Broker is suggesting that I skip the LOI?
I’m currently evaluating a business listed by a broker, and the broker is suggesting that I skip the traditional LOI step and instead put in an “offer with contingencies.”
Has anyone here encountered a situation where the broker pushed for an offer instead of an LOI?
• What should I watch out for?
• Are there risks in going this route compared to a standard LOI?
• Could this create issues around exclusivity, leverage, or negotiating room later?
Would love to hear any experiences or advice from folks who’ve been through this before.