Who needs a Form WB-13, Wisconsin Vacant Land Offer to Purchase?
Wisconsin Vacant Land Offer to Purchase form is designed by Wisconsin Association of Realtors to be used as a standard offering document which determines the amount and conditions of the proposal forwarded by a potential buyer to a seller of the land plot. This form should be completed by a buyer or their respective representative.
What is Wisconsin Vacant Land Offer to Purchase for?
Form WB-13 is a standard form of an offer to purchase, which, if accepted by a seller, leads to the conclusion of a contract. This contract differs from the usual contracts of sale of real estate only in the fact that an object of the agreement is undeveloped land. This Offer to Purchase establishes joint rights and obligations of the parties, the amount of a transaction and describes a condition of the land to be sold. The parties, who sign the offer, agree on a possible land inspection by the buyer and determine all the provisions which could lead to rupture of the agreement.
When is Wisconsin Vacant Land Offer to Purchase due?
The time during which the offer is valid is specified in the text of the form. If after this period the seller does not accept the buyer's offer, this offer shall be considered null and void.
How do I fill out Wisconsin Vacant Land Offer to Purchase?
This form explains itself: every item of the proposal is described in detailed comments. In general, you should provide the following information in order to complete this Offer to Purchase:
- Purchase Price;
- Closing conditions;
- Property’s condition;
- The method and form of payment;
Where do I send Wisconsin Vacant Land Offer to Purchase?
Once completed and signed by the buyer, this form should be directed to the seller. The Offer to Purchase must be accepted and signed by the seller in order to complete the title transaction.
