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If you intend to buy or sell land, you’ll need a written land purchase and sale agreement. The agreement typically spells out the terms that the buyer and seller have agreed to, in order to complete the real estate transaction.
Land purchase and sale agreements typically include:
•description of the land
•closing date (date of completion for the sale of the land)
•purchase price
•loan terms
•title policy
•contingencies
•penalties for backing out of the agreement
In Idaho and other states, agreements to buy or sell land aren’t usually enforceable without an agreement in writing.
We’d be happy to review or draft a land purchase and sale agreement for you.
See also: Purchase And Sale Agreements – Residential Or Commercial
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.
We also have local real estate attorneys who have experience throughout Montana, including: Missoula, Billings, Bozeman, and Kalispell.