An Indiana purchase agreement is a written contract in which a buyer and a seller record the price, the deposit and the terms of a real estate transaction. This free Indiana real estate purchase agreement is written for homes. Fill it out online or download it as a PDF or Word file. When an owner sells a home, Indiana law also asks the owner to complete a disclosure form before an offer is accepted.[1.6]
Last Updated: October 2026. This guide is reviewed and updated regularly to reflect current Indiana law. If you notice an error or outdated information, please contact us.
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An Indiana residential purchase and sale agreement is the contract a buyer and a seller sign to transfer a home. This Indiana real estate purchase agreement template records the parties, the property, the price, the deposit and the closing terms in numbered sections. Read every section before you sign.
The FormsPal template is written for residential property. Its numbered sections cover:
Many buyers make a purchase depend on conditions called contingencies, such as loan approval. The template has check boxes for a financing contingency and for selling another property. Check the boxes that match your deal.
Write N/A on any line that does not apply. That way no blank line can be read two ways.
Buyers and sellers in other states can start from our purchase agreement pages or the fillable real estate sales contract collection.
An Indiana commercial purchase and sale agreement is the contract for buying commercial real estate, such as an office building, a store or a warehouse. It sets the price, the deposit and the terms both sides accept. The form on this page is written for residential property, so a commercial deal needs terms drafted for that kind of property.
In practice, the buyer often sends the first draft. The seller can accept it, answer with a counteroffer, or decline it. Many parties also ask a real estate attorney to review the agreement before they sign. An Indiana attorney can also explain how Indiana law applies to the deal.
Commercial deals often add terms that a home purchase rarely needs, such as:
Indiana law requires an owner to complete and sign a disclosure form. The owner submits it to a prospective buyer before an offer for the sale of the residential real estate is accepted.[1.6] The Indiana real estate commission adopts the specific form.[1.1] The FormsPal template on this page has a section for the property disclosure statement and a section for lead-based paint disclosures.
The statute lists what the form must contain. Two of the items concern drugs. The owner discloses:
Beyond the form, many sellers also tell buyers about other problems they know of, such as:
The disclosure has two timing points:
The statute limits what the form means. It says the form is not a warranty:
A disclosure form is not a warranty by the owner or the owner's agent, if any, and the disclosure form may not be used as a substitute for any inspections or warranties that the prospective buyer or owner may later obtain.
The form is for disclosure only. It carries a notice that the representations in it are the owner's and not the agent's, if any. The information is not intended to be a part of any contract between the buyer and the owner.[1.4]
An owner is not liable for an error, inaccuracy or omission in the information delivered to the buyer if both of these are true:
A contingency is a condition that the deal depends on, such as the buyer getting a loan or a clean inspection. Each one needs a plain description and a deadline. If the wording is vague, the buyer and the seller may read it two different ways.
Common contingencies in a home purchase include:
Before you sign, ask what happens to the earnest money deposit if a contingency is not met. The answer should be written in the agreement, not left to memory.
Plain wording keeps a contingency clear. These examples show the style, and your attorney can adjust them to your deal:
A real estate purchase agreement sells property, while a lease agreement rents it. Both are real estate agreements, but they serve different goals and need different terms. Choosing the right one at the start saves time, and an attorney can confirm which one fits your plan.
| Point | Purchase agreement | Lease agreement |
|---|---|---|
| Goal | Transfer ownership of the property | Allow use of the property for a set time |
| Main parties | Buyer and seller | Landlord and tenant |
| Money | Purchase price and earnest money deposit | Rent and a security deposit |
| Usual end point | Closing | End of the lease term |
Land deals need extra care. A buyer of vacant land has no house, utilities or appliances to list, so the real estate agreements for land focus more on boundaries, access and the legal description. Ask an Indiana attorney whether the form fits the land you plan to buy, and which law applies to its use.
Most problems with a purchase agreement are small ones, such as a wrong address, a missing deadline or a blank line. Each can start a dispute after the deal is signed. A slow read of the finished form catches most of them.
Print a clean copy and read it aloud with the other party. Two people reading together notice gaps that one reader skips.
Buyers and sellers want different things from the same contract, so each side should read it from its own point of view. A few habits help both of them. Keep every draft, write down every change, and ask an attorney about anything unclear before you sign.
Before you sign an Indiana purchase agreement, check each term against your documents. A careful read helps the buyer and the seller avoid disputes about money, the deposit or the closing date later.
Other Indiana agreements and forms sometimes come up around a home purchase. They include an Indiana lease agreement, a transfer on death deed and an Indiana power of attorney.
If you download the PDF, you can fill it in and sign it with our online PDF editor. At closing, the seller transfers title with a deed, and some transfers use an Indiana quitclaim deed. Personal property that changes hands with the home can be recorded with an Indiana bill of sale.
An Indiana real estate purchase agreement is a written contract between a buyer and a seller of real estate. It names the parties, describes the property and sets the price, the deposit and the closing terms. Once both sides sign, it becomes the roadmap for the rest of the transaction.
People use it for houses, condominiums, vacant land and commercial buildings. You may also see it called a purchase and sale agreement or a sales contract. The name changes, but the job stays the same. It puts the deal in writing before money and title change hands.
In practice, these people read the agreement closely:
Yes, for residential real estate. An owner must complete and sign a disclosure form and submit it to a prospective buyer before an offer for the sale of the residential real estate is accepted.[1.6]
A seller property disclosure puts what the owner knows about the property in front of the buyer. In Indiana the form covers known controlled substance contamination and methamphetamine manufacture.[1.2][1.3] It is not a warranty.[1.5] At or before settlement, the owner must disclose any material change or certify that the condition is substantially the same.[1.8]
General information, not legal or tax advice.
