Below is a list of the most common customer questions. If you can’t find an answer to your question, please don’t hesitate to reach out to us.
What is indiana sales disclosure form?
The Indiana Sales Disclosure Form is a legal document that is required to be completed by the seller of residential real estate in the state of Indiana. It provides information about the property being sold, including the purchase price, financing terms, and any known defects or material facts about the property. This form is used to inform the buyer about the condition of the property and any potential issues that may affect its value or desirability. The Indiana Sales Disclosure Form is typically completed and signed by the seller and provided to the buyer as part of the real estate transaction process.
Who is required to file indiana sales disclosure form?
The Indiana Sales Disclosure form must be filed by the seller or the seller's agent for every transfer of real property. This includes residential, commercial, agricultural, and industrial properties.
How to fill out indiana sales disclosure form?
To fill out the Indiana sales disclosure form, you need to follow these steps:
1. Obtain the Indiana Sales Disclosure Form: You can download the form from the Indiana Department of Local Government Finance website or get a physical copy from a local municipal office.
2. Gather the necessary information: Collect all the relevant information about the property being sold. This includes the property address, owner's name, buyer's name, purchase price, and date of sale.
3. Fill out the Seller's Information: In the specified section of the form, enter the seller's name, address, phone number, and email address.
4. Fill out the Buyer's Information: In the next section, provide the buyer's name, address, phone number, and email address.
5. Provide Property Information: Enter the property address, parcel number, county, and legal description.
6. Disclose Property Condition: You will need to disclose the condition of the property by marking the appropriate checkbox (e.g., "New Construction," "Existing Structure," or "Vacant Land").
7. Complete Sale Information: Specify the purchase price, including any personal property value being transferred, and the date of sale. Indicate if the property was financed, and if so, provide the name of the lender.
8. Disclose Current Property Use: Describe the current use of the property (e.g., residential, commercial, or industrial).
9. Sign and Date the Form: Both the seller and buyer need to sign and date the form to certify its accuracy.
10. Submit the Form: Once completed, submit the form to the county auditor's office where the property is located. Check the local requirements for submission methods, such as by mail, in person, or through an online portal.
Remember to keep a copy of the completed form for your records.
It's important to note that this guide provides a general overview, and you should refer to the specific instructions provided on the Indiana Sales Disclosure Form and consult with legal professionals or real estate agents if you have any doubts or questions.
What is the purpose of indiana sales disclosure form?
The purpose of the Indiana sales disclosure form is to provide important information about a property being sold in Indiana to potential buyers. This form is required by the Indiana Department of Local Government Finance and must be completed by the seller or their agent. The information provided in the form includes details about the property's condition, any defects or known damage, existence of hazardous materials, property taxes, zoning, and any pending lawsuits or legal claims related to the property. The purpose of this form is to ensure transparency and disclosure of all relevant information to the buyer, allowing them to make an informed decision before purchasing the property.
What information must be reported on indiana sales disclosure form?
According to Indiana law, the following information must be reported on the Indiana Sales Disclosure Form:
1. Property Identification: This includes the legal description of the property being sold, such as the address, parcel number, and county.
2. Sale Information: The details of the sale need to be reported, including the date of the sale, the purchase price, and any additional terms or conditions of the sale.
3. Seller Information: The name and contact information of the seller must be disclosed.
4. Buyer Information: The name and contact information of the buyer need to be provided.
5. Financing and Loan Details: If any financing or loans are involved in the sale, such as a mortgage or land contract, the terms and details of these arrangements must be included.
6. Property Condition: The seller is required to disclose any known defects or material information about the property's condition, including any repairs or improvements made or needed.
7. Declarations: The form requires certain declarations from the seller, such as affirmations about the accuracy and completeness of the information provided and acknowledging any penalties for providing false information.
It is important to note that this information may vary or be subject to additional requirements, so it is recommended to consult with a real estate professional or legal expert familiar with Indiana's specific laws and regulations.
What is the penalty for the late filing of indiana sales disclosure form?
According to the Indiana Department of Revenue, if the sales disclosure form is not filed by the due date, a penalty may be assessed. The penalty for the late filing of the Indiana sales disclosure form is a maximum of $10,000 or 20% of the total assessed value of the property, whichever is less. However, it is important to note that the penalty may vary depending on individual circumstances. It is advisable to consult with a tax professional or the relevant government authority for specific information regarding penalties in a particular case.
How do I modify my indiana sales disclosure form in Gmail?
You may use pdfFiller's Gmail add-on to change, fill out, and eSign your indiana sales disclosure form 2023 as well as other documents directly in your inbox by using the pdfFiller add-on for Gmail. pdfFiller for Gmail may be found on the Google Workspace Marketplace. Use the time you would have spent dealing with your papers and eSignatures for more vital tasks instead.
How do I execute indiana state form 46021 online?
With pdfFiller, you may easily complete and sign indiana sales disclosure form pdf online. It lets you modify original PDF material, highlight, blackout, erase, and write text anywhere on a page, legally eSign your document, and do a lot more. Create a free account to handle professional papers online.
How do I edit state form 46021 on an Android device?
With the pdfFiller Android app, you can edit, sign, and share sales disclosure form 46021 on your mobile device from any place. All you need is an internet connection to do this. Keep your documents in order from anywhere with the help of the app!