Sale & Purchase of Property

Iowa City Real Estate Law Attorneys

The real estate attorneys at the law office of Phelan Tucker Law LLP have substantial experience in both commercial and residential real estate transactions. We are experienced, knowledgeable and committed to providing excellent attention to our clients before, during, and after real estate transactions. Whether buying or selling, often real estate deals are some of the biggest transactions that a person can make. We provide legal advice that enables our clients to make well-informed real estate decisions.

Iowa Real Estate: Purchase Sale Agreements

When selling or buying real estate, a comprehensive purchase agreement or purchase offer outlines the details of the sale and protects the rights of all parties involved. Our Iowa City real estate legal practice can review a purchase agreement, whether you are the buyer or the seller, and provide advice for how to proceed.

While there are many standard forms available online, your interests can be better protected by hiring an experienced real estate attorney to draft or review the contract. This ensures that all elements of your particular and unique transaction are legal and fair, and your rights protected. Our attorneys are deeply experienced in Iowa real estate law, and strive to assist you in an easy, worry-free real estate purchase or sale.

What is a Purchase Agreement Composed of?

An Iowa real estate purchase agreement form should include comprehensive payment and timeline information, such as:

• Offer of purchase price
• Amount of down payment (if the remainder is going to be financed)
• Closing date of the property
• Amount of time until offer expires
• Itemized list of what is included and excluded in the sale

There are many more components to a real estate purchase agreement. Our firm helps you navigate through the entire commercial real estate transaction process, from the beginning to a successful closing, and can help you draft a purchase agreement that best suits both parties.