Presenting an LOI without meeting the seller?

by a searcher

3 years ago

Given the travel restrictions, is it advisable to present an LOI without meeting the seller in-person? Several zoom calls and conference calls have occurred.

3 likes
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3 comments

searcher

Fully agree, as it is still a non-biding offer, there is no question to submit it even in this special case. You can put in any of your expectations or conditions upon which you are able co continue or close the deal.

3 years ago | like reply | 0 likes

searcher from Carnegie Mellon University - Tepper School of Business

Yes, you can definitely submit a LOI without an in person meeting. Especially so, if this is just the first in a volley of negotiating and redlining. Then when it’s ready to be signed you can meet in person.

Side note: better to thoroughly negotiate the LOI to identify any dealbreakers now and lay the groundwork for your APA.

3 years ago | like reply | 0 likes

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