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Wisconsin real estate condition report pdf

Wisconsin real estate condition report form 2021-2026

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The document is a Real Estate Condition Report from the Wisconsin REALTORS® Association, which serves as a disclosure of the property's condition in compliance with Wisconsin statutes. It outlines the owner's knowledge of defects and issues related to the property, including structural, mechanical, and environmental concerns. The report emphasizes that it is not a warranty and encourages prospective buyers to seek professional inspections.

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How to use or fill out Wisconsin Real Estate Condition Report Form 2021

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Click ‘Get Form’ to open it in the editor.
Begin by entering the property address in Section A. Ensure that you include the city, village, town, and street address accurately.
In Section B, provide the owner's information. Be sure to indicate your awareness of any defects by selecting 'yes', 'no', or 'not applicable' for each statement listed.
Proceed to Section C, where you will disclose specific property condition statements. For any 'yes' responses, elaborate in the additional information area provided.
Complete Section D with any additional relevant information regarding the property’s condition or history that may affect its value.
Finally, ensure that all owners sign and date the certification in Section E to validate the report before submission.

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How to fill out a real estate condition report?

The report may include such items as concerns observed, recommendations for repairs or further inspections, opinions of the likely cost of future capital projects, and Americans with Disabilities Act (ADA) compliance surveys.

What is in a property condition report?

A sellers disclosure is a real estate document that provides details about a propertys condition and how it might negatively impact the value of the home. It is often required by law, though what it needs to contain can vary by state and locality.

Is a real estate condition report required in Wisconsin?

A condition report should include a general, surface-level overview of the condition of the structure of the building, the state of repair, maintenance issues and any defects. The report should also make recommendations on any repairs that are needed and advise on anything important that needs addressing.

How long are you liable after selling a house in Wisconsin?

709.02 Disclosure. (1) In regard to transfers described in s. 709.01, the owner of the property shall furnish, not later than 10 days after acceptance of a contract of sale or option contract, to the prospective buyer of the property a completed copy of the report under s.

Who must complete a real estate condition report?

When selling a home, barring a few exceptions, most Sellers will need complete and sign a Real Estate Condition Report (RECR). This report is meant to disclose the condition of your home and whether you are aware of any particular issue or defect.

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What has to be disclosed when selling a house in Wisconsin?

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