LA Residential Agreement to Buy or Sell 2019-2025 free printable template

Listing Firm Sellers Designated Agent Name & License Numerical Agent Selling Firm Buyers Designated Agent Name & License Number Brokerage Name & License Number Brokerage Name & License Number Phone

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Instructions and Help about louisiana real estate contract pdf form

Hello this is Marilyn Bureau with century 21 Mike de Bono and company in Lake Charles Louisiana today I would like to address a new change that is going to affect with our purchase contracts as of jun 2013 it's the financing clause and when you sit down to write a contract your Realtor is going to go through this with you and explain the steps that are in the contract what your responsibilities are in regard to financing and moving forward with obtaining your loan to be able to close on the house the first seven days is when you're going to go in, and you're going to make your formal application you may have obtained a pre-approval, but the formal application is actually something that is done once you are under contract that lender has to have a purchase contract to be able to move forward and build their loan file, so you're going to go in, and you're going to sign what is known as restless that the loan officers refer to, and they're going to ask you for a lot of information you're probably going to have to bring in your pay stubs for the last 30 days you may even have to bring in your taxes for the last couple of years they're going to give you a list of things that they need to finish that file, so you were saying you're going to do that in within the seven-day period there is another section in that clause where we write in 30 days the 30 days is actually saying that within that 30 days that is when the appraisal is going to be ordered and that lender is going to get the final loan approval there's a third space where we write in an additional 15 days that 15 days is in case we have to do an extension past the 30 days so typically a contract is written 30 to 45 days it all fits together like a puzzle and there's a reason for it, but you need to understand that you're responsible for doing these things and that's what the financing clause is I hope this information is helpful to you as a buyer this is Marilyn Bureau please give me a call at three seven four nine nine nine five nine two if you have further questions thanks

People Also Ask about louisiana real estate purchase agreement pdf

What is a purchase agreement in Louisiana?

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.

What happens at the end of the due diligence period?

Once the due diligence period ends, you'll lose some of your protections. Generally, if you decide to back out of the purchase after the due diligence period ends, you won't be able to recover your earnest money unless you can prove that the seller covered up a serious home defect or property title issue.

What is one requirement of the agreed upon price of a property in Louisiana?

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.

Where must the original copy of the Louisiana Residential agreement to Buy or Sell be delivered once it's accepted?

The original of this agreement must be delivered to the listing broker's firm. However, any additional addendums or other changes will all be considered one with the agreement.

What is the inspection and due diligence period mentioned in lines 154 191?

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.

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What is sellers designated agent dual?

The sellers designated agent dual is a form used to designate an agent for the sale of a property on behalf of the seller.

Who is required to file sellers designated agent dual?

The seller of a property is required to file the sellers designated agent dual form.

How to fill out sellers designated agent dual?

To fill out the sellers designated agent dual form, the seller must provide information about the property, the designated agent, and sign the form.

What is the purpose of sellers designated agent dual?

The purpose of sellers designated agent dual is to legally designate an agent to handle the sale of a property on behalf of the seller.

What information must be reported on sellers designated agent dual?

The sellers designated agent dual form must include information about the property, the designated agent, and the seller.