My formal education in business management and marketing led to my MBA in 2005.

I do not want to do formal appraisal because it is too costly.

Can you send me a formal term sheet?

For more formal partners, hard money:They will want to see the deal and all the numbers that go with it. 

Would love to connect if you wanted a formal quote 

They are putting money out there to get approved.The final filter is your screening after they formally apply. 

You would go back on forth via counter until an agreement is reached between both parties and then formal documentation.

The most commonly known is a non-binding offer from the buyer where the main points to agree upon (e.g. price, down payment, financing structure) are agreed upon before a more formal contract of sale is drafted.

We have some sharp people here, some with just a couple years of experience in real estate, but they are a formally educated crew that can really be full of themselves and speak with the same authority as if they had been in the industry for 40 years.

You will have to go through a formal eviction4.