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Updated about 6 years ago on . Most recent reply

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Buying & Selling Real Estate

Unique Property, Cash Purchase in WI. Is LOI enough?

Mindy Jensen
#1 Questions About BiggerPockets & Official Site Announcements Contributor
  • BiggerPockets Money Podcast Host
  • Longmont, CO
ModeratorPosted

I am considering a very unique property in Wisconsin. It is an off market deal, and the current verbally accepted offer has not put it in writing.

I want to get my offer in writing, so she doesn't start marketing it to anyone else.

Is a Letter of Intent enough, or does it need to be a formal offer? I'm not even sure how to find the legal description of the property... Where are my Wisconsin peeps?

  • Mindy Jensen
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    Marcus Auerbach
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    Marcus Auerbach
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    Marcus Auerbach
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    Replied

    Hi @Mindy Jensen just fill out a WB-11 Offer To Purchase (google) and give me a call if you have any questions! Good luck!

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