purchase agreement and loi drafter pro

Writing real estate contracts from scratch often leads to missing contingencies or ignored jurisdictional mandates. This skill provides a structured drafting engine that converts raw deal terms into detailed purchase agreements, letters of intent (LOI), and offer term sheets. It ensures every provision is accounted for while maintaining strict legal safety boundaries through mandatory attorney-review gates.

What it does

• Drafts multi-type documents to generate structured LOIs, purchase agreements, and offer term sheets for residential or commercial properties.
• Validates deal terms to identify missing earnest money conditions, vague closing formulas, or insufficient contingency periods.
• Labels provision sources by tagging every clause as user-specified, statutory default, or skill-drafted for full transparency.
• Identifies jurisdictional risks by flagging local disclosure requirements and state-mandated form needs.
• Calculates transaction timelines to ensure closing dates and inspection windows are logically consistent and achievable.

How it works

1. Term extraction where you provide the property type, jurisdiction, identities, price, and earnest money details.
2. Structure selection based on whether you need a binding purchase agreement or a non-binding letter of intent.
3. Clause generation that builds the contract architecture including financing, title, and appraisal contingencies.
4. Compliance flagging where the agent highlights provisions requiring specific local statutory language or standard forms.

Frameworks & tools

The skill utilizes web search for statutory citations and a calculator for deadline prorations. It exports drafts via file write and prepares review emails for legal counsel.

Why this beats prompting it yourself

Standard LLM prompts often hallucinate "standard" contingency periods or fail to label which parts of a contract are AI-generated versus user-provided. This skill enforces a strict labeling protocol and a professional-review checklist, preventing the accidental creation of binding obligations in non-binding LOIs.

Use cases

• Drafting a commercial LOI with complex 1031 exchange cooperation clauses.
• Generating a residential offer term sheet for an out-of-state investment property.
• Preparing a purchase agreement draft for a seller-financed land transaction.
• Structuring post-closing possession addenda for residential lease-backs.

Known limitations

This tool does not provide legal advice or final executable documents. All outputs require review by a qualified local attorney and conversion to jurisdiction-appropriate standard forms.