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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. The Assessor's office accepts cash, checks made out for the exact amount due, and credit cards.

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 general rule establishes that a seller must provide a buyer with a Seller's Residential Real Estate Disclosure Form in the event of a sale, exchange of, an installment sales contract, or a lease with an option to buy residential real estate that contains not more than four residential units.

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.

When a buyer chooses to make an offer ?As-Is? or the seller wants to sell his home ?As-Is,? in Indiana, we use the As-Is addendum in addition to the Purchase Agreement. It's a one page contract crafted by the Indiana Association of Realtors that lets all parties know the meaning of As-Is and what to expect.

If there is a foreclosure sale, a condemnation, or a court-ordered transfer, such as in a divorce, a residential real estate disclosure in not required. Likewise, if the trustee of an estate or a bankruptcy is selling property, the trustee is not required to complete a disclosure form.