All Forum Posts by: Max Miller
Max Miller has started 1 posts and replied 2 times.
Post: Letter of Intent vs Purchase Agreement
Max MillerPosted
- Los Angeles, CA
- Posts 2
- Votes 0
Great. Then I did the right thing. My pre-approval didn't specify an interest rate which is why I wondered if I needed to add that. Definitely included an inspection contingency as well as appraisal contingency.
Post: Letter of Intent vs Purchase Agreement
Max MillerPosted
- Los Angeles, CA
- Posts 2
- Votes 0
When making an offer through a real estate agent, do you use a simple 'letter of intent' or a full 'purchase agreement'? If financing, do you include an interest rate contingency? ie, "contingent upon an interest rate not to exceed 5% financed over a period of 30 years or more..."