When must Nelson submit the Indiana Real Estate Sales Disclosure Form for his four-unit apartment building?

The Indiana Real Estate Sales Disclosure Form must be submitted to potential buyers before the seller accepts any offer to purchase. This requirement ensures that buyers are fully informed about the property’s condition and any known issues prior to making a formal commitment. By providing this disclosure upfront, sellers are fulfilling their legal obligation to disclose material defects and relevant property information, which ultimately helps to build transparency and trust in the transaction process.

Submitting the disclosure prior to accepting an offer protects both parties, giving buyers the opportunity to make an informed decision based on the information provided. Once an offer is accepted, discussions about the sale are significantly more advanced, and any important information that could influence a buyer's decision should have already been disclosed. This aligns with Indiana's real estate laws aimed at fostering fair and open transactions.