Sell Your House Fast for Cash in Idaho

In Idaho the closing is usually handled by a title and escrow company. It searches the title, issues title insurance, pays off any mortgage or liens from the sale proceeds and sends the deed to the county recorder. Idaho does not generally charge a state real estate transfer tax, so that line you may have seen on closing statements in other states usually isn't there. Your written offer will say who pays the escrow fee, the title policy and recording costs.

Idaho property tax bills generally go out in late fall for the calendar year. You can usually pay in two halves, with the first half due December 20 and the second half due June 20 of the next year. When you sell, the purchase contract generally sets how the year's tax is divided, and escrow pays anything past due out of your proceeds. If you claim the homeowner's exemption on your primary home, it applies only while an owner lives there, so tell the county assessor when you move out.

Usually, yes. Idaho is a community property state, and Idaho law generally requires both spouses to sign a deed for community real estate, even if only one name is on the title. A house owned before the marriage, or received as a gift or inheritance, may be separate property. If you're separated or in the middle of a divorce, your attorney can tell you who needs to sign, and we can set the closing date around the court's timeline.

Often, yes. Idaho follows the Uniform Probate Code, and most estates go through the magistrate division of the district court in the county of the owner's last residence. Once the court appoints a personal representative, that person can generally sell the house. Idaho has no state estate or inheritance tax. Ask the estate's attorney what the court needs; we're glad to hold the closing until the letters of appointment are issued.

In most home sales, yes. Idaho's Property Condition Disclosure Act generally requires the seller of a residential property to give the buyer a completed disclosure form within 10 days after accepting an offer. If the buyer receives the form after signing the contract, the buyer can cancel in writing within three business days. Some sales are exempt, including sales by a personal representative, trustee or other fiduciary, and sales by heirs who inherited the house and haven't lived in it during the past year. For a house built before 1978, federal law also calls for a lead-based paint disclosure. Fill out what you know. You don't have to inspect or fix anything for us.

We start from what similar fixed-up homes nearby have sold for, subtract what it will cost to repair the house and to own it while the work is done, and leave room for our risk. That's why our number is lower than a retail sale for a house that's already in great shape. We'll walk you through the math if you ask.