A Louisiana residential purchase and sale agreement enables an individual seeking to purchase real estate to establish the terms and conditions for the transaction. The seller will be able to negotiate the price, contesting the purchase offer until an agreement has been reached. At this point, the contract can be completed relaying the agreed upon purchase price, the manner in which the buyer will finance the purchase, the responsibilities of both the buyer and seller, and any additional terms and conditions either party wishes to add. In the state of Louisiana, it is required by law that the seller of real estate provide the buyer with a residential property disclosure which details the known condition of the residence.
Table of Contents
Realtor Version
Louisiana Real Estate Commission – Adobe PDF
Required Disclosures
Lead-Based Paint Disclosure – Owners of homes built prior to 1978 must disclose the use of lead-based paint on the property.
Residential Property Disclosure (§ 9:3198) – All home sellers must provide potential buyers with a full disclosure statement revealing the material condition of the property.
Commercial Property
Commercial Purchase Agreement – Use as a formal agreement to buy or sell commercial property.
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