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Sales Disclosures (printed and signed) and Deeds must first be stamped by the County Assessors Office (City-County Building Room W121) Please be prepared to pay the transfer fee $10 per parcel and the sales disclosure fee $20 per form.
Is a sales disclosure required in Indiana?
Indianas Residential Real Estate Disclosure Law, Ind. Code 32-21-5-10 requires sellers of residential property to complete a standard form. This Residential Real Estate Sales Disclosure form is available online at the State Forms Center (enter form number 46234 in the search box or search for it by name).
Is an Indiana sales disclosure form required?
The buyer/grantee, seller/grantor or their representatives must sign one (1) sales disclosure form, or if the parties do not agree on the information to be included on the completed form, each party must sign and file a separate form.
What is the purpose of the sellers disclosure?
A sellers disclosure is a real estate document that provides details about a propertys condition and how it might negatively impact the value of the home. It is often required by law, though what it needs to contain can vary by state and locality.
What happens when someone lies on a sellers disclosure?
If a seller intentionally provides false information in a disclosure filing, they could face legal repercussions, including lawsuits or financial penalties, depending on the situation. Buyers who find out that a seller lied on the disclosure form may be entitled to cancel the sale or pursue compensation.
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Are property disclosure forms required in all states?
Almost every U.S. state has passed laws mandating that sellers give buyers specific information about what structural and other features the house contains, and their condition. In some cases, the brokers must speak up about hidden conditions, too.
Whose responsibility is it to complete the sellers residential real estate sales disclosure form in Indiana?
(a) An owner must complete and sign a disclosure form and submit the form to a prospective buyer before an offer for the sale of the residential real estate is accepted.
Related links
[2006] 876 IAC 1 General Provisions
The following is the sellers residential real estate sales disclosure form: SELLERS RESIDENTIAL REAL ESTATE SALES DISCLOSURE. State Form 46234 (R/1293).
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