Form WB-13 at a glance
What it is: WB-13 is the Vacant Land Offer to Purchase, approved by the Wisconsin Real Estate Examining Board.
Who signs: Each Buyer signs on the (x) line under Buyer's Signature, with the Print Name Here and the Date. Seller signs on the (x) line, with the Print Name Here and the Date (lines 700, 701, 702, 703, 704, 705).
A filled-in Form WB-13 example: a buyer offers on vacant land
How to fill out Form WB-13, box by box
Buyer and property
Enter the drafting date, the date the Licensee drafts this Offer, and strike those not applicable of agent of Buyer, agent of Seller/listing Firm, or agent of Buyer and Seller.
Fill in the line after The Buyer. The Buyer offers to purchase the Property known as the Street Address, Parcel Number(s), legal description, or additional description, if any, at lines 655-660, or attach as an addendum per line 682, in the lines for the "of" and the County of, Wisconsin.
Purchase price
Fill in the purchase price on the line and in the Dollars ($) box.
Binding acceptance and closing
This Offer is binding upon both Parties only if a copy of the accepted Offer is delivered to Buyer on or before the date you enter. This Offer may be withdrawn prior to delivery of the accepted Offer.
Enter the date this transaction is to be closed, at the place selected by Seller, unless otherwise agreed by the Parties in writing. If the date for closing falls on a Saturday, Sunday, or a federal or a state holiday, the closing date shall be the next Business Day.
Earnest money
In the first EARNEST MONEY box, enter the earnest money that accompanies this Offer. If the Offer was drafted by a licensee, receipt of the earnest money accompanying this Offer is acknowledged.
In the second EARNEST MONEY box, enter the earnest money that will be mailed, or commercially, electronically or personally delivered within the number of days you enter (“5” if left blank) after acceptance.
All earnest money shall be delivered to and held by the listing Firm, the drafting Firm, or other identified as you enter; strike those not applicable (listing Firm if none chosen; if no listing Firm, then drafting Firm; if no Firm then Seller).
Financing commitment contingency
Under FINANCING COMMITMENT CONTINGENCY, this Offer is contingent upon Buyer being able to obtain a written first mortgage loan commitment, with the loan type or specific lender, if any, within the number of days you enter after acceptance of this Offer (lines 354, 355, 356).
The financing selected shall be in an amount of not less than the amount you enter for a term of not less than the years you enter, amortized over not less than the years you enter. Initial monthly payments of principal and interest shall not exceed the amount you enter (line 358).
If this Offer is not contingent on financing commitment
If line 355 is not marked or is marked N/A lines 403-414 apply (line 353).
If this Offer is not contingent on financing commitment, within the number of days you enter (“7” if left blank) after acceptance, Buyer shall deliver to Seller either (1) Reasonable written verification from a financial institution or third party in control of Buyer's funds that Buyer has, at the time of verification, sufficient funds to close. (2) Or the documentation you specify that Buyer agrees to deliver to Seller (lines 402, 403, 404, 405, 406, 407).
Buyer's signature
Each Buyer signs on the (x) line under Buyer's Signature, with the Print Name Here and the Date.
More rules for Form WB-13
Included in purchase price is the Property, all Fixtures on the Property as of the date stated on line 1 of this Offer (unless excluded at lines 17-18), and the following additional items you list. The terms of this Offer, not the listing contract or marketing materials, determine what items are included or not included. Annual crops are not part of the purchase price unless otherwise agreed.
Not included in purchase price is Seller's personal property (unless included at lines 12-13) and the following items you list. Identify Fixtures that are on the Property to be excluded by Seller or that are rented and will continue to be owned by the lessor.
Seller may keep the Property on the market and accept secondary offers after binding acceptance of this Offer.
Acceptance occurs when all Buyers and Sellers have signed one copy of the Offer, or separate but identical copies of the Offer. Deadlines in the Offer are commonly calculated from acceptance. Consider whether short term Deadlines running from acceptance provide adequate time for both binding acceptance and performance.
Wisconsin law requires owners of real property that does not include any buildings to provide Buyers with a Vacant Land Disclosure Report (lines 82, 83).
Complete the date of Seller's Vacant Land Disclosure Report, which was received by Buyer, or strike as applicable, and insert conditions not already included in the disclosure report (lines 93, 94, 95, 96, 97, 98, 99, 100, 101, 181).
If the GOVERNMENT PROGRAMS box is marked, Seller shall deliver to Buyer, within the number of days you enter (“15” if left blank) after acceptance of this Offer, a list of all federal, state, county, and local conservation, farmland, environmental, or other land use programs, agreements, restrictions, or conservation easements, which apply to any part of the Property, along with disclosure of any penalties, fees, withdrawal charges, or payback obligations pending, or currently deferred, if any (lines 181, 182, 183, 186).
Terms of this Offer that are preceded by an open box are part of this offer ONLY if the box is marked such as with an “X”. They are not part of this offer if marked “N/A” or are left blank (line 559).
This Offer is contingent upon Buyer obtaining, at Buyer's expense, the reports or documentation required by any optional provisions checked on lines 256-281 (lines 243, 244).
The optional provisions checked on lines 256-281 shall be deemed satisfied unless Buyer delivers the following within the number of days you enter (“30” if left blank) after acceptance. (1) Written notice to Seller specifying those optional provisions checked on lines 256-281 that cannot be satisfied. (2) Written evidence substantiating why each specific provision referred to in Buyer's notice cannot be satisfied (lines 245, 246, 247).
After Proposed Use, fill in the purpose for which Buyer is purchasing the Property and, if a requirement of Buyer's condition to purchase, the type or style of building(s), size and proposed building location(s), e.g. 1400-1600 sq. ft (lines 250, 251, 252, 253, 254).
If the INSPECTION CONTINGENCY box is marked, this contingency only authorizes inspections, not testing. This Offer is contingent upon a qualified independent inspector conducting an inspection of the Property after the date on line 1 of this Offer that discloses no Defects (lines 305, 319, 320, 321).
This contingency shall be deemed satisfied unless Buyer, within the number of days you enter (“15” if left blank) after acceptance, delivers to Seller a copy of the written inspection report(s) dated after the date on line 1 of this Offer and a written notice listing the Defect(s) identified in those report(s) to which Buyer objects (Notice of Defects). A proposed amendment is not a Notice of Defects and will not satisfy this notice requirement (lines 332, 333, 334, 335).
Seller shall give evidence of title in the form of an owner's policy of title insurance in the amount of the purchase price on a current ALTA form issued by an insurer licensed to write title insurance in Wisconsin (lines 501, 502).
If the SELLER PAYMENT OF COMPENSATION TO BUYER'S FIRM box is marked, Seller agrees to pay to Buyer's Firm the amount you enter toward Buyer's brokerage fees at closing (lines 649, 650, 651).
Under ADDITIONAL PROVISIONS/CONTINGENCIES, list the provisions at lines 655-660. Unless otherwise stated in this Offer, delivery of documents and written notices to a Party shall be effective only when accomplished by one of the authorized methods specified at lines 664-679 (lines 654, 656, 657, 658, 659, 661, 662).
After ADDENDA, enter the attached addenda that are made part of this Offer.
Name Seller's recipient for delivery, if any, and Buyer's recipient for delivery, if any (lines 2, 3, 665, 666, 667, 668, 669, 670, 671, 675, 676).
Common questions about Form WB-13
What is a vacant land offer to purchase in Wisconsin?
WB-13 is the Vacant Land Offer to Purchase, approved by the Wisconsin Real Estate Examining Board. If accepted, this Offer can create a legally enforceable contract (line 608).
Is there a penalty?
If the programs box is marked and Buyer does not terminate this Offer, Buyer agrees to continue in such programs, as may apply, and to reimburse Seller should Buyer fail to continue any such program such that Seller incurs any costs, penalties, damages, or fees that are imposed because the program is not continued after sale (lines 190, 191, 192, 193).
Sources
[1] Form WB-13 (7-1-24), Vacant Land Offer to Purchase, Wisconsin Real Estate Examining Board (the Official source link on this page).