Wisconsin Real Estate Documents

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Commonly Asked Questions about Wisconsin Real Estate Documents

How do I transfer ownership of a property in Wisconsin?

A deed and an Electronic Wisconsin Real Estate Transfer Return (eRETR) must be completed to convey title to real estate. If you need additional information in regards to your inquiry you will have to consult with a title company or an attorney. You can also contact the Register of Deeds at (608) 266-4141.

What are the disclosure requirements for real estate in Wisconsin?

Wisconsin law requires you to disclose any condition or defect that would result in a docHub negative effect on the property value, that would docHubly impair the health or safety of future occupants, or that would docHubly shorten or negatively affect the normal life of the property.

Does Wisconsin have a real estate transfer tax?

In Wisconsin, the real estate transfer fee (RETF) is the responsibility of the seller of the property, levied at a rate of $3.00 per $1,000 of value.

Does Wisconsin require a real estate attorney?

It is highly recommended that both buyers and sellers have a lawyer during FSBO real estate transactions. A real estate lawyer cannot represent both parties in a transaction, as it would be a conflict of interest.

Who typically pays the property tax bill at the closing when property transfers in Wisconsin?

At closing the buyer receives the sellers portion of the taxes through a credit on the closing statement. The buyer is then responsible to pay the entire tax bill when it becomes due at the end of the year.

Does Wisconsin have a tod?

If an owner is married and the property being transferred is marital property, Wisconsin requires the owners spouse to sign the TOD designation as welleven if the spouse is not listed on the title of the property. (See Making a Wisconsin TOD Designation When You Co-Own Property.)

How to calculate transfer tax in Wisconsin?

The deed transfer tax is $3.00 per $1000.00 or major fraction thereof of consideration. The seller customarily pays the deed transfer tax. Wisconsin does not have a mortgage, recordation or excise tax.