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Iowa Real Estate Contract

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What is an Iowa Real Estate Contract?

An Iowa real estate contract is a contract executed between a buyer and seller for the purchase and sale of property. Most real estate contracts cover important terms and conditions like:

Iowa law requires that all real estate contracts contain a Seller Property Condition Disclosure, a radon disclosure, and a lead-based paint disclosure.

Common Iowa Real Estate Contracts

The type of real estate contract used in a transaction usually depends on the realtor that the buyer has hired. The two most common real estate contracts in Iowa are:

  • Southwest Iowa Association of Realtors contract . Used by Realtors who are members of the Southwest Iowa Association of Realtors.
  • FSBO Residential Real Estate Purchase Agreement. An easy to use contract for anyone selling a residential property, especially when the property is “for sale by owner” (FSBO) and the seller is not using a realtor.

4 Essential Elements of an Iowa Real Estate Contract

The four essential elements of an Iowa real estate contracts include:

  1. Identification of all parties involved in the contract
  2. Legal property description
  3. Agreed upon purchase price
  4. Closing dates and contingencies

All real estate contracts must be in writing and signed by all parties to be legally enforceable.

What Makes a Real Estate Contract Invalid in Iowa?

In Iowa, a real estate contract can be deemed invalid if it contains illegal or fraudulent provisions, if it is not signed by all parties involved, or if the contract's conditions have not been met.

Additionally, if one of the parties is not legally capable of entering into a contract, or if the contract is deemed to be unconscionable it can be considered as invalid.

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Meet some of our Iowa Real Estate Contract Lawyers

Melissa L. on ContractsCounsel
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4.9 (4)
Member Since:
October 26, 2020

Melissa L.

Attorney
Free Consultation
Des Moines, IA
16 Yrs Experience
Licensed in IA
City University School of Law

Seasoned negotiator, mediator, and attorney providing premier legal advice, services, and representation with backgrounds in the following but not limited to law areas: business/commercial (restaurant & manufacturing), contracts, education, employment, family and matrimonial, healthcare, real estate, and probate & wills/trusts

Wendy C. on ContractsCounsel
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4.9 (32)
Member Since:
January 17, 2023
Brad B. on ContractsCounsel
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Member Since:
July 28, 2023

Brad B.

Attorney
Free Consultation
Denison, Iowa
18 Yrs Experience
Licensed in IA, NE
University of South Dakota

Business attorney with over 15 years of experience serving companies big and small with contracting including business, real estate and employment.

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Bobby H. on ContractsCounsel
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5.0 (5)
Member Since:
June 22, 2023

Bobby H.

Associate Attorney
Free Consultation
Atlanta, Georgia
11 Yrs Experience
Licensed in GA
University of Miami School of Law

Bobby E. Hill, Jr. is a native of Tuscaloosa, Alabama and holds undergraduate degrees in music and business administration from Xavier University of Louisiana. He received his Juris Doctor from the University of Miami School of Law where he was a staff and articles editor for the school’s Race & Social Justice Law Review and a student attorney in the institution’s Immigration Clinic. In addition to freelancing, Bobby is currently a litigation associate at Johnson & Freeman, LLC, a boutique litigation firm in Atlanta, Georgia, where he practices in the firm's Condemnation, Probate, Real Estate Litigation, Real Estate Transactions, E-Discovery and Business and General Civil Litigation Practice areas. In this role, Bobby has acquired appreciable experience in drafting memoranda of law for partners and senior counsel, and all litigation related pleadings including pleadings related to dispositive motions, discovery, appeals, and other post-judgment relief.

Jessica M. on ContractsCounsel
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4.7 (2)
Member Since:
June 24, 2023

Jessica M.

Attorney
Free Consultation
Portland, Oregon
24 Yrs Experience
Licensed in OR
Lewis and Clark

Jessica Molligan is an attorney with twenty years of experience in family law, bankruptcy, and litigation.

Christine T. on ContractsCounsel
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Member Since:
July 17, 2023

Christine T.

Partner
Free Consultation
Albany, NY
6 Yrs Experience
Licensed in CT, NJ, NY
UCLA School of Law

Christine E. Taylor focuses her practice in the areas of Hospitality Law, Business Law, Labor and Employment Law, Real Estate Law, Administrative Law, Estate Law and Litigation. Ms. Taylor grew up within the campground industry, working at parks in both the Yogi Bear’s Jellystone Park Franchise and the Kampgrounds of America Franchise. Armed with two decades of experience, Ms. Taylor is quick to point out the legal issues that apply to outdoor hospitality business owners. She has provided a wide variety of services to campgrounds, RV Parks, and glamping venues, including seasonal licenses, waivers, employment contracts, real estate services and even litigation services as needed.

David U. on ContractsCounsel
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Member Since:
June 22, 2023

David U.

Attorney
Free Consultation
CO, AZ, OK
24 Yrs Experience
Licensed in AZ, CO
The University of Oklahoma College of Law

I help clients with: buying and selling commercial properties including multi-family and office projects, subdivisions, retail shopping centers; and negotiating leases for retail and office landlords, retail tenants and office tenants. Over 23 years I've honed my skills by running deals at an Amlaw-100 firm, an elite real estate boutique in Aspen, Colorado and a few highly regarded national firms based in Denver, Colorado, before starting my own solo practice in 2016. Since 2016 I've been helping my clients with real estate and business deals. I'm a commercial real estate and business expert with a passion for helping clients forge successful ventures in an efficient and understandable manner.

Real Estate

Real Estate Contract

New York

Asked on Dec 26, 2021

Can you purchase or refinance under a land contract?

I’ve been living here for 2 years. Currently have been working with my credit union and they are having a terrible time trying to understand the legalities of my land contract first off, and secondly they just don’t seem to know what they are doing. It’s been over 8 months, 4 different loan officers and I’m once again waiting for someone else to help finish this thing out. It’s only $60,000 with a $120,000 appraisal. So, as of now I am stuck paying 2.5x monthly under this land contract than I was promised would be an easy mortgage process. So any guidance in the right direction would be very helpful. It’s a New York home. 20 yr fixed, no balloon, with a (brace yourself) 12% apr. HELP ME PLEASE! One month I’m being told to authorize a credit check for a first time homebuyer grant method of mortgaging this property. The next it’s authorizing it for a refinance. I do have earnest money deposits for over $3,000 and another $3000 paid towards principal under this land contract also.

Jane C.

Answered Jan 11, 2022

I suggest you speak with a New York real estate attorney. That attorney needs to review the documents related to the transaction.

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Real Estate

Real Estate Contract

Illinois

Asked on Mar 27, 2022

what is better to buy land or rent for construction in US?

we are a construction company from Ukraine, we are planning to build a cottage town in the USA

T. Phillip B.

Answered Apr 5, 2022

I suppose it doesn't matter if you have the lease giving you permission and the lease is long enough to justify the building expense when you won't own it. But I'd buy the land so you could eventually sell the property with the building on it.

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Real Estate

Real Estate Contract

Georgia

Asked on Mar 18, 2022

WHAT ARE YOUR FEES TO PERFORM QUIT CLAIM DEED COMPLETE BUTTS COUNTY GEORGIA 30233

SON AND EX

Meghan T.

Answered Mar 29, 2022

Hi. The cost for my practice to prepare a Quit Claim Deed is $99. The Cost for me to handle the closing is $250 plus recording fees. These costs apply for any county within the state of Georgia. Let me know if you have any more questions. Meghan K Thomas

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Real Estate

Real Estate Contract

Georgia

Asked on Mar 24, 2022

How many years does a quick claim become effective?s

Number of years for quick claim to be effect ive

Meghan T.

Answered Mar 29, 2022

A quit claim deed is effective upon execution so long as the deed is dated as of the date of signature. Execution means that the deed is signed, in front of a witness and a notary. The witness and notary must also sign the deed. Finally, the deed must be recorded. This means that the deed must be submitted to the Superior Court recording office of the County in which the property sits. Please let me know if you have any questions. Thanks, Meghan K Thomas

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