What is a seller’s disclosure statement?

A seller’s disclosure statement is a legal document used in real estate transactions in Indiana. It is a type of seller’s disclosure that provides prospective buyers with information about the condition of the property. The seller must disclose any known problems or issues with the property, such as water damage or mold-related problems. The statement must also include information about the property’s title, its history of improvements, and the type of deed on the property. It is important for buyers to read carefully the seller’s disclosure statement in order to gain information about the condition of the home and any potential problems that might need to be addressed. It is also important that sellers provide accurate and complete information in order to avoid any liabilities. The seller’s disclosure statement generally must be provided by the seller to the buyer prior to the closing on the property. This helps potential buyers make an informed decision before purchasing the property.

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What is a seller’s disclosure statement?

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