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Loading... An “owner” who transfers real estate containing one to four dwelling units, including a condominium unit and time-share property, by sale, exchange, or land contract is required to complete this report.
REAL ESTATE CONDITION REPORT. Page 1 of 2. DISCLAIMER. (CITY) (VILLAGE) (TOWN) OF , COUNTY OF , STATE OF WISCONSIN. THIS REPORT IS A DISCLOSURE OF THE CONDITION OF THAT PROPERTY IN COMPLIANCE WITH SECTION .
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The WRA has revised the Real Estate Condition Report (RECR), Vacant Land Disclosure Report (VLDR), Real Estate Condition Report — Farm (RECR-Farm), and Seller Disclosure Report — Commercial (SDR-Commercial).
May 15, 2023 · Learn why the property condition report is critical for both buyers and sellers during the prime home buying season in Wisconsin. Our guide covers everything you need to know about this important document and the legal implications of not disclosing known defects or problems with the property.
Section 709.02 (1) and the statutory form under this section clearly set out the reasonable expectation regarding who may rely on a real estate condition report. In s. 709.02 (1), “prospective buyer" refers specifically to a buyer already in contract with the seller.
Wisconsin statutes require that a home seller provide to a buyer, not later than 10 days after acceptance of a contract of sale or option contract, a Real Estate Condition Report "Report". The Report provides the seller the ability to disclose property defects, including the following:
May 26, 2021 · Wisconsin Real Estate Condition Reports – A Brief Overview for Buyers and Sellers. Generally when selling a home, Wisconsin homeowners are required under Wis. Stat. § 709.02. to provide buyers with a Real Estate Condition Report (“Report”).
