Louisiana residential agreement to buy or sell 2010 form-2026

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  1. Click ‘Get Form’ to open the Louisiana Residential Agreement to Buy or Sell 2010 form in the editor.
  2. Begin by filling in the Listing Firm and Seller’s Designated Agent details at the top of the form. Ensure all contact information is accurate.
  3. In the Property Description section, provide the municipal address, city, zip code, and legal description of the property being sold. Be thorough to avoid any misunderstandings.
  4. Specify any included items with the property in lines detailing fixtures and appliances. Clearly list any exclusions as well.
  5. Fill out the price section with the agreed Sale Price and ensure it aligns with your negotiations.
  6. Complete sections regarding financing options, deposits, and contingencies based on your agreement terms.
  7. Review all entries for accuracy before signing. Utilize our platform's features to save and share for collaboration if needed.

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A licensee representing either the buyer or seller of residential real property shall complete the purchase agreement form prescribed by the Louisiana Real Estate Commission in making an offer to purchase or sell residential real property.
In most real estate transactions, the sellers agent is responsible for drafting the purchase agreement. The cost for this service is usually included in the sellers commission fee, which is paid at closing. However, in a For Sale By Owner (FSBO) scenario, the buyers agent often steps in to prepare the agreement.
Line 53 - All Cash Sale. This simply means what it says, that the Buyer has or will have at closing, cash to close the sale. This cash must be delivered to the closing attorney as good funds as discussed above. The Buyer should be advised of the requirement of good funds at closing.
Price, closing date, contingencies, and financing Now were getting into the meat of the Louisiana real estate contract. The price being offered is written as both words and a dollar amount, to avoid any confusion about the exact price. The act of sale date is the same as the closing date.
The buyer must receive a refund of their deposit when any of the scenarios listed in this section occur. These scenarios are as follows: If the buyer cancels the contract during the due diligence/inspection period. If the buyer is unable to obtain the financing stated in the contract.
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Identify the names and addresses of both the buyer and the seller. Detail the price of the property and the terms of the purchase. Set the closing date and closing costs. Detail any taxes and other related costs, and establish which party is paying those costs.
Real estate agents use a combination of market analysis, comparable sales data, property condition assessment, and local market trends to determine the asking price for a property.
In Louisiana, the Property Disclosure Document is required even if no real estate agent is involved. The required disclosure can be in the form promulgated by the Louisiana Real Estate Commission or in another form that contains substantially the same information.

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