Wisconsin Real Estate Purchase and Sale Agreement (Investor PDF)
An investor-ready purchase and sale agreement drafted for Wisconsin transactions, plus a plain-English summary of what Wisconsin law expects in a residential purchase contract. Free PDF, no signup required.
Wisconsin Purchase and Sale Agreement
Free PDF • Updated July 2026
Part of our free real estate investor forms library.
What Wisconsin Requires in a Purchase Contract
These are the contract and disclosure requirements our research identified for Wisconsin residential transactions, with statute citations. Requirements change; always confirm the current rule before closing.
Real Estate Condition Report (RECR)
Wis. Stat. ch. 709 (709.01 duty, 709.02 timing, 709.03 form, 709.05 rescission)
Owner of 1-4 unit residential property (also condos, time shares) must furnish the completed statutory condition report within 10 days AFTER acceptance of the contract of sale; if not received, buyer may rescind within 2 business days by written notice and recover deposits; buyer may also rescind after timely receipt if a defect is disclosed
Applies to: transfers by sale, exchange, or land contract of real property with 1-4 dwelling units; exemptions for never-inhabited property, transfers exempt from the transfer fee, and certain court-appointed fiduciaries who never occupied (709.01)
Federal Lead-Based Paint Disclosure Verbatim language required
42 U.S.C. 4852d; 24 CFR part 35 subpart A; 40 CFR 745.113
Pre-1978 housing sales contracts must contain the verbatim Lead Warning Statement plus seller disclosure, records list, buyer acknowledgment, 10-day inspection opportunity, agent statement, and signatures
Applies to: pre-1978 target housing only
Wisconsin Closing Practice at a Glance
| Deed convention | Warranty deed is the customary conveyance for arm's-length residential sales (WB-11 defaults to conveyance by warranty deed unless otherwise stated) |
| Transfer tax | Wisconsin Real Estate Transfer Fee, Wis. Stat. 77.22: 30 cents per $100 of value ($3.00 per $1,000), imposed by statute on the GRANTOR, collected by the register of deeds at recording with an electronic transfer return (eRETR); exemptions at 77.25 |
| Customary payer | seller (statutorily imposed on grantor) |
| Attorney closing | Attorney not required for a typical closing. Not an attorney-closing state; title companies close most deals. Licensees may complete state-approved forms (WB series) under Wis. Stat. 452.40 and Wis. Admin. Code ch. REEB 16; the WB-11 Residential Offer to Purchase (current REEB-approved version mandatory for licensees since 2020) is the standard contract. Unlicensed principals (FSBO/investors) may draft their own contracts; drafting for others is attorney work. |
| Witness and notary | No witnesses required. A conveyance must be signed by the grantor (Wis. Stat. 706.02) and, to be recorded, must be acknowledged before a notary or authenticated by an attorney/authorized official (Wis. Stat. 706.05(2)(b), 706.06, 706.07). Wisconsin's attorney 'authentication' alternative to notarization is distinctive. |
More Investor Resources
Disclaimer: This template and summary are provided free for reference and educational purposes. Clearway Home Buyers is not a law firm and does not provide legal advice, and no attorney-client relationship is created by downloading or using these forms. Real estate law varies by state and by transaction. Review any form with a licensed Wisconsin attorney before use. Read the full disclaimer.
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