This is a guide for Sellers and Buyers when selling or buying real estate. It is a great tool to educate you about the selling or buying process and also includes information on the real estate closing. State specific information about certain issues is included with the package. Please see the preview link below to view the table of contents.
Indiana LegalLife Multistate Guide and Handbook for Selling or Buying Real Estate
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Scope Out the Competition (Be A Nosey Neighbor) Give Indiana Buyers What They Want. Analyze Indiana's Real Estate Market Data for a Correct Listing Price. Make Sure Your Real Estate Photographs Don't Suck.
Some states do not disclose the actual value of property sales to the public. Non-disclosure states include: Idaho, Indiana, Kansas, Mississippi, Missouri, Montana, New Mexico, North Dakota, South Dakota, Texas, Utah, and Wyoming.
Indiana Courts generally apply the rule of caveat emptor, or buyer beware, in connection with sales of residential real estate.Notably, there is no exception for the sale of a residential property by a seller that never lived in the home being sold.
In the state of Indiana, you are not required to disclose if you think a house is haunted or if someone died in the home but you may not misrepresent or lie if a potential buyer asks.
A land contract is traditionally defined as a conditional real property sale agreement.This agreement generally occurs when a buyer buys a property, but obtaining title is conditioned upon paying the entire purchase price plus any other interest and charges, as applicable. In Indiana, pursuant to Skendzel v.
Scope Out the Competition (Be A Nosey Neighbor) Give Indiana Buyers What They Want. Analyze Indiana's Real Estate Market Data for a Correct Listing Price. Make Sure Your Real Estate Photographs Don't Suck.
Some states have the caveat emptor rule, which means that the buyer is responsible for uncovering anything wrong with the property. Indiana is not a caveat emptor state.
While there's no hard-and-fast list of which states follow caveat emptor and which don't, Alabama, Arkansas, Georgia, North Dakota, Virginia, and Wyoming are largely known as caveat emptor states. In others, courts have upheld the principle only some of the time.