Summary of Real Estate Sales Package
This package includes essential legal documents required for the sale of residential real estate in Wisconsin. It addresses the legal issues surrounding the transfer of property ownership, ensuring that both buyers and sellers have a clear understanding of their rights and responsibilities. The forms are prepared by licensed attorneys and are tailored to meet state-specific requirements.
Circumstances that call for this form
This package is typically used in the following scenarios:
- When a homeowner is ready to sell their residential property without a real estate broker.
- When a buyer wants to make an offer on a home.
- During negotiations between buyers and sellers regarding the sale terms.
- To ensure compliance with state laws regarding property disclosures.
Who might need Real Estate Sales Package
This form package is intended for:
- Homeowners looking to sell their residential property without a real estate broker.
- Prospective buyers interested in purchasing a home.
- Attorneys assisting clients with real estate transactions.
Sections you'll find in this form
The Wisconsin Real Estate Home Sales Package includes several important documents:
- Offer to Purchase: An initial proposal from the buyer expressing interest in the property.
- Contract for the Sale and Purchase of Real Estate: The main legal agreement detailing the sale terms.
- Seller's Disclosure: A document where the seller discloses any known issues with the property.
- Lead-Based Paint Disclosure: A required notice for homes built before 1978 regarding potential lead hazards.
Help with completing the Real Estate Sales Package
Follow these steps to complete the forms:
- Identify the parties: Clearly state the names and contact information of both the buyer and seller.
- Describe the property: Include the address and any specific details about the residential property being sold.
- Specify the sale terms: Outline the purchase price, earnest money amount, and any financing details.
- Complete the disclosures: Ensure the seller fills out the Seller's Disclosure and Lead-Based Paint Disclosure accurately.
- Sign the documents: Both parties should review and sign all forms to finalize the agreement.
Where this form is valid and how
This package adheres to Wisconsin's specific legal requirements for real estate transactions, including:
- Mandatory written contracts for property sales.
- Specific disclosures regarding property conditions and lead-based paint for homes built before 1978.
- Provisions regarding earnest money and other financial obligations.
Make changes easily with the online form
Accessing the Wisconsin Real Estate Home Sales Package online offers several advantages:
- Convenience: Download and complete the forms from the comfort of your home.
- Editability: Easily make changes to the forms as needed before finalizing.
- Legal reliability: Ensure that you are using the most up-to-date forms prepared by licensed attorneys.
