Updated September 20, 2023
An Iowa residential purchase and sale agreement is a legal document that allows a buyer and seller to agree to the sale of real estate. If the seller accepts the offer in the purchase agreement, the buyer will proceed to the next steps of the transaction including inspections, applying for financing, and any other due diligence items.
Iowa requires that sellers furnish the buyer with a disclosure form to inform them of any material defects, zoning issues, environmental hazards, and other information that may be materially affecting the property. This disclosure form must be sent to the buyer before a purchase and sale agreement is signed.
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Other Versions (2)
Southwest Iowa Assoc. of Realtors
Download: PDF
Download: PDF
Disclosures (3)
Lead-Based Paint Disclosure – Individuals selling property built before 1978 must disclose the possibility of lead paint to prospective buyers. The Seller Property Condition Disclosure form has a section for this specific disclosure; alternatively, follow the link above for a separate lead-based paint disclosure form.
Download: PDF
Seller Property Condition Disclosure (§ 558A.4) – A seller of residential property is required by law to complete this disclosure form and send it to any potential buyers. This form covers structural and material damage to the property, environmental and zoning information surrounding the property, and any other relevant information.
Download: PDF
Radon Disclosure Fact Sheet – Not required but recommended to be given to prospective buyers as a reference to radon information.
Download: PDF
Commercial Property
Commercial Purchase Agreement – Use as a legal contract to buy or sell commercial property.
Download: PDF, MS Word, OpenDocument