Yeah, sure they might sing a Letter of Intent with you but that really doesn't mean squat.

The listing states that in order to make an offer you have to have proof of funds, or letter from financing institution guaranteeing funds plus earnest cash.

That will prevent you from using this as an excuse to back out.The seller will want to see bank statements or a letter from your bank showing the money in the bank, and may want to call the bank to verify the funds are there.You protect yourself in this deal by getting a buyer's agent, or better, an attorney.

I get letters from Realtors all the time soliciting to sell my 6-units and they provide their vision of 'comps' and a) I giggle and b) they've shown they can't analyze MFU 5+ properties.  

It can be paid in escrow with the payoff letter made to the closer.

For 2 years I tried sending "holiday" cards that included a nice letter and a $100 rent credit that they could use anytime.

I bet if he gets a letter from an attorney and he hasn't been paid yet, he'll change his tune, they usually do.

I got my D/I ratio inline and cleaned up old credit to get approval letter for my first property.

I am thinking of doing the same, though for now I was considering something simple like asking 3 questions at the bottom of my exit letter, perhaps:What is the primary reason for your move?

The PA Dept of Revenue just happened to audit that sale and sent a letter to the seller about transfer taxes being less than what would have been expected based on the imputed value.