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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.

The Indiana purchase agreement contains key information about the transaction, such as closing date, purchase price, specific contingencies, and any other information that both parties wish to include as part of the deal.

A purchase and sale agreement, also called a sales and purchase agreement or a purchase and sales contract, is a legally binding document that parties in a transaction use to stipulate the terms and conditions that will guide the sale and transfer of goods or property.

The buyer usually puts together the contract, which they present to the seller as an initial offering subject to negotiations. The seller can agree, reject, or counter the proposal. Once both parties come to mutual terms, the contract must be signed and executed in order to transfer the land legally.

Many Hoosiers mistakenly believe that they can legally cancel contracts or purchase decisions as long as they do it within three days of making an agreement. In most cases, that's simply incorrect. Under Indiana law, a sale is usually considered final immediately.

A purchase agreement is a legal document that is signed by both the buyer and the seller. Once it is signed by both parties, it is a legally binding contract. The seller can only accept the offer by signing the document, not by just providing the goods.