Disclosure Form 17 For Indiana

State:
Washington
Control #:
WA-37014
Format:
Word; 
Rich Text
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Description

The Disclosure Form 17 for Indiana is a crucial document used in real estate transactions that requires sellers to disclose specific information about the condition of the property. This form is essential for ensuring transparency between buyers and sellers, highlighting any material defects or conditions that may affect the property's value or usability. Key features include sections on title issues, water systems, sewage systems, structural integrity, and environmental concerns. Sellers must complete the form thoroughly by answering all questions and providing explanations for any 'yes' answers. It is advised that sellers do not leave any spaces blank and use 'NA' for non-applicable questions. Attorneys, partners, and legal professionals utilize this form to guide their clients through the selling process, ensuring compliance with legal requirements. Paralegals and legal assistants often help in preparing and organizing the form, ensuring that all necessary information is included for effective communication with potential buyers. This form is particularly useful for protecting the interests of both parties during real estate transactions, fostering trust, and reducing the likelihood of disputes.
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  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement
  • Preview Residential Real Estate Sales Disclosure Statement

How to fill out Washington Residential Real Estate Sales Disclosure Statement?

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FAQ

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.

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Disclosure Form 17 For Indiana