The Indiana Department of Administration is responsible for the Indiana State Surplus Land Ordinance. Based on IC 4-20.5-7, the ministry`s disposition policy holds two processes for the disposal of excess land: sealed bid and live auction. The department conducts a trial search on the basis of properties. The purchase of land at market prices, as fixed by the sealed auction or auction procedure, is granted in preference to public authorities, universities and political subdivisions. Immovable property for which no public authority, university or political subdivision informs the department of its interest is awarded to the bidder offering the highest bid or auction amount equal to or greater than the impaired value. With regard to real estate, a contract of sale is a contract between a buyer who wishes to buy a house or other land and a seller who owns and wishes to sell that property. A real estate purchase contract is usually offered by a buyer and is subject to acceptance of the terms by the seller. This agreement can be used for any purchase or sale of property as long as the construction of the house is completed before the closing date of the contract. An agreement for the purchase and sale of indiana residential is a legally binding contract between a seller and a buyer of residential real estate.
This contract includes all the elements of the sale of the property, including the price, the condition of the property, inspections, closing conditions, rights and obligations of both parties, among other important conditions. Seller`s Residential Real Estate Sales Disclosure (Form 46234) (§ 32-21-5-7) – This is a complete disclosure form that must be completed by the seller of a residential property and submitted to any potential buyer. The seller`s residential property sale form informs the buyer of defects, problems or other information*, which should be reported before the conclusion of a purchase and sale contract. After seeing House Hunters on HGTV for years, it`s finally your turn to find the perfect home.