LOI'S - BINDING? NON-BINDING?
I'm running my search a bit differently than most and leveraging brokers probably more heavily than others are, as I do not have full-time to devote to beating the bushes and I'm constraining my geographic area, so I'm working with brokers that specialize in my local area.
Brokers seem to want LoI's to be binding, but my attorney and others say that there is no need for a LoI to be binding. Would like some opinions from you all who have a lot of experience in this area.