Wisconsin Residential Purchase and Sale Agreement

A Wisconsin residential purchase and sale agreement is used to determine the conditions of the sale and purchase of real estate. Mentioned in the contract will be a description of the residence, the personal items to be included in the sale (e.g., appliances, furniture, curtains), and financial terms such as the purchase price and method of payment. Unless the seller’s title is listed in § 709.01(2), they will need to provide the buyer with a condition report of the property. The report must be given within ten (10) days after an offer has been accepted. If the property is a condominium (and a condition report is required), the seller must also include an addendum to describe the property in greater detail. Both condition reports are accessible below under “Related Disclosures.”

Table of Contents

Realtor Versions

Department of Safety and Professional Services Residential Offer to Purchase

Department of Safety and Professional Services Residential Condominium Offer to Purchase

Required Disclosures

Lead-Based Paint Disclosure – Buyers acquiring a residence built prior to 1978 must be given a disclosure notifying them of any history of toxic lead-based paint.

Real Estate Condition Report – Wisconsin law requires sellers, not including those listed in 709.01(2), to produce a condition report within ten (10) days of accepting an offer to purchase.

Condominium Addendum to Real Estate Condition Report – If a condition report is required for the sale of a condominium, an addendum must be included with the report to provide additional information about the property (e.g., condominium name, unit number, fees).

Commercial Property

Commercial Purchase Agreement This document can be used between a purchaser and seller to buy commercial property.

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