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The document is a Real Estate Condition Report for a property in Madison, Wisconsin, required by Wisconsin Statutes. It serves as a disclosure of the property's condition as of a specified date, detailing various potential defects and issues related to the roof, electrical system, plumbing, HVAC, well, septic system, structural integrity, and other relevant factors. The report emphasizes that it is not a warranty and encourages prospective buyers to seek professional inspections. The owner certifies the accuracy of the information provided.

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How to fill out a property condition report?

There are four basic steps to complete to fill out the report: Add landlord and tenants information. Create a floorplan. Add + rate items for all associated rooms. Review and send for signing.

Is a property condition report required in Wisconsin?

Most, but not all, sellers of real estate in Wisconsin are required to submit a so-called real estate condition report to any potential buyer. (See Chapter 709 of the Wisconsin Statutes.) The law doesnt, however, apply to multi-unit properties (more than four dwelling units).

Who completes a property condition report?

The condition report should ideally be completed by the Property Manager during or before the time when the tenant first establishes residence in your rental unit.

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.

How do you write a condition report?

Begin by providing a single word to summarise the condition, then continue to describe the overall appearance and condition leaving specific detail until last. For example, when discussing a cane basket you may say: Fair, generally dusty with blue paint splatters overall.

wi real estate condition report

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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.

How to fill out a real estate condition report?

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.

Get the up-to-date wi real estate condition report 2019-2025 now

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Is a property condition report required in Wisconsin?

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Who must complete a real estate condition report?

How do you write a condition report?

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

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