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What does an Offer to Purchase cancellation letter need to contain?

The Offer to Purchase is a binding legal agreement and canceling one can incur penalties.

In order to cancel the Offer to Purchase, a letter must be written to the agent or seller of the property.

The letter should include:

  1. The name of the agent or seller.
  2. The name of the real estate company.
  3. The address of the property.
  4. The name of the buyer.
  5. The date the Offer to Purchase was signed.
  6. The signature and contact details of the buyer.

Examples of Offer to Purchase cancellation letters can be found here.

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