sending letters of intent when I'm the seller - Posted by Tom

Posted by StevenS(CPA) on August 01, 2007 at 09:07:28:

I would start marketing your property for sale by owner. Pay to get put on the MLS and, ect. And take the first contract that comes through your door. I may have some interested parties if you shoot me an email with more details.

Good luck either way.

sending letters of intent when I’m the seller - Posted by Tom

Posted by Tom on July 30, 2007 at 15:36:45:

My cousin is trying to help me sell a piece of property. I have some negative cash flow and need to get out. He is a very saavy real estate investor and he told me to take massive action.

One of the things he told me to do was to send letters of intent to potential buyers. When I e-mailed him to try to get him to explain that the buyers are the ones who send the letters of intent he said " you are the hunter, not the hunted."

As sellers have any of you sent the letters of intent and what do you think he means.

Re: Agressive selling - Posted by Matthew

Posted by Matthew on August 03, 2007 at 11:20:06:

That makes a lot of sense.He is acting effectively to get your property sold quickly. Doing opposite of everyone else, works.

Re: sending letters of intent when I’m the seller - Posted by MaxC

Posted by MaxC on July 31, 2007 at 09:04:03:

Ask him what he means.

My guess is a sales oriented prospectus. I sometimes receive them unsolicited.