Louisiana ResidentIal Purchase Agreement – EXPLAINED

Fill out an official Louisiana residential purchase agreement here: https://bit.ly/3gBhd0D

The residential purchase agreement is a set of terms and conditions agreed upon by the buyer and the seller of a home. It outlines the purchase price, closing terms, financing options, and any contingencies that must be satisfied by either party before the deal is closed. Once signed by both parties, the contract becomes legally binding.

In this video we’ll cover:

How a residential purchase agreement works
Legal requirements in Louisiana
What you need to include

Louisiana laws about seller disclosures:

§ 9:3198 – The seller must provide to the buyer a full disclosure reporting the condition of the property’s electrical systems, foundation, heating and cooling, environmental hazards, and more.

DISCLAIMER:
This video is strictly for educational purposes and is in no way intended to provide legal advice. We do not make any warranties about the completeness, reliability, and accuracy of this information. Any action you take upon the information on this video is strictly at your own risk, and we will not be liable for any losses and damages in connection with the use of our videos.

#residentialpurchaseagreement #rpa

—–
0:00 Intro:
0:23 We’ll Discuss:
0:39 How Does Residential Purchase Agreement Work:
1:21 Legal Requirements In This State:
1:56 Include Mortgage Pre-Approval Letter:
2:10 Offer An Earnest Money Deposit:
2:22 Use An Addendum To Modify Or Add To The Agreement:

source