Short answerA title company usually runs Indiana closings. You sign the deed, the settlement statement, and the Indiana Sales Disclosure Form. The title company pays off your mortgage, prorates property taxes, pays fees, records the deed, and sends your proceeds, usually by wire. Bring a photo ID and your keys and openers.
What you sign
- The deed transferring the property to the buyer.
- The settlement statement showing every credit and charge.
- The Indiana Sales Disclosure Form (State Form 46021), filed with the county.
- Payoff authorization and any affidavits the title company requires.
Who usually pays what in Indiana
| Item | Customary payer |
|---|---|
| Owner's title insurance policy | Seller |
| Lender's title policy | Buyer |
| Closing or settlement fee | Split |
| Recording fees | Buyer |
| Deed transfer tax | None in Indiana |
Customs can be changed in the purchase agreement. Indiana property taxes are paid in arrears, so sellers usually give the buyer a credit; see tax proration.
What to bring
- Photo ID for every seller on title.
- Keys, garage openers, and codes.
- Wiring instructions confirmed by phone with the title company.
Frequently asked questions
When do I get my money after closing?
Usually the same day or the next business day by wire, once the title company disburses.
Do I need to attend closing?
Often sellers can sign ahead of time or remotely. Ask the title company early.
Keep reading
Want to know what a buyer's inspector may find before they do?
Book a free pre listing condition walk. I walk the house with you, point out what inspectors and FHA, VA, and USDA appraisers tend to flag, and give you planning ranges so you can decide what to fix, credit, price in, or disclose.
Book a condition walkOr call or text (812) 525-5489, or email [email protected].
The condition walk is a REALTOR® and contractor evaluation, not a home inspection, and it does not replace one. If you have already signed a listing agreement with another agent, please take these questions to your agent.
Sources
- Old Republic Title, Real Estate Laws and Customs, Indiana
- Indiana DLGF, Sales Disclosure Form (State Form 46021)
Written by John Long, REALTOR®, 1 Percent Lists Indiana Real Estate. Working contractor who has priced hundreds of home inspection repair requests. Former labor relations negotiator for a major manufacturer and U.S. Coast Guard veteran.
John Long, REALTOR® · 1 Percent Lists Indiana Real Estate · (812) 525-5489 · yourpropertynegotiator.com
This page is general information, not a substitute for a professional home inspection, and not legal, tax, insurance, or lending advice. Ask a real estate attorney about contracts and disclosure, a CPA about taxes, your lender about loan rules, and a licensed inspector or tradesperson about your house. Nothing here guarantees a sale price, net proceeds, repair cost, payment, timeline, appraisal, inspection result, or loan approval. Cost figures are planning estimates, not bids. I own Wardmark Property Operations LLC, a contracting company. You are always free to use any contractor you choose.