Is a home seller given a 3 days cool off period in Iowa

[slamina]

What is the name of your state (only U.S. law)? Iowa

We signed a agreement tonight to accept a purchase offer on our home but have changed our minds. Since the transaction actually took place in our home, are we expempt from a 3 day cooling off period?
Thanks in advance...

 

[swalsh411]

I've never seen a cooling off period that applies to the seller.

 

[OHRoadwarrior]

A cooling off period is given to a buyer, not a seller.

 

[justalayman]

A cooling off period is given to a buyer, not a seller.

And I've never seen one given to the buyer in a real estate transaction either

 

[OHRoadwarrior]

And I've never seen one given to the buyer in a real estate transaction either

Neither have I. I was trying to explain the concept.

 

[latigo]

Neither have I. I was trying to explain the concept.

Pardon me but what concept? What explanation? Did I miss something?

Your first effort clearly but mistakenly implied that a grace period was available to the real estate buyer, but not to the seller.

And now you are backtracking while clinging to justy's coat tails like some marine Remora.

Pitiful display of parasitical weaseling I’d say.

 

[OHRoadwarrior]

Actually, as has been proven time and time again, you miss quite a bit. Has it ever occurred to you to contribute in a positive manner to a thread? I could go on, but I'm trying to be nice.

Pardon me but what concept? What explanation? Did I miss something?

Your first effort clearly but mistakenly implied that a grace period was available to the real estate buyer, but not to the seller.

And now you are backtracking while clinging to justy's coat tails like some marine Remora.

Pitiful display of parasitical weaseling I’d say.

 

[CSO286]

And I've never seen one given to the buyer in a real estate transaction either

3 day right of recission.

http://truthfullending.com/3-day-right-of-rescission/

 

[OHRoadwarrior]

3 day right of recission.

http://truthfullending.com/3-day-right-of-rescission/

That is referencing the loan for the property. OP's question specifically was regarding the sales contract for the property. You are correct that some loans have a rescission period though.

 

[justalayman]

3 day right of recission.

http://truthfullending.com/3-day-right-of-rescission/

What does that have to do with a buyer or seller and the contract between them?

 

[OHRoadwarrior]

What does that have to do with a buyer or seller and the contract between them?

A related factual tidbit of information, provided to clarify where OP may have gotten confused, I hypothesize.