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A Louisiana residential purchase and sale agreement is a template contract used for selling livable property from one party to another. The duties and obligations of both parties are outlined in the document, including the agreed purchase price and buying conditions, financing options, and any additional closing costs.

A sale agreement definition in entirety in a physical document must include the following information: Names of the buyer and seller, their age, and residential addresses. Date and place of execution of the agreement. Competence of parties to enter into the agreement.

An amendment allows the parties involved in a real estate transaction to make changes to the original purchase agreement without having to create an entirely new contract. This can include changes to the purchase price, financing terms, contingencies, closing date, repairs, or other terms and conditions.

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. This includes photocopies, faxes, and other electronic transmissions.

A purchase and sale agreement, also called a sales and purchase agreement or a purchase and sales contract, is a legally binding document that parties in a transaction use to stipulate the terms and conditions that will guide the sale and transfer of goods or property.

An agreement for sale of a house is a legal contract between seller and purchaser regulating the mutual promises made by each party. It is a formal document that evidences the sale and purchase of immovable property(house).