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It also covers property inspection timing, post-inspection disclosure and termination procedures, standstill obligations, additional terms, governing law, and signature blocks.",{"@graph":14,"@context":72},[15,34,55],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/template/","Template",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/template/letters/","Letters",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/template/residential-letter-of-intent-to-purchase-template/163078/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/residential-letter-of-intent-to-purchase-template/163078.png","ImageObject",442,249,{"name":42,"@type":43},"Eliana","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/vnd.openxmlformats-officedocument.wordprocessingml.document","2026-09-26","2026-08-31",true,{"@type":52,"interactionType":53,"userInteractionCount":33},"InteractionCounter",{"@type":54},"ViewAction",{"@type":56,"mainEntity":57},"FAQPage",[58,64,68],{"name":59,"@type":60,"acceptedAnswer":61},"What is the purpose of a residential letter of intent to purchase?","Question",{"text":62,"@type":63},"It sets forth proposed terms and conditions for a residential transaction and governs the relationship between buyer and seller until a definitive purchase agreement replaces it.","Answer",{"name":65,"@type":60,"acceptedAnswer":66},"How does financing affect this letter?",{"text":67,"@type":63},"The buyer can mark the letter as conditional upon financing with specified conditional terms, or mark it as not conditional on financing.",{"name":69,"@type":60,"acceptedAnswer":70},"What happens after the property inspection and disclosure period?",{"text":71,"@type":63},"The buyer can report new disclosures in writing within the specified number of days; if the parties cannot agree within the following period, the purchase agreement is terminated and earnest money is returned to the buyer.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},163078,1788137089,{"code":4,"msg":81,"data":82},"success",[83,88,93,98,103,108,113,117,122],{"id":84,"doc_module":22,"doc_module_name":25,"category_name":85,"show_sort_weight":86,"slug":87},11,"Presentations",90,"presentations",{"id":89,"doc_module":22,"doc_module_name":25,"category_name":90,"show_sort_weight":91,"slug":92},12,"Resumes",80,"resumes",{"id":94,"doc_module":22,"doc_module_name":25,"category_name":95,"show_sort_weight":96,"slug":97},14,"Invoices",70,"invoices",{"id":99,"doc_module":22,"doc_module_name":25,"category_name":100,"show_sort_weight":101,"slug":102},15,"Posters",60,"posters",{"id":104,"doc_module":22,"doc_module_name":25,"category_name":105,"show_sort_weight":106,"slug":107},16,"Social Media",50,"social-media",{"id":109,"doc_module":22,"doc_module_name":25,"category_name":110,"show_sort_weight":111,"slug":112},17,"Forms",40,"forms",{"id":114,"doc_module":22,"doc_module_name":25,"category_name":29,"show_sort_weight":115,"slug":116},18,30,"letters",{"id":118,"doc_module":22,"doc_module_name":25,"category_name":119,"show_sort_weight":120,"slug":121},21,"Paper Templates",5,"papers-templates",{"id":123,"doc_module":22,"doc_module_name":25,"category_name":124,"show_sort_weight":4,"slug":125},158,"General","general-158",{"code":4,"msg":81,"data":127},{"doc_id":78,"user_id":128,"nickname":42,"user_avatar":129,"doc_module":22,"category_id":114,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":33,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":26,"language":135,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":12,"update_tm":79,"read_time":22},4398048949847,"https://ap-avatar.wpscdn.com/avatar/400002536579ef2da7f?_k=1778318612642679267","RESIDENTIAL LETTER OF INTENT TO PURCHASE\n\u0013 FORMTEXT \u0014[MM/DD/YYYY]\u0015\n\u0013 FORMTEXT \u0014[SENDER NAME]\u0015\n\u0013 FORMTEXT \u0014[SENDER STREET ADDRESS]\u0015\n\u0013 FORMTEXT \u0014[SENDER CITY, STATE, ZIP]\u0015\n\u0013 FORMTEXT \u0014[RECIPIENT NAME]\u0015\n\u0013 FORMTEXT \u0014[RECIPIENT STREET ADDRESS]\u0015\n\u0013 FORMTEXT \u0014[RECIPIENT CITY, STATE, ZIP]\u0015\nRE: Intent to Purchase Residential Property\nThis Letter of Intent (the “Letter”) sets forth the proposed terms and conditions of the Transaction described hereunder and shall govern the relationship between the Buyer and Seller (the “Parties”) until replaced by a definitive, formal agreement addressing the same Transaction and subject matter (the “Purchase Agreement”). The Transaction considered in this Letter and in the Purchase Agreement is subject in all respects to the following:\nTHE BUYER. \u0013 FORMTEXT \u0014[BUYER NAME]\u0015 (the “Buyer”) with a mailing address of \u0013 FORMTEXT \u0014[BUYER MAILING ADDRESS]\u0015.\nTHE SELLER. \u0013 FORMTEXT \u0014[SELLER NAME]\u0015 (the “Seller”) with a mailing address of \u0013 FORMTEXT \u0014[SELLER MAILING ADDRESS]\u0015.\nPROPERTY. Property Address: \u0013 FORMTEXT \u0014[PROPERTY ADDRESS]\u0015 (the “Property”).\nFINANCIAL TERMS. The Buyer intends to purchase the Property for \u0013 FORMTEXT \u0014[PURCHASE PRICE]\u0015 Dollars ($\u0013 FORMTEXT \u0014[AMOUNT]\u0015) (the “Purchase Price”).\nFINANCING. The Buyer has made it known this Letter is: (check one)\n\u0003☐\u0004 - Conditional Upon Financing. This Letter is conditional on the Buyer’s\nability to obtain financing. Financing shall be under the following terms: \u0013 FORMTEXT \u0014[CONDITIONAL TERMS]\u0015.\n\u0003☐\u0004 - NOT Conditional Upon Financing. This Letter is not conditional on the\nBuyer’s ability to obtain financing.\nCLOSING. The Closing shall occur on \u0013 FORMTEXT \u0014[DATE]\u0015 or earlier by mutual agreement (the “Closing”). Any change of date for the Closing must be agreed upon in writing by both Parties.\nCLOSING COSTS. Closing costs shall be the responsibility of: (check one)\n\u0003☐\u0004 The Buyer.\n\u0003☐\u0004 The Seller.\n\u0003☐\u0004 The Parties each bearing their own expenses.\nPOSSESSION. Possession of the Property shall be given on \u0013 FORMTEXT \u0014[DATE]\u0015 (the “Possession”). Any change of date for the Possession must be agreed upon in writing by the Buyer and Seller.\nPROPERTY INSPECTION. Following the creation of a formal Purchase Agreement, the Buyer shall hold the right to have the Property inspected by a person of their choosing. The inspection shall occur no later than \u0013 FORMTEXT \u0014[#]\u0015 days after a Purchase Agreement has been created.\nFollowing the Property inspection, the Buyer shall have an additional \u0013 FORMTEXT \u0014[#]\u0015 days to report any new disclosures to the Seller in writing. If the Parties cannot reach an agreement within \u0013 FORMTEXT \u0014[#]\u0015 days after delivery of the written disclosures, the Purchase Agreement shall be terminated with any earnest money being returned to the Buyer.\nSTANDSTILL AGREEMENT. Following the execution of this Letter, and until Closing, the Seller shall not negotiate for the sale of the Property with any other party unless either the Parties agree in writing to terminate this Letter, or the Parties fail to sign a Purchase Agreement by \u0013 FORMTEXT \u0014[DATE]\u0015.\nADDITIONAL TERMS & CONDITIONS.\n\u0013 FORMTEXT \u0014[ADD ANY ADDITIONAL TERMS AND CONDITIONS HERE]\u0015.\nINTENTION OF THE PARTIES. This Letter sets forth the intentions of the Parties to use reasonable efforts to negotiate, in good faith, a Purchase Agreement with respect to all matters herein. Notwithstanding paragraphs 4, 5, and 10 through 14, which shall be legally binding, any legal obligations with respect to all other matters shall only arise if and when the Parties execute and deliver a Purchase Agreement.\nGOVERNING LAW. This Letter shall be governed under the laws of the State of \u0013 FORMTEXT \u0014[STATE NAME]\u0015.\nSIGNATURES.\nSeller Signature: \u0013 HYPERLINK \"http://esign.com/\" \u0014___________________________\u0015\nDate: \u0013 FORMTEXT \u0014[MM/DD/YYYY]\u0015\tPrint Name: \u0013 FORMTEXT \u0014[SELLER PRINTED NAME]\u0015\nBuyer Signature: \u0013 HYPERLINK \"http://esign.com/\" \u0014___________________________\u0015\nDate: \u0013 FORMTEXT \u0014[MM/DD/YYYY]\u0015\tPrint Name: \u0013 FORMTEXT \u0014[BUYER PRINTED NAM","cbCaitAkDcOrKPe2","https://ap.wps.com/l/cbCaitAkDcOrKPe2","docx",38734,"English","# Transaction Overview\n## Buyer and Seller Details\n## Property, Price, and Financing Terms\n## Closing, Costs, and Possession\n## Inspection, Disclosures, and Termination\n## Standstill, Additional Terms, and Governing Law","[{\"question\":\"What is the purpose of a residential letter of intent to purchase?\",\"answer\":\"It sets forth proposed terms and conditions for a residential transaction and governs the relationship between buyer and seller until a definitive purchase agreement replaces it.\"},{\"question\":\"How does financing affect this letter?\",\"answer\":\"The buyer can mark the letter as conditional upon financing with specified conditional terms, or mark it as not conditional on financing.\"},{\"question\":\"What happens after the property inspection and disclosure period?\",\"answer\":\"The buyer can report new disclosures in writing within the specified number of days; if the parties cannot agree within the following period, the purchase agreement is terminated and earnest money is returned to the buyer.\"}]","Residential Letter of Intent to Purchase - Template | DOCX"]