Idaho Residential Purchase and Sale Agreement

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Updated May 27, 2022

An Idaho residential purchase and sale agreement is between a buyer offering to buy property from a seller for an agreed-upon price and terms. The agreement will include all aspects of the terms of the purchase and only becomes binding with the signature and communication of acceptance from the seller.

When receiving a purchase and sale agreement, the seller has the option to accept, reject, or make a counter-offer.

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 (§ 55-2507, § 55-2508, § 55-2509) – A seller is required to complete a property disclosure within 10 days of an offer being accepted.

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Commercial Property

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

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