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Date month day year SELLER S RESIDENTIAL REAL ESTATE SALES DISCLOSURE State Form 46234 R/1293 Seller states that the information contained in this Disclosure is correct to the best of Seller s CURRENT ACTUAL KNOWLEDGE as of the above date. 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...
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How to fill out indiana form real disclosure
How to fill out sales disclosure form Indiana:
01
Start by obtaining a copy of the sales disclosure form from the Indiana Department of Revenue website or from a local government office.
02
Fill in your personal information, including your name, address, and contact information.
03
Provide details about the property being sold, such as the address, legal description, and type of property.
04
Indicate the sales price of the property and any financing involved in the sale.
05
Disclose any known defects or issues with the property that may affect its value or desirability.
06
Sign and date the form, certifying that all information provided is true and accurate to the best of your knowledge.
07
Submit the completed form to the appropriate parties, such as the buyer, seller, real estate agent, or attorney.
Who needs sales disclosure form Indiana:
01
Individuals who are selling real estate property in the state of Indiana.
02
Real estate agents or brokers representing sellers in Indiana.
03
Attorneys or legal professionals involved in real estate transactions in Indiana.
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Who is required to file sales disclosure form indiana?
Anyone who makes retail sales of tangible personal property in Indiana is required to file a sales disclosure form. This includes individuals, partnerships, corporations, limited liability companies, and sole proprietorships.
How to fill out sales disclosure form indiana?
1. Begin by filling out the top portion of the form, including the seller and buyer's name, address, and contact information.
2. Next, fill out the property information section, including the address of the property being sold, the county in which the property is located, and the sale price.
3. In the next section, fill out the date of the sale, the method of payment, and the terms of the sale.
4. In the next section, fill out the seller's estimated property taxes for the previous year and the current year.
5. In the final section, fill out the date of the closing, the name of the closing agent, and the amount of closing costs.
6. Once you have filled out all of the information, sign and date the form in the designated areas and have the form notarized.
What is the purpose of sales disclosure form indiana?
The Sales Disclosure Form Indiana is used by buyers and sellers when transferring ownership of a property in Indiana. It is an important legal document that helps to protect both parties involved in the transaction by providing information about the property, such as the location, size, and any existing liens or encumbrances. The form also outlines the responsibilities of each party in the transaction and includes a signature line for both parties to acknowledge that they understand and agree to the terms of the sale.
What information must be reported on sales disclosure form indiana?
Indiana requires sellers to provide certain information to buyers on a Real Estate Transfer Disclosure Statement. This document must include disclosures about the condition of the property, including any defects, defects in the title, any rights of parties in possession, any environmental hazards, any pending or threatened litigation, and the seller's knowledge of any disputes between neighbors. The seller must also indicate whether or not the property is located in a designated flood plain.
What is the penalty for the late filing of sales disclosure form indiana?
The Indiana Secretary of State's office imposes a penalty of $10 for each day that a sales disclosure form is late. The maximum penalty for a late filing is $250.
What is sales disclosure form indiana?
The Sales Disclosure Form is a document used in Indiana to disclose relevant information about the sale of real property. It is required by the Indiana Department of Local Government Finance and must be completed by both the seller and buyer of the property. The form includes details about the property, such as its address, legal description, and assessed value, as well as information about the sale, including the purchase price and financing terms. The purpose of the form is to ensure transparency and accuracy in property sales and to assist local government entities in determining property tax assessments.
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