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land offer purchase sample

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Approved by the Wisconsin Real Estate Examining Board 03-1-11 Optional Use Date 07-1-11 Mandatory Use Date Page 1 of 10 WB-13 WB-13 VACANT LAND OFFER TO PURCHASE LICENSEE DRAFTING THIS OFFER ON DATE IS AGENT OF BUYER AGENT OF SELLER/LISTING BROKER AGENT OF BUYER AND SELLER STRIKE THOSE NOT APPLICABLE GENERAL PROVISIONS The Buyer offers to purchase the Property known as Street Address in the of County of Wisconsin Insert additional description if any at lines 458-464 or 526-534 or attach as...
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Comments and Help with vacant land offer to purchase

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.

Video instructions and help with filling out and completing land offer purchase sample
Instructions and Help about wb 13 form
Hello and welcome to legal update live for April of 2011 my name is Tracy Rucka and I'm the director of professional standards and practices here at the Wisconsin Realtors Association and with me today we have Debbie Conrad our senior attorney and director of legal affairs so today Deb what are we going to talk about in our legal update OAC today the legal update is about the WB 13 vacant land offer to purchase and the majority of changes that were made and all the basic offer provisions that we had in the residential offer and the condominium offer were also made in the vacant land offer Aras Tracy likes to put it ditto so today we're going to talk about some of the new and unique features to the vacant land offer to purchase and the first one I'd like to mention is the new government programs contingency in this provision the seller is to develop deliver excuse me a list of all the conservation environmental governmental land use programs but the property is subject to as well as a list of any fees that are pending or deferred the buyer then we'll have five business days to either terminate the offer to purchase or in the absence of that to continue on if the buyer does continue on they are agreeing however that they are going to reimburse the seller should there be any penalties or fines as a result of a seller as a result of the buyer not continuing on in some of those programs another new provision is the managed forest land provision we have this included because there's been some recent changes to the managed forest land program and one of those changes says that it's mandatory for the seller to give a required disclosure with 10 within 10 days of acceptance but this is included here in the vacant land offers so that if that box is checked then the seller has accomplished the required mandatory disclosure if for any reason that gets missed the WRA also does have a separate form that can be used for this purpose that's available unzip form Tracy what did you like about the new offer well I kind of like page 6 and page 6 deals with the proposed use contingency and all kind of subsets of that and it's all put together in one area the buyer puts forth what they want to purchase that property for and then you just go through the list and you check off do they need any kind of pio WTS or septic do they need rezoning do they need whatever kind of contingency that they need their zoning classification confirmation in there and so the nice thing is it's kind of a summary of those primary things that a buyer is going to need to know before they are bound to buy the property the nice thing is all the time lines run together except for one and that's for the land use approval section you'll notice kind of at the bottom of that list if a buyer needs to have something rees owned or get a conditional use permit or need some other action by the municipality that timeline for that part of the contingency is offset to a different date and deadlines...
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