An Indiana Real Estate Purchase Agreement is a formal contract between the seller and the buyer that verifies the transfer of real property from one party to the other. To make sure the terms and conditions of this document are legally binding for both participants of the deal, you must identify both parties in the agreement, provide the legal description of the real estate and list appliances and fixtures included in the transaction, record the price of the property and the date and method of payment, and indicate the contingencies that will terminate the agreement - for instance, the house does not pass inspection or the buyer cannot secure payment by a specific date.
You can make your own Indiana Real Estate Purchase Agreement via our online form builder or download a ready-made form through the link below. There are no official Indiana forms and templates that outline the transfer of real property from one private party to another; however, if you purchase buildings or land from the State of Indiana, you will complete a Real Property Purchase Agreement issued by the Indiana Department of Administration.
Indiana real estate owners must prepare two more documents for the purchasers of their residential property: