The Iowa purchase agreement details the sale of a residential property. The form records critical data such as the buyer/seller contact info, property location, offer/purchase price, and the amount of the earnest money deposit. The seller or buyer’s agent typically distribute this form.
All authorized participants must sign the document in order to secure a legally-binding contract.
Required Disclosures
Lead-Based Paint Disclosure (42 U.S. Code § 4852d) – Seller is liable to provide the purchaser with certain documents concerning lead-based paint if the housing was constructed any year earlier than 1978.
Seller Property Condition Disclosure Form (§ 558A.2) – This disclosure form must be fulfilled and delivered to the potential buyer before issuing or accepting an offer on the home.
Realtor Version
Southwest Iowa Association of Realtors – PDF