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Updated over 1 year ago on . Most recent reply

Kim Hopkins's profile image
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Kim Hopkins
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Kim Hopkins
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Kim Hopkins
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Commercial Real Estate Investing

Requiring Seller to Cease Marketing After Signed LOI?

Kim Hopkins
  • Investor
Posted

Hello!

I was considering adding to our LOI template a requirement that the seller cease marketing the property, including on any real estate websites (broker website, CREXI, Loopnet, etc) once the LOI is signed.

I've never done this before, but I was wondering if anyone else has and if it sounds reasonable? I don't want offers coming in while we're trying to negotiate a contract. 

Thank you,
Kim

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Russell Brazil
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Russell Brazil's profile image
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Russell Brazil
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If I were selling a property and a buyer wanted that provision, Id do so only with large non-refundable deposit.

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