On this page you will find many forms frequently used for real estate transfers, including a residential purchase contract in Louisiana. Select the form based on the order of your realtor or one of our senior experts. We will be happy to answer questions about the appropriate form and information needed to complete the various forms. Used to allow a single real estate agent to represent both buyers and sellers. Is used for residential real estate purchases. Letter size, updated for 2019. Only used if there is no communal sewer for the land. Version 2019. [Version 2019] used when the property is sold is a condo. See the LREC decision on the use of federal sales contracts/contracts. The contract to purchase and sell residential real estate in Louisiana allows a person to acquire real estate, to set the terms of the transaction.
The seller can negotiate the price and challenge the offer to purchase until an agreement is reached. It is here that the contract that passes on the agreed purchase price, the way in which the buyer finances the purchase, the responsibilities of the buyer and seller, as well as all the additional conditions that one of the parties wishes to add can be concluded. In the state of Louisiana, the law requires the seller of real estate to provide the buyer with an advertisement of residential real estate describing the known condition of the residence. Louisiana Residential Property Disclosure (No. 9:3198) – All home sellers must provide potential buyers with a full disclosure statement revealing the physical condition of the property. Property Disclosure Document for Residential Real Estate (No. 9:3198) – The Louisiana Real Estate Commission insists that sellers complete this document on the general condition of the property and its characteristics. Under the revised status bound above, it is also necessary to answer the following questions in the content of the form: The Louisiana sales contract is a must for the completion of a residential real estate transaction. The details of the sale are inserted in the corresponding fields in the form. The different fields include the price of the house, serious money deposit, closing date, etc.
Once all the information has been included in the agreement, it should be submitted to the relevant party for consideration. If accepted, all participants should sign the contract to guarantee a concrete contract. . LREC Property Disclosure Forms: Residential Property Disclosure (effective 1-1-20) Fillable PDF Other LREC Forms: Lead Based Paint Disclosure Deposit Addendum Condominium Addendum Historic District Disclosure Addendum Sewer Treatment Systems Addendum Lead-Based Paint Disclosure (42 U.S.