Get Residential Resale Real Estate Purchase Contract Form July 2015

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.

Once you have signed the purchase agreement, you will need to apply for a loan. The loan application will ask for your financial information, including your income, debts, and assets. The lender will also pull your credit report. After you have applied for the loan, the lender will underwrite the loan.

The deposit is given to the agent submitting the offer. Usually this is the buyer's agent but may be a dual agent or seller's exclusive agent on an in-house sale. If given to anyone else, that should be specified in the blank line. Indicate to whom the check is made payable.

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.

A land sales contract, a lease-option agreement, and an unexecuted purchase agreement with interim occupancy. As a minimum requirement, the carryback disclosure statement is to be signed by the buyer and seller prior to: Meeting each other's agents.

WHAT IS AN “AS-IS” PROVISION? An “as-is” provision is a (commonly misunderstood) provision in a real estate sales contract providing that the buyer of the property takes the property in the condition visually observable to the buyer.

Seller's Property Disclosure Statement (“SPDS”): Seller shall deliver a completed AAR Residential SPDS form to Buyer within three (3) days after Contract acceptance.

A sales and purchase agreement (SPA) is a binding legal contract between two parties that obligates a transaction to occur between a buyer and seller.