A Wisconsin purchase agreement is a written contract in which a seller agrees to sell and a buyer agrees to buy a specific property for a set price. It records the parties, the property, the price, and the earnest money deposit. Most owners of homes with one to four dwelling units must also give the buyer a real estate condition report.[1.3] Fill out the form online.
Last Updated: October 2026. This guide is reviewed and updated regularly to reflect current Wisconsin law. If you notice an error or outdated information, please contact us.
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A Wisconsin residential purchase and sale agreement is the contract a buyer and seller sign to transfer a home. This Wisconsin real estate purchase agreement form sets the price, the earnest money deposit, the closing date, and the conditions for closing. Both sides should read every line before they sign.
The PDF form is written for residential property. Its numbered sections cover:
In the contingencies section, the buyer checks whether the purchase depends on getting a loan and on selling another property. A contingency is a condition that has to be met before the sale can close.
Write N/A on any line that does not apply. That way no blank line can be read two ways.
The form has a lead-based paint disclosure section. It tells the parties to sign the attached lead-based paint disclosure form if the property was built before 1978. The property disclosure statement section says the seller has completed that statement and attached it.
Federal rules require each contract to sell target housing to include a lead-based paint disclosure attachment (24 C.F.R. § 35.92).[2.1] Target housing means housing built before 1978, except some housing for the elderly or persons with disabilities and 0-bedroom dwellings (24 C.F.R. § 35.86).[2.2]
Buyers and sellers in other states can start from our purchase agreement pages or the fillable real estate purchase agreement hub.
A Wisconsin commercial purchase and sale agreement is the contract for buying commercial real estate, such as an office building, a store, or a warehouse. It sets the price, the earnest money deposit, and the terms both sides accept. The form on this page is written for residential property, so a commercial deal needs terms drafted for that kind of property.
Commercial deals often add terms that a home sale rarely needs. Examples include:
In practice, many parties to a commercial sale have a real estate lawyer review the agreement before they sign. When the sale closes, the seller transfers title with a deed. Some Wisconsin transfers use a Wisconsin quitclaim deed for that step, while others use a different type of deed.
Wisconsin requires an owner who transfers real estate with one to four dwelling units to complete a real estate condition report. This includes a condominium unit or time-share property transferred by sale, exchange, or land contract.[1.3]
State law prescribes the form of the report. It must be in substantially the form the statute shows and must include at least all of the information listed there.[1.3]
The duty to complete the report does not apply to the following transfers:
For a condominium unit, the report covers the unit, the common elements of the condominium, and any limited common elements that only the owner of that unit may use.[1.3]
For a condominium unit, the owner must also furnish an addendum to the report at the same time. The addendum gives the name of the condominium, the unit number, and the amount of current condominium assessments, fees, special assessments or other charges for the unit (Wis. Stat. § 709.02(2)).[1.2]
The PDF form on this page has a property disclosure statement section and a lead-based paint disclosure section. You can complete them together with the agreement.
The Wisconsin real estate condition report is the seller disclosure form that Wis. Stat. § 709.03 sets out. The owner checks yes, no, or not applicable for each question, based on what the owner knows. The questions fall into six groups.[1.3]
If the owner answers yes to any question, the owner explains why in the additional information area. The defects listed after each question are only examples. They are not the only defects the owner may disclose.[1.3]
The form defines a defect as a condition with a significant adverse effect on the value of the property. It also covers a condition that would significantly impair the health or safety of future occupants. A third kind is a condition that, if not repaired, removed, or replaced, would significantly shorten the normal life of the premises.[1.3]
The report is not a warranty by the owner or any agent. It does not replace the inspections or warranties that the parties may want. The owner certifies that the information is true and correct to the best of the owner's knowledge as of the date the owner signs. A person other than the owner who supplied information gives a separate certification.[1.3]
Agents cannot call it. Real estate licensees may not give advice or opinions on whether an item is a defect for the report, or on the legal rights of the parties.[1.3]
The owner must give the buyer a completed real estate condition report not later than 10 days after acceptance of the contract of sale or option contract.[1.2]
An owner may learn something before the buyer accepts the contract that would change an answer on the report. The form note says the owner then submits a complete amended report, or an amendment to the report already completed, to the prospective buyer within 10 days of acceptance.[1.3]
A buyer who does not receive the condition report within the 10 days may rescind the contract of sale or option contract. The buyer does this by delivering a written notice of rescission within 2 business days after the end of the 10-day period. The buyer is then entitled to the return of any deposits or option fees paid in the transaction.[1.2]
The statute puts the right this way.
A prospective buyer who does not receive a report within the 10 days may, within 2 business days after the end of that 10-day period, rescind the contract of sale or option contract by delivering a written notice of rescission to the owner or to the owner's agent and is entitled to the return of any deposits or option fees paid in the transaction.
To use the right, the buyer needs to take these steps:
The window is short. Count the 2 business days with our deadline calculator, and keep proof of the day the notice was delivered.
Before you sign a Wisconsin purchase agreement, check each term against your documents. A careful read helps both the buyer and the seller avoid disputes about the price, the deposit, or the closing date. You can fill in the downloaded PDF with our online PDF editor.
Most problems with a Wisconsin real estate purchase agreement come from missing details. A small gap can lead to a disagreement over who owes what at closing. These are the mistakes buyers and sellers make most often.
If both sides agree to change a term after signing, put the change in a written amendment and have both sides sign it. If a buyer cannot attend the closing, a Wisconsin power of attorney may let a trusted person sign for them. Personal property that changes hands with the home can be recorded with a Wisconsin bill of sale.
Yes, for most home sales. Wisconsin requires an owner who transfers real estate with one to four dwelling units to complete a real estate condition report.[1.3] The owner must furnish the buyer a completed copy not later than 10 days after acceptance of a contract of sale or option contract. A buyer who does not receive it may rescind within 2 business days after the 10 days end.[1.2]
You complete the statutory real estate condition report. It asks about these topics.[1.3]
If you answer yes to a question, you explain why in the additional information area.[1.3]
The form opens with a disclaimer that the report is not a warranty. It defines the words aware, defect, and owner, then asks the questions in six groups. It ends with the owner's certification and a certification by any person who supplied information.[1.3]
General information, not legal or tax advice.
