Contracts
Iowa's real estate purchase agreement typically provides that possession of the property transfers to the buyer:
AWhen the offer is accepted
BAt closing upon delivery of the deed and payment of the purchase price✓ Correct
CWhen the home inspection is completed
D30 days after the seller accepts the offer
Explanation
In Iowa residential transactions, possession typically transfers at closing — when the deed is delivered to the buyer and the purchase price is paid. The parties may negotiate a different possession date (before or after closing) through a possession agreement.
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