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. Residential sales contracts generally contain promises and provisions that guarantee the condition of a property. Many states legally require sellers to deivate explicit information about the condition of a property. In states where this is necessary and where a seller deliberately conceals such information, they may be prosecuted for fraud. The Louisiana Residential Real Estate Purchase Contract ("Residential Purchase and Sale Contract") is a contract that describes the price, conditions, rights and obligations of the buyer and seller in a residential real estate transaction. Once the contract is signed, it cannot be terminated unless both parties agree. Is used only to inform buyers of the known presence of lead paint in real estate. 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. In Louisiana, sellers must complete a real estate purchase agreement and the following disclosure document for the agreement to be considered legally binding: the following forms are available for download.