Which disclosure is most commonly required in residential?

The transfer disclosure statement (TDS) evaluates the condition of a property. Every residential seller must complete the TDS document. It will let the buyer know about major defects at the property.

What type of information must be disclosed to the seller?

Damage, Hazards And Faulty Systems Common issues that require disclosures include anything that may cause major foundation issues to a property or endanger a prospective buyer or the integrity of the house. These issues and hazards include: Water damage. Cracks in the foundation.

Who is exempt from seller's disclosure in Indiana?

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.

What is the most commonly used disclosure?

What is the most common disclosure in real estate? Since the disclosure of the presence of lead paint is required by the federal government, it is the most common disclosure. Lead paint is a significant health hazard, particularly for children.

Which disclosure is most commonly required in residential real estate?

The (TDS) describes the condition of a property and, in the case of a sale, must be given to a prospective buyer as soon as practicable and before transfer of title.

Is Indiana sales disclosure form required?

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

What are the main categories of disclosure?

There are three types of disclosure. Authorized disclosure. Willful unauthorized disclosure. Inadvertent unauthorized disclosure.

Whose responsibility is it to complete the seller's residential real estate sales disclosure form in Indiana?

This information is for disclosure only and is not intended to be a part of any contract between the buyer and the owner. 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.

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Seller's Residential Real Estate Sales Disclosure - 2008 ... - Valu Net

Get Seller's Residential Real Estate Sales Disclosure - 2008 ... - Valu Net

's CURRENT ACTUAL KNOWLEDGE as of the above date. The prospective buyer and the owner may wish to obtain professional advice or inspections of the property and provide for appropriate provisions in a contract between them concerning any advice, inspections, defects, or warranties obtained on the property. The representations in this form are the representations of the owner and are not the representations of the agent, if any. This information is for disclosure only and is not intended to be a p.

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