Asking price in LOI

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by a searcher from University of Phoenix
in Huntersville, NC 28078, USA

2yrs ago

Asking price in LOI

This is an elementary question, but this is my first LOI. Do I need to engage my accountant and attorney prior to an offer? Is there a rule of thumb for the counteroffer?

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reply by a professional 2yrs ago
from New York University in Brooklyn, NY, USA

I would also recommend speaking with at least one other professional before submitting the LOI. You could speak with your attorney, a broker, or if you want to speak to a banker with experience of reviewing deals, that could work too.

reply by a searcher 2yrs ago
from INSEAD in Boston, Massachusetts, EE. UU.

I agree with the comments above. Having the wrong numbers in your LOI can jeopardize the deal later on. Make sure you have all the numbers right, and even anticipate any potential variables which can impact your offer.