Iowa Residential Purchase and Sale Agreement

Create a high quality document online now!

Updated May 23, 2022

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.

Table of Contents

Other Versions (2)


Southwest Iowa Assoc. of Realtors

Download: Adobe PDF

 

 

 


FSBO Version

Download: Adobe 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: Adobe 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: Adobe PDF


Radon Disclosure Fact Sheet – Not required but recommended to be given to prospective buyers as a reference to radon information.

Download: Adobe PDF


Commercial Property

Commercial Purchase AgreementUse as a legal contract to buy or sell commercial property.

Download: Adobe PDF, MS Word, OpenDocument