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What is a condition report?
A Condition Report (or Home Condition Report HCR) is a type of building survey. Building surveys are a means of providing an evaluation of a property's condition. They may be prepared for individual homeowners, home buyers or for investors in property portfolios to help inform future investments.
What form is used to disclose the condition of the property?
The (TDS) describes the condition of a property and, in the case of a sale, must be given to a prospective buyer as soon as practicable and before transfer of title.
Is Wisconsin a disclosure state?
n 1992 Wisconsin became one of the first states to require residential property owners to disclose property defects in conjunction with a sale.
What is a real estate condition report in Wisconsin?
THIS CONDITION REPORT CONCERNS THE REAL PROPERTY LOCATED AT (STREET ADDRESS) IN THE (CITY) (VILLAGE) (TOWN) OF , , STATE OF WISCONSIN. THIS REPORT IS A DISCLOSURE OF THE CONDITION OF THAT PROPERTY IN COMPLIANCE WITH SECTION 709.02 OF THE WISCONSIN STATUTES AS OF (MONTH), (DAY), (YEAR).
Which report is known as conditional report?
Conditional report is known as condition survey.
wisconsin real estate condition report 2018