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Todays topic is the new Wisconsin real estate condition report that went into effect July 1 2018 after July 1 of 2018 all home sellers are required to make certain new disclosures to prospective buyers if these disclosures are not made it can provide a reason for the buyer to undo the contract if you think about when youre buying a home you generally dont want to buy it with a lot of surprises thats the intent behind the real estate condition report the Wisconsin Realtors Association has said the intent is to make the report more user friendly and less confusing and theres multiple changes to the wording but theres four main areas I want to cover and today Im going to talk about the disclosure or existence of restrictive covenant the old report talked about disclosing youre aware of a homeowners association affecting the property but there can be a restrictive covenant in place without a homeowners association or a homeowners association without restrictive covenant now what
