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You'll then have to calculate your mortgage, get pre-approved, find your desired home, do the necessary inspections and close the sale. Choose an Ideal Location. Calculate Mortgage Rates. Prepare Down Payment Requirements. Get Pre-Approved for a Mortgage. Conduct Home Inspection. Close Your Loan. Iowa Homebuying Details.

That is not the case in Iowa. However, having an attorney to oversee the process can be extremely beneficial. Iowa law requires that sellers make specific disclosures regarding their home when they sell. These include particular information about the property, such as major repairs, foundation issues, or pest problems.

There are several ways to find out who owns property. Current ownership records are maintained by the County Auditor's Office and can be viewed online. You will need to know the address for the property, its Geo-Parcel Number (GPN), or its legal description. You may also call the Auditor's Office at 319-892-5300.

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.

The buyer usually agrees to an initial down payment then a number of regular payments. After the buyer makes all payments and completes other obligations outlined in the contract, the title will then transfer from the seller to the buyer. This process is also known as seller or owner financing.

Since the sale of real estate often involves substantial sums of money and the legal issues can be complex, a buyer should consider retaining an attorney to review the real estate sales contract before it is signed by the buyer.