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the inspection and due diligence period mentioned in lines 154 191 is where the Preview on Page 1.

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Updated January 06, 2023. A Louisiana residential purchase and sale agreement is written by a buyer to make an offer for the purchase of real estate to the seller. The seller will either accept, reject, or make a counter-offer for commonly a higher price.
To have a valid sale, and therefore a valid Purchase Agreement, under Louisiana law only three things are necessary: First the thing, which is the Property being sold; second, consent, which is self-defining, and third the price. For a sale to occur, the price has to be expressed in money.
Lines 154 - 191 Inspection and Due Diligence Period. This is to establish by contract that the Seller is not obligated to make any repairs unless there is further agreement to do so.
To establish legality, a real estate contract must include a legal purpose, legally competent parties, agreement by offer and acceptance, consideration, and consent.
A purchase and sale agreement, or PSA, is a document that is written up and signed after a buyer and seller mutually agree on the price and terms of a real estate transaction.
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The original of this agreement must be delivered to the listing brokers firm. However, any additional addendums or other changes will all be considered one with the agreement.
Updated January 06, 2023. A Louisiana residential purchase and sale agreement is written by a buyer to make an offer for the purchase of real estate to the seller. The seller will either accept, reject, or make a counter-offer for commonly a higher price.
In Louisiana, its required that all contracts include an offer and acceptance.

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