Can a Seller Cancel a Real Estate Contract in Louisiana?

This question is about Louisiana Real Estate Purchase Agreement

Can a Seller Cancel a Real Estate Contract in Louisiana?

In Louisiana, a seller can get out of a real estate contract if a buyer fails to close on the property. Louisiana’s standard purchase agreement permits the seller to put the buyer in default and either require performance or collect damages of 10 percent of the purchase price.

The information for this answer was found on our Louisiana Real Estate Purchase Agreement answers.