The Wisconsin sales contract manages documentation of the sale of real estate at a declared financial price. As part of the contract, the terms of sale and relevant information about the seller, buyer, purchase price and completion date are indicated. The binding agreement provides for a usual consideration of serious money as the debt promise of the agreement. State of The Real Estate Report – Wisconsin law requires sellers to submit a status report within 10 days of accepting an offer to purchase, without sellers being listed on 709.01 (2). In Wisconsin, sellers are required to enter into a real estate purchase agreement and the following disclosure statement on the terms of the real estate, so that the agreement is considered legally binding: the contract for the sale of residential real estate in Wisconsin («residential sales contract») is a contract that is used for the purchase of real estate when submitting the offer. The agreement opens the negotiation process by indicating the buyer`s offer for the acquisition of the property. Fact: There is a difference between an inspection and a check, and according to line 398 of the sales contract, the inspector can only verify whether the officer specifically included the examination in the inspection. If the tests are not included, you should opt for additional services. Fact: According to line 378 of WB-11 Wisconsin Housing Offer to the sale agreement, if this offer does not close, the serious money is distributed in accordance with the payment agreement that the buyer and seller sign, consent and reciprocal sharing. A purchase and sale agreement in Wisconsin is used to determine the terms of sale and purchase of real estate. In the contract is a description of the residence, personal items that are included in the sale (for example. B appliances, furniture, curtains), and financial conditions such as purchase price and payment method. If the seller`s property is not mentioned in the provisions of p.
709.01 (2), they must submit to the buyer a report of the condition of the property.