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Updated July 28, 2023

An Iowa land contract documents terms necessary for the purchase and sale of raw land from a seller to buyer. The contract includes details surrounding the real estate transaction, such as the agreed-upon purchase price and any financial contingencies, as well as the land’s legal descriptors as they appear on the deed. Both parties must schedule a closing date upon reaching a final agreement. At which point, the parties will sign the contract and transfer any funds due at signing. The seller shall then sign over the property deed to the new owner in order to complete the legal transaction.

Where to Record? (IA Code § 558.41) – All deeds must be recorded at a County Recording Office in the property’s jurisdiction.