Indiana Property For Sale

State:
Indiana
Control #:
IN-P021-PKG
Format:
Word; 
Rich Text
Instant download

Description

With this Commercial Property Sales Package, you will find many of the forms that are part of closing a commercial real estate transaction.


Included in your package are the following forms:



1. A Contract for the Sale and Purchase of a Commercial Lot or Land without a Broker;

2. A Option for the Sale and Purchase of a Commercial Building;

3. A Option for the Sale and Purchase of a Commercial Lot or Land;

4. An Addendum for Environmental Assessment of Threatened or Endangered Species or Wetlands;

5. An Addendum for Continued Marketing of Property by Seller due to Contingencies;

6. An Exchange Addendum to Contract for Tax Free Exchange under Section 1031;

7. A Tax Free Exchange Agreement pursuant to Section 1031; and

8. A Fixed Rate Promissory Note Secured by Commercial Real Estate.



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FAQ

Indiana state law (IC 6-1.1-5.5) requires the filing of a sales disclosure form (SDF) whenever real property is sold.

What Does Indiana's Form Ask Home Sellers to Disclose? Using the standard Indiana form, sellers need to tell potential buyers about known defects in the house structure and major systems, as well as any defects in the included appliances, that the seller knows about.

Sales Disclosure and Deed must first be stamped by the County Assessor's Office (City-County Building Room 1360) Please be prepared to pay the transfer fee $10 per parcel and the sales disclosure fee $20 per form.

A sales disclosure is a State Form (46021) that is completed for property transfers, both those that are transferred for valuable consideration and those that are the result of foreclosure, the express threat of foreclosure, divorce, court orders, judgments, condemnation, or probate.

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.

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Indiana Property For Sale