Wisconsin Real Estate Purchase Agreement Template

Downloads: 306

The Wisconsin purchase agreement administers the documentation of the sale of real property for an identified financial price. Listed within the contract are the terms of sale and pertinent information on the seller, buyer, purchase price, and closing date. The binding arrangement accounts for a customary consideration of earnest money as a promissory commitment to the accord.

Required Disclosures

Lead-Based Paint Disclosure (42 U.S. Code § 4852d) – For real estate buildings produced in 1978 or prior, additional disclosure is mandated to acknowledge the severe dangers posed by lead-based paint.

Real Estate Condition Report (§ 35-18-709) – The state of Wisconsin states that a seller must inform the potential buyer of any physical issues that they are aware of concerning the property that could decrease the real estate value. The condition report is to be provided for the buyer within ten days of sales offer acceptance and signed by both parties for valid conveyance.

Condominium Addendum to Real Estate Condition Report – Condos require further documentation of the current condition of the space that also communicates additional information on common areas of the building and auxiliary fees.

Government Versions

Wisconsin Department of Regulation and Licensing Wisconsin Residential Offer to Purchase (WB-11)

Wisconsin Department of Regulation and Licensing Residential Condominium Offer to Purchase (WB-14)