This form is a Contract for the sale of real estate for use in Louisiana. It can be used for a cash sale, assumption or new loan buyer. The contract contains provisions common to a real estate transaction. Agents or brokers may be involved, or not, for either party or both.
Real Estate Purchase And Sale Agreement With Earnest Money Provision
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How to fill out Louisiana Contract For Sale And Purchase Of Real Estate With Or Without Agent Or Broker For Residential Home Sale Agreement?
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FAQ
What happens with the earnest money after the buyer performs under the sale contract? states under what conditions the buyer can cancel the contract without default and receive a refund of the earnest money.
Among the terms typically included in the agreement are the purchase price, the closing date, the amount of earnest money that the buyer must submit as a deposit, and the list of items that are and are not included in the sale.
How to write a real estate purchase agreement.Identify the address of the property being purchased, including all required legal descriptions.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.More items...
How to Fill Out a Residential Purchase AgreementPlace the name(s) of the seller(s) on the contract.Write the date of the offer on the agreement.Add the purchase price to the contract.Include a request for the seller to provide a clear title and deed for the property.More items...
As discussed above, a purchase agreement should contain buyer and seller information, a legal description of the property, closing dates, earnest money deposit amounts, contingencies and other important information for the sale.