with a contract also places liability on them.
Again do not get caught up in the commission, far worse things can happen and in 80% of transactions that are commercial in nature but involve a primarily residential agent, the deals fail to close. Get some hands-on assistance, pay them their fee or refer it and take a fee. Reduce your risk and maximize the profit while properly servicing the customer/client." J.David
Mar 5, 2015