Fillable State Form 46021 - Sales Disclosure Form (Page 5 of 13) in pdf

INDIANA SALES DISCLOSURE FORM INSTRUCTIONS

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10. Physical changes to property between March 1 and date of sale: A change from current property class status, changed to a different use, i.e.,

grocery store changing to bowling alley.

11. Partial interest: Individual not having 100% interest in said property. Provide a description in special circumstances in table C item 3.

12. Easements or right‐of‐way grants: Right held by one party of said property to use the land of another for a specific purpose.

13. Document for compulsory transactions as a result of foreclosure or express threat of foreclosure, divorce, court order, condemnation, or

probate: Court ordered transaction.

14. Documents involving the partition of land between tenants in common, joint tenants, or tenants by the entirety: Split of property between two

or more individuals who own inseparable interest in a parcel of real property.

15. Transfer to a charity, not‐for‐profit organization, or government entity: Identify if the property will be owned by a charity, not‐for‐profit

organization or a government entity as a result of the transfer.

C. SALES DATA

The conveyance date and sales price of the property transfer is to be printed in the spaces provided. Any unusual or special conditions of the sale

that may affect the sales price or terms of the sales agreement should also be described. With regard to personal property (see definitions below),

the buyer or seller must enter an estimated value of the personal property included in the sale. Similarly, the buyer and seller must enter the

amount of seller paid points as applicable.

Conveyance date: Date the conveyance document is signed. Effective date of the deed or document, or the date of the most recent signature on

the conveyance document. This date determines what year the sale may be used for trending calculations and may also be referred to as the

date of the sale.

Total number of parcels: Total number of parcels included on the conveyance document. Each should be listed separately in table A above. If

there are more than two parcels involved in the transaction, additional parcel information must be included in an attachment to this form.

Describe any unusual or special circumstances related to this sale, including the specification of any less‐than‐complete ownership interest and

terms of seller financing.

Is there a family or business relationship existing between buyer and seller? Do the buyer and seller have a mutual interest in said property?

State the amount of any discount from market value.

Provide estimated value of personal property: This should be the amount of property not permanently affixed to said parcel. Refer to number 8

in section B.

State the price at which said property is actually sold.

Identify if the seller is financing the sale: If the answer is yes to this question, C. Sales Data, items 7‐13 must be completed.

If seller is financing, indicate whether the buyer/borrower personally liable for loan.

If seller is financing, identify if this is a mortgage loan.

10. If seller is financing, state the amount of loan being financed by the seller.

11. If seller is financing, state the interest rate shown as a percentage.

12. State the amount in points, if applicable. Principal amount deducted.

13. If seller is financing, state the amortization period or the time needed to repay a loan on said property.

D. PREPARER

The individual preparing the sales disclosure form is to provide full name, title, company, full address, telephone number, and email. The contact

information provided is used by county officials to validate the sale and must be valid for at least 30 days following the filing of the sales disclosure

form. Telephone number and email are requested in order for the assessor to validate the sale. Telephone numbers provided are retained as

confidential.

E. SELLER(S)/GRANTOR(S)

Seller(s)/grantor(s) are to provide the full name, address, telephone number, and email for seller(s) or entity as applicable. The contact information

provided is used by county officials to validate the sale and must be valid for at least 30 days following the filing of the sales disclosure form. If

there are more than two individuals or entities involved in the transaction, additional ownership information must be included in an attachment to

this form. Telephone number and email are requested in order for the assessor to validate the sale. Telephone numbers provided are retained as

confidential. Seller(s)/grantor(s) are required to sign certifying that the sales disclosure is true, correct and complete as required by law, and is

prepared in accordance with IC 6‐1.1‐5.5.

The buyer/grantee, seller/grantor or their representatives must sign one (1) sales disclosure form, or if the parties do not agree on the information

to be included on the completed form, each party must sign and file a separate form. For conveyance transactions that involve more than two (2)

parties, it is sufficient for one (1) transferor and one (1) transferee to sign the SDF. If anyone other than the buyer/seller or an attorney of the

buyer/seller is signing the form, a properly executed Power of Attorney must be completed and attached. A person who knowingly and

intentionally falsifies value of transferred real property, or omits or falsifies any information required to be provided in the sales disclosure form

commits a Class C felony.

F. BUYER(S)/GRANTEE(S) – APPLICATION FOR DEDUCTIONS AND CREDITS

Buyer(s)/grantee(s) are to provide the full name, address, telephone number, and email for buyer(s) or entity as applicable. The contact

information provided is used by county officials to validate the sale and must be valid for at least 30 days following the filing of the sales disclosure

form. If there are more than two individuals or entities involved in the transaction, additional ownership information must be included in an

attachment to this form. Telephone number and email are requested in order for the assessor to validate the sale. Telephone numbers provided

are retained as confidential. The buyer/grantee must also indicate whether the property will be used as a residential primary residence.

Buyer(s)/grantee(s) are required to sign certifying that the sales disclosure is true, correct and complete as required by law, and is prepared in

accordance with IC 6‐1.1‐5.5. The sales disclosure form may be used to apply for the homestead standard deduction for this property. Individuals

State Form 46021 - Sales Disclosure Form Page 5

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