Below are factors to consider when buying or selling real estate in Idaho, whether you’re thinking about buying or selling a residential property, commercial parcel, or vacant land.
Black Letter Law In Real Estate Contracts In Idaho
Idaho is a common law state where contract language is interpreted strictly and expressly, barring misrepresentation or provable fraud. Law before equity is the rule. So, whether you’re buying or selling real estate in Idaho, you need to assume nothing and check everything.
“Buyer Beware” In Idaho When Purchasing Real Estate
With any real estate purchase and sale agreement in Idaho, you need to get everything in writing. Be sure to require written documentation to substantiate oral representations prior to a purchase or sale. Oral contracts to convey interests in real property are invalid in Idaho. Idaho courts may or may not enforce oral agreements, but better to not have to go to court to find out.
Be Specific In The Language In A Real Estate Contract In Idaho
When reviewing or revising a real estate contract, be prepared to identify and clarify vague, ambiguous, or overbroad contract wording. Idaho courts will not enforce any implied meanings or assumptions you had going into the purchase or sale. Get specific in your real estate contract before you buy or sell.
Real Estate Attorneys In Idaho
If you need help with a real estate contract – reviewing a contract or drafting a contract – our legal services were designed just for you! At Timely Contract, we provide fast and expert legal assistance, delivered within the timeframes of the contract.
At Timely Contract, our primary legal services include: real estate contract review, real estate contract drafting, legal opinions for title insurance exceptions, and research, due diligence, and legal opinions for properties.
At Timely Contract we have local real estate attorneys who have experience throughout Idaho, including: Boise, Post Falls, Coeur d’Alene, Lewiston, Moscow, and Sandpoint.
This posting is not legal advice. Legal advice is based on specific facts. This information is necessarily general in nature.