Idaho Residential Purchase and Sale Agreement

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Updated May 23, 2022

An Idaho residential purchase and sale agreement is a legal document created by the two parties involved in a residential property transaction. The individual selling the property (seller) and the individual interested in purchasing the property (buyer) will negotiate a price and, with aid from agents/realtors, will negotiate the terms that are to be included in the purchase and sale agreement. Aside from the price of the property, the agreement’s provisions include financing, property condition, inspections, surveys, rights, closing information, and other important terms and conditions.

Table of Contents

Realtor Version

Idaho Assoc. of Realtors Version

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Disclosures (2)

Lead-Based Paint Disclosure – It is possible that housing constructed before 1978 contains lead-based paint; therefore, it is mandatory that the seller of such a dwelling provide this disclosure form to any potential buyer.

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Seller’s Property Disclosure Form (§ 55-2508) – Idaho’s statutes provide the exact language that a disclosure statement should contain so the seller may notify a potential buyer of any material defects of the property.

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Commercial Property

Commercial Purchase AgreementBetween a purchaser and seller to buy commercial property.

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