Iowa Code 558a Form
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People also ask
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What do you have to disclose when selling a house in Iowa?
Sellers have incentive to talk up the good in their homes. However, it is important that sellers consider that they can't lie or conceal issues in an effort to get their home sold. Iowa law requires the disclosure of any “material” issues or defects concerning the home. -
What is Iowa Code Chapter 558A?
1. A person interested in transferring real property, or a broker or salesperson acting on behalf of the person, shall deliver a written disclosure statement to a person interested in being transferred the real property. -
What type of information must be disclosed to the seller?
Examples of material facts that must be disclosed include structural problems with the house, soil problems, a leaking roof, unpermitted construction, neighborhood noise problems, and anything else that a buyer would deem to be important. -
Is a sellers disclosure required in Iowa?
Use this statement to disclose information as required by Iowa Code chapter 558A. This law requires certain sellers of residential property that includes at least one and no more than four dwelling units to disclose information about the property to be sold. -
What is the Iowa code for seller disclosure?
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. -
Is a sellers disclosure required in Iowa?
Use this statement to disclose information as required by Iowa Code chapter 558A. This law requires certain sellers of residential property that includes at least one and no more than four dwelling units to disclose information about the property to be sold. -
What is Iowa Code Chapter 558A?
1. A person interested in transferring real property, or a broker or salesperson acting on behalf of the person, shall deliver a written disclosure statement to a person interested in being transferred the real property. -
Do you have to disclose a death in a house in Iowa?
Though Iowa does not specifically require disclosure of a death on or in the property, if there was an incident and the seller was aware of remediation (or lack thereof) that could reasonably present a physical, structural or biological risk for the buyer, a seller/transferor is obligated to provide information in good ...
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