tag:blogger.com,1999:blog-1374491146643888253.post7864417345077330982..comments2009-10-27T09:08:34.608-05:00Brian N Larsonhttp://www.blogger.com/profile/17026714100373711405noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1374491146643888253.post-41628026213241536812009-10-27T09:08:34.608-05:002009-10-27T09:08:34.608-05:00

I got comments via email from two other brokers. <br /><br />Broker 1:<br />We literally do get them on every listing and just forward them along to the seller like any other offer, we don&#39;t have to tell them, they receive tons of them everyday and almost always just reject upon receipt. Keeps all of us clean and above reproach.<br /><br />Broker 2:<br />Whether the market is accelerating at

Brian N. Larsonhttp://www.blogger.com/profile/17844648538119535840noreply@blogger.comtag:blogger.com,1999:blog-1374491146643888253.post-39404524636818354062009-10-26T23:33:22.660-05:002009-10-26T23:33:22.660-05:00

I liken this to the Nigerian inheritance scam. I would not even mention the spam to my client. It in no way is a real offer that could bind anybody.<br /><br /><br />Frank

FRANK LL0SA Va Broker- BLOG.FranklyRealty.comhttp://www.blogger.com/profile/12647085935682292923noreply@blogger.comtag:blogger.com,1999:blog-1374491146643888253.post-11497080938121449862009-10-26T11:04:47.385-05:002009-10-26T11:04:47.385-05:00

Great post Brian. I agree with you that a Letter of Intent (LOI) is not a binding contract at all. I often use LOI&#39;s to communicate in writing to a seller my proposition for purchase, but only in complicated transactions. I find it helpful to outline the terms before submitting a formal offer that must be reviewed by an attorney. I also that agree that the emails you received are &quot;

Paul Barrowhttp://theprivatemarket.comnoreply@blogger.com