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The document is a Seller's Residential Real Estate Sales Disclosure form, which requires sellers of 1-4 unit residential properties in Indiana to disclose the known physical condition of the property. It includes questions about appliances, electrical systems, heating and cooling systems, roof conditions, hazardous conditions (including contamination from controlled substances), and other relevant property details. The seller certifies the accuracy of the information based on their current knowledge and must provide this disclosure to prospective buyers before accepting an offer.

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What must an Indiana listing agreement include?

In the Indiana listing agreement, you must include specific information, including the type of agency you are offering the seller, the expiration date of the agreement, the duties of both parties, and the commission rate you are charging your client.

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.

Is a sellers disclosure required in Indiana?

Indiana law (IC 32-21-5) generally requires sellers of 1-4 unit residential property to complete this form regarding the known physical condition of the property.

Do you have to disclose mold when selling a house in Indiana?

What You Need to Disclose: Structural Defects: s in the foundation, leaks in the roof, or sagging floors. Utilities and Systems: Issues with plumbing, electrical systems, heating, cooling, or water supply. Environmental Hazards: Mold, radon, lead-based paint, or underground storage tanks.

What is 1 form in real estate?

The Form 1 is the basis of the formal statement by the vendor about certain details relating to the property being conveyed. The purpose of the Form 1 is to provide the buyer with important information about the property, including any encumbrances, easements, or other legal issues that may affect the sale.

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What is the sellers disclosure law in Indiana?

Indiana law (IC 32-21-5) generally requires sellers of 1-4 unit residential property to complete this form regarding the known physical condition of the property. An owner must complete and sign the disclosure form and submit the form to a prospective buyer before an offer is accepted for the sale of the real estate.

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.

Can I write my own purchase agreement?

Some states, like California, have created real estate purchase agreements you can download and change. You can also get a template from PandaDoc, as well as benefiting from real estate contract management software functionality.

Indiana real estate forms 2025

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What must an Indiana listing agreement include?

Whose responsibility is it to complete the sellers residential real estate sales disclosure form in Indiana?

Is a sellers disclosure required in Indiana?

Do you have to disclose mold when selling a house in Indiana?

What is 1 form in real estate?

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What is the sellers disclosure law in Indiana?

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