Making first ever offer on flip house and have a cpl questions...

[Bill Black]

First of all, I am in Washington State.  Is there a state specific OFFER that is required or will a general "Letter of Intent" be sufficient prior to drafting the "Purchase Agreement"?  I understand that the sale contract is state specific, but what about on the offer end?

This is a little bit ahead of my training program, but the opportunity is pretty solid and the numbers work out very well, so I want to jump in.

Any insight will be GREATLY appreciated!

[Steve Vaughan]

The NWMLS Purchase and Sale Agreement is the official way to offer in WA, but I like LOIs early on. They are much more personable and you can offer multiple methods of purchase. Often my sellers will choose option B. Then I'll know how to do the PSA.

Congrats on finding a potential opportunity, Bill. Is it a single family or a plex?