FSBO in the Crossroads of America
Indianapolis has a steady, growing housing market with median prices of $260,000–$360,000. Indiana does not require an attorney for closings, and the disclosure requirements are straightforward. Low transfer taxes add to the seller-friendly environment.
Step 1: Price Using Marion County Data
The Marion County Assessor (assessor.indy.gov) provides recent sale data. Use Zillow and Redfin for market context. Carmel, Fishers, and Zionsville command premium prices; Lawrence, Beech Grove, and parts of the South Side are more affordable.
Step 2: Indiana Disclosure Requirements
Indiana Code §32-21-5 requires sellers to complete an Indiana Residential Real Estate Sales Disclosure Form (Form 46234). Provide it before or upon contract execution.
Also: lead paint for pre-1978 homes.
Step 3: Flat Fee MLS on MIBOR
Indianapolis uses MIBOR (Metropolitan Indianapolis Board of Realtors) MLS. Use a flat fee service that covers MIBOR. Budget $300–$425.
Step 4: Title Company and Low Transfer Tax
Indiana's financial institution/real estate transfer tax: $0.10/$100 of sale price (0.1%). On a $310,000 sale: $310. Very low compared to most states.
What FSBO Saves You in Indianapolis
On a $310,000 home at 5%: