Updated on June 21st, 2023
The Idaho purchase agreement facilitates the sale of residential property. The buyer will typically use this form to submit an offer for the seller to accept or counter. The long-form document requires participants to include information such as a description of the property, amount of the initial deposit, finance terms, and desired contingencies.
Once all the vital information has been included, all participants must sign the contract to establish a legally-binding agreement.
Seller’s Property Condition Disclosure (Form RE-25) (§ 55-2504) – Idaho legislation stipulates that any individual looking to sell their home must first complete a disclosure form registering all the essential facts corresponding to the residence, which must then be distributed to the prospective purchaser before executing the sales contract. (Exemptions to this disclosure can be found in § 55-2504 of Idaho’s law.)
Lead-Based Paint Disclosure (42 U.S. Code § 4852d) – If the dwelling being sold was built before 1978, the seller will be liable to present the future owner with any documentation concerning lead paint hazards that may be contained within the confines of the property, as well as an informative handout detailing the dangers associated with the chemical matter.
Idaho Realtors – PDF