Prepare Legal Iowa Real Estate Closings Forms For Free

The average time it takes to sell a house in Iowa is 88 days ? 53 days to get an offer and an additional 35 days to close. This is approximately 6.0% slower than the national average. Keep in mind that these are annual averages and the numbers will vary by month and/or season.

Overview. Iowa's homebuying process is similar to other states where a real estate attorney (or a title company) is used to consummate the transaction and prepare all the closing documents. In Iowa, buyers and sellers often consummate the transaction at the same closing table.

Although you may not be legally required to hire one, finding a good real estate lawyer and agent should be your first step. These individuals will guide you through the process of selling your home in Iowa.

Disclosure Law in Iowa for Home Sales The legal basis for this disclosure requirement is Iowa Code § 558A, which requires you, as a seller, to deliver a written disclosure statement to a person interested in buying your property before they've made a written offer or you've accepted it.

Issue #2: There is No Disclosure Statement Buying a home without a seller disclosure statement can be risky. Depending on state laws, if you find significant flaws in the house after buying it that wasn't disclosed to you, you may be able to get money from the seller to fix it.

Disclosure Laws for Iowa Home Sales The law goes on to require sellers to send disclosure statements to potential buyers either personally or by certified or registered mail. It's worth noting here that these disclosures cannot be done orally. The law requires written disclosures.