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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.
The intent of the sales disclosure is to provide a base of information that will be utilized by the State of Indiana and the County Assessor to identify how much each property was transferred for and to accomplish fair market values when yearly trending takes place.
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.
Indiana state law (IC 6-1.1-5.5) requires the filing of a sales disclosure form (SDF) whenever real property is sold.
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.