With this agreement, you can confidently outline your real estate sale in Iowa, clearly defining roles and responsibilities for all involved parties.
You can readily download this document, tailor it to meet your unique needs, making the process of selling or buying property much more straightforward.
Your journey into hassle-free real estate transactions begins here!
REAL ESTATE PURCHASE AGREEMENTTHIS REAL ESTATE PURCHASE AGREEMENT (the “Agreement”) is entered into this [DATE] (the “Effective Date”), by and between [SELLER’S FULL NAME] (the “Seller”), and [BUYER’S FULL NAME] (the “Buyer”).
PROPERTY DESCRIPTIONSeller agrees to sell and Buyer agrees to buy the following real property situated in the county of [COUNTY], State of Iowa, commonly known as [PROPERTY ADDRESS] and legally described as follows: [LEGAL DESCRIPTION].
PURCHASE PRICEThe purchase price for the property is [INSERT DOLLAR AMOUNT] dollars ($[INSERT NUMERICAL VALUE]), to be paid as follows: [DETAILS OF PAYMENT].
CONTINGENCIESThis Agreement is contingent upon the following conditions: [LIST SPECIFIC CONDITIONS]. If any contingencies are not satisfied, the Buyer may terminate this Agreement, in which case the earnest money deposit will be refunded.
INSPECTIONSBuyer shall have the right to enter upon the property to conduct any inspections. Buyer agrees that all inspections will be conducted in a professional manner by licensed individuals.
CLOSING DATEThe closing of the sale will occur on or before [CLOSING DATE], at the office of [CLOSING AGENT] unless otherwise agreed upon in writing by both parties.
POSSESSIONSeller shall deliver possession of the Property to Buyer at Closing.
DEFAULTIf Buyer fails to comply with this Agreement, Seller may retain the earnest money deposit as liquidated damages, considering the actual damages Seller may suffer are difficult to ascertain.
COMPLIANCE WITH IOWA LAWThis Agreement shall be governed by and interpreted in accordance with the laws of the State of Iowa. The Seller shall comply with all applicable laws and regulations including, but not limited to, the Iowa Residential Real Estate Disclosure Act.
ENTIRE AGREEMENTThis Agreement contains the entire agreement between Seller and Buyer and supersedes any prior oral or written agreements. IN WITNESS WHEREOF, the parties have executed this Real Estate Purchase Agreement as of the date first above written. _______________________________ __________________________ [SELLER’S FULL NAME] [BUYER’S FULL NAME] _______________________________ __________________________ [DATE] [DATE]
If you’re seeking a comprehensive guide on selling real estate in Iowa, our Contract For Sale Of Real Estate In Iowa post is a great resource. Similarly, for individuals keen on learning about agreements related to land installment or possible rental property scenarios, our posts about Contract For Deed Template Iowa and Contract For Rental Property Iowa are equally informative.