Do sellers have to disclose the terms of other offers to purchase their homes?
Answer: Shreveport Bossier City real estate sellers are not legally obligated to disclose the terms of other offers to purchase their home to new prospective buyers.
Sellers are obligated to disclose what they know about their homes offered for sale. This is commonly accomplished through a "Property Disclosure".
Louisiana law creates a legal obligation for this disclosure. In reality it protects the seller from the law of Redihibition, which simply means the purchaser cannot use the law of Redihibition to recend the sale claiming the seller attempted to hide a known defect.
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