Wisconsin Real Estate Magazine: I Noticed You 2025

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The document is a WB-41 Notice relating to an Offer to Purchase real estate in Wisconsin, approved by the Wisconsin Real Estate Examining Board. It outlines the procedure for notifying a party about an offer without requiring their agreement, and emphasizes that once delivered, the notice cannot be withdrawn without consent. The document includes sections for details of the offer, supporting documents, signatures, and delivery confirmation.

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

709.03 that requires a seller to provide details of specific safety and health hazards associated with any property defect. Sellers of real estate are required to disclose general descriptions of potential defects in the property.

What is a notice of defects in Wisconsin real estate?

The Notice of Defects is controlled by the purchase agreement, but often requires the home inspection report that discovered the defects plus a listing of the defects identified in the report. The defect list may be specifically enumerated in the report or incorporated into the report by reference.

How does Wisconsin law define a defect?

(2m) Defect means a condition of any component of an improvement that a home inspector determines, on the basis of the home inspectors judgment on the day of an inspection, would significantly impair the health or safety of occupants of a property or that, if not repaired, removed, or replaced, would significantly

What is the right to cure in real estate?

The right to cure letter, in simple terms, is a legal document that a mortgage lender sends to a borrower who has fallen behind on their payments. This letter serves as a formal notification and gives the borrower a specific period typically 30 to 120 days to resolve the default by paying the overdue amount.

What does notice of defect mean?

Notice of defects means a written notice executed by Owner and delivered to Contractor identifying any defects in the Work setting forth in reasonable detail a description of the defect.