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An “owner” who transfers real estate containing one to four dwelling units, including a condominium unit and time-share property, by sale, exchange, or land contract is required to complete this report.
The WRA has revised the Real Estate Condition Report (RECR), Vacant Land Disclosure Report (VLDR), Real Estate Condition Report — Farm (RECR-Farm), and Seller Disclosure Report — Commercial (SDR-Commercial).
26 Μαΐ 2021 · Wisconsin Real Estate Condition Reports – A Brief Overview for Buyers and Sellers. Generally when selling a home, Wisconsin homeowners are required under Wis. Stat. § 709.02. to provide buyers with a Real Estate Condition Report (“Report”).
11 Ιουλ 2024 · This document, completed by the seller, provides valuable insights into the property’s condition. The RECR covers various aspects of the property, including: Structural Components: Foundation: Cracks, leaks, settling. Roof: Leaks, missing shingles, age. Walls: Cracks, bowing, water damage.
According to Wisconsin Statutes § 709.02, most sellers are required to provide the Real Estate Condition Report to a buyer within 10 days of accepting a purchase offer. However, there are certain exemptions, and not all sellers are obligated to provide the report.
16 Ιουν 2022 · Under Wisconsin law, the obligation of a seller to provide a real estate condition report applies to the sale of real estate involving one to four dwelling units and the sale of property that does not include any buildings. It also applies to the sale of a condominium unit or time-share property.
real estate condition report disclaimer a. 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). it
