WB-11: Wisconsin Residential Offer to Purchase

Fill in the blank after "The Buyer," and the Street Address after "offers to purchase the Property known as".

Fill in "in the of , County of , Wisconsin" and insert additional description, if any, at lines 570-590 or in an addendum per lines 591-598.

Strike those not applicable: (AGENT OF BUYER), (AGENT OF SELLER/LISTING FIRM) or (AGENT OF BUYER AND SELLER), after "LICENSEE DRAFTING THIS OFFER ON" and its date.

Enter the purchase price after "The purchase price is" and in Dollars ($ ).

"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 20-23), and the following additional items:" Write them there.

The terms of this Offer, not the listing contract or marketing materials, determine what items are included or not included.

"Not included in purchase price is Seller's personal property (unless included at lines 12-16) and the following:" Write what is not included there.

Exclude any Fixtures to be retained by Seller or that are rented (e.g., water softeners or other water treatment systems, LP tanks, etc.) on lines 20-23 or at lines 570-590 or in an addendum per lines 591-598.

This Offer is binding upon both Parties only if a copy of the accepted Offer is delivered to Buyer on or before the blank you fill in. Seller may keep the Property on the market and accept secondary offers after binding acceptance of this Offer.

This Offer may be withdrawn prior to delivery of the accepted Offer.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.

Enter the date after "This transaction is to be closed on"; closing is at the place selected by Seller, unless otherwise agreed by the Parties in writing. If the date for closing falls on Saturday, Sunday, or a federal or a state holiday, the closing date shall be the next Business Day.

To reduce the risk of wire transfer fraud, any wiring instructions received should be independently verified by phone or in person with the title company, financial institution, or entity directing the transfer.

Earnest money of $ accompanies this Offer, or earnest money of $ will be mailed, or commercially, electronically or personally delivered within days ("5" if left blank) after acceptance.

All earnest money shall be delivered to and held by (listing Firm) (drafting Firm) (other identified as) STRIKE THOSE NOT APPLICABLE (listing Firm if none chosen; if no listing Firm, then drafting Firm; if no Firm then Seller).

"Time is of the Essence" applies as to: (1) earnest money payment(s); (2) binding acceptance; (3) occupancy; (4) date of closing; (5) contingency Deadlines STRIKE AS APPLICABLE and all other dates and Deadlines in this Offer except: the dates or Deadlines you enter after "except:".

This Offer is contingent upon a Wisconsin registered or Wisconsin licensed home inspector performing a home inspection of the Property after the date on line 1 of this Offer that discloses no Defects.

This contingency shall be deemed satisfied unless Buyer, within the days entered ("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).

Seller (shall) (shall not) STRIKE ONE ("shall" if neither is stricken) have the right to cure the Defects.

If line 248 is not marked or is marked N/A lines 296-307 apply.

This Offer is contingent upon Buyer being able to obtain a written [loan type or specific lender, if any] first mortgage loan commitment, within the days entered after acceptance of this Offer.

The financing selected shall be in an amount of not less than the $ entered for a term of not less than the years entered, amortized over not less than the years entered (line 250).

Check and complete the applicable financing provision at line 264 or 265.

If this Offer is not contingent on financing commitment, within the days entered ("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; or (2) the documentation Buyer specifies.

This Offer is contingent upon Buyer or Buyer's lender having the Property appraised at Buyer's expense by a Wisconsin licensed or certified independent appraiser who issues an appraisal report dated subsequent to the date stated on line 1 of this Offer, indicating an appraised value for the Property equal to or greater than the agreed upon purchase price.

This contingency shall be deemed satisfied unless Buyer, within the days entered after acceptance, delivers to Seller a copy of the appraisal report indicating an appraised value less than the agreed upon purchase price, and a written notice objecting to the appraised value.

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 602-617.

Sign on Buyer's Signature, add the Date and Print Name Here for each Buyer.

Seller accepts this offer by signing at Seller's Signature, with the Date and Print Name Here: the warranties, representations and covenants made in this Offer survive closing and the conveyance of the Property.

Seller shall pay all costs of providing title evidence to Buyer. Buyer shall pay the costs of providing the title evidence required by Buyer's lender (line 399) and recording the deed or other conveyance. Seller, at Seller's cost, shall complete and execute the documents necessary to record the conveyance and pay the Wisconsin Real Estate Transfer Fee.