WB-11 RESIDENTIAL OFFER TO PURCHASE
LICENSEE DRAFTING THIS OFFER ON ___________________________________ [DATE] IS (AGENT OF BUYER)
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(AGENT OF SELLER/LISTING FIRM) (AGENT OF BUYER AND SELLER) STRIKE THOSE NOT APPLICABLE
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The Buyer, _______________________________________________________________________________________,
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offers to purchase the Property known as [Street Address] __________________________________________________
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_________________________________________________________________________________________________
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in the ______________________________ of _____________________________________________________, County
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of __________________________________________ Wisconsin (insert additional description, if any, at lines 543-570 or
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in an addendum per line 592), on the following terms:
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PURCHASE PRICE The purchase price is _____________________________________________________________
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________________________________________________________ Dollars ($_______________________________).
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INCLUDED IN PURCHASE PRICE Included in purchase price is the Property, all Fixtures on the Property as of the date
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stated on line 1 of this Offer (unless excluded at lines 20-23), and the following additional items:____________________
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____________________________________________________________________________________________________
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____________________________________________________________________________________________________
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____________________________________________________________________________________________________
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____________________________________________________________________________________________________.
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NOTE: The terms of this Offer, not the listing contract or marketing materials, determine what items are included
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or not included.
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NOT INCLUDED IN PURCHASE PRICE Not included in purchase price is Seller’s personal property (unless included at
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lines 12-16) and the following: ________________________________________________________________________
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____________________________________________________________________________________________________
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____________________________________________________________________________________________________
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___________________________________________________________________________________________________.
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CAUTION: Identify Fixtures that are on the Property (see lines 26-36) to be excluded by Seller or that are rented
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(e.g., water softeners or other water treatment systems, LP tanks, etc.) and will continue to be owned by the lessor.
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“Fixture” is defined as an item of property which is physically attached to or so closely associated with land, buildings or
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improvements so as to be treated as part of the real estate, including, without limitation, physically attached items not easily
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removable without damage to the premises, items specifically adapted to the premises and items customarily treated as
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fixtures, including, but not limited to, all: garden bulbs; plants; shrubs and trees; screen and storm doors and windows;
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electric lighting fixtures; window shades; curtain and traverse rods; blinds and shutters; central heating and cooling units
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and attached equipment; water heaters, water softeners and treatment systems; sump pumps; attached or fitted floor
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coverings; awnings; attached antennas and satellite dishes (but not the component parts); audio/visual wall mounting
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brackets (but not the audio/visual equipment); garage door openers and remote controls; installed security systems; central
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vacuum systems and accessories; in-ground sprinkler systems and component parts; built-in appliances; ceiling fans;
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fences; in-ground pet containment systems including receiver components; storage buildings on permanent foundations
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and docks/piers on permanent foundations.
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CAUTION: Exclude any Fixtures to be retained by Seller or that are rented (e.g., water softeners or other water
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treatment systems, LP tanks, etc.) on lines 20-23 or at lines 543-570 or in an addendum per line 592).
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BINDING ACCEPTANCE This Offer is binding upon both Parties only if a copy of the accepted Offer is delivered to Buyer
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on or before ______________________________________________________________________. Seller may keep the
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Property on the market and accept secondary offers after binding acceptance of this Offer.
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CAUTION: This Offer may be withdrawn prior to delivery of the accepted Offer.
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ACCEPTANCE Acceptance occurs when all Buyers and Sellers have signed one copy of the Offer, or separate but identical
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copies of the Offer.
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CAUTION: Deadlines in the Offer are commonly calculated from acceptance. Consider whether short term
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Deadlines running from acceptance provide adequate time for both binding acceptance and performance.
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CLOSING This transaction is to be closed on ____________________________________________________________
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________________________________________________________________________ at the place selected by Seller,
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unless otherwise agreed by the Parties in writing. If the date for closing falls on Saturday, Sunday, or a federal or a state
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holiday, the closing date shall be the next Business Day.
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CAUTION: To reduce the risk of wire transfer fraud, any wiring instructions received should be independently
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verified by phone or in person with the title company, financial institution, or entity directing the transfer. The real
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estate licensees in this transaction are not responsible for the transmission or forwarding of any wiring or money
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transfer instructions.
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Approved by the Wisconsin Real Estate Examining Board Page 1 of 11, WB-11
10-1-23 (Optional Use Date) 1-1-24 (Mandatory Use Date)
EARNEST MONEY
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■ EARNEST MONEY of $ ______________________________________ accompanies this Offer.
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If the Offer was drafted by a licensee, receipt of the earnest money accompanying this Offer is acknowledged.
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■ EARNEST MONEY of $ ______________________________________ will be mailed, or commercially, electronically
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or personally delivered within ________ days (“5” if left blank) after acceptance.
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All earnest money shall be delivered to and held by (listing Firm) (drafting Firm) (other identified as ____________________
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__________________________________________________________________) STRIKE THOSE NOT APPLICABLE
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(listing Firm if none chosen; if no listing Firm, then drafting Firm; if no Firm then Seller).
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CAUTION: If a Firm does not hold earnest money, an escrow agreement should be drafted by the Parties or an
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attorney as lines 67-87 do not apply. If someone other than Buyer pays earnest money, consider a special
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disbursement agreement.
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■ THE BALANCE OF PURCHASE PRICE will be paid in cash or equivalent at closing unless otherwise agreed in writing.
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■ DISBURSEMENT IF EARNEST MONEY HELD BY A FIRM: If negotiations do not result in an accepted offer and the
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earnest money is held by a Firm, the earnest money shall be promptly disbursed (after clearance from payer's depository
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institution if earnest money is paid by check) to the person(s) who paid the earnest money. At closing, earnest money shall
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be disbursed according to the closing statement. If this Offer does not close, the earnest money shall be disbursed according
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to a written disbursement agreement signed by all Parties to this Offer. If said disbursement agreement has not been
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delivered to the Firm holding the earnest money within 60 days after the date set for closing, that Firm may disburse the
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earnest money: (1) as directed by an attorney who has reviewed the transaction and does not represent Buyer or Seller;
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(2) into a court hearing a lawsuit involving the earnest money and all Parties to this Offer; (3) as directed by court order; (4)
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upon authorization granted within this Offer; or (5) any other disbursement required or allowed by law. The Firm may retain
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legal services to direct disbursement per (1) or to file an interpleader action per (2) and the Firm may deduct from the
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earnest money any costs and reasonable attorneys’ fees, not to exceed $250, prior to disbursement.
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■ LEGAL RIGHTS/ACTION: The Firm’s disbursement of earnest money does not determine the legal rights of the Parties
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in relation to this Offer. Buyer's or Seller's legal right to earnest money cannot be determined by the Firm holding the earnest
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money. At least 30 days prior to disbursement per (1), (4) or (5) above, where the Firm has knowledge that either Party
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disagrees with the disbursement, the Firm shall send Buyer and Seller written notice of the intent to disburse by certified
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mail. If Buyer or Seller disagrees with the Firm’s proposed disbursement, a lawsuit may be filed to obtain a court order
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regarding disbursement. Small Claims Court has jurisdiction over all earnest money disputes arising out of the sale of
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residential property with one-to-four dwelling units. Buyer and Seller should consider consulting attorneys regarding their
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legal rights under this Offer in case of a dispute. Both Parties agree to hold the Firm harmless from any liability for good
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faith disbursement of earnest money in accordance with this Offer or applicable Department of Safety and Professional
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Services regulations concerning earnest money. See Wis. Admin. Code Ch. REEB 18.
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TIME IS OF THE ESSENCE “Time is of the Essence” as to: (1) earnest money payment(s); (2) binding acceptance; (3)
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occupancy; (4) date of closing; (5) contingency Deadlines STRIKE AS APPLICABLE and all other dates and Deadlines in
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this Offer except: ___________________________________________________________________________________
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___________________________________________________. If “Time is of the Essence” applies to a date or Deadline,
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failure to perform by the exact date or Deadline is a breach of contract. If "Time is of the Essence" does not apply to a date
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or Deadline, then performance within a reasonable time of the date or Deadline is allowed before a breach occurs.
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REAL ESTATE CONDITION REPORT Wisconsin law requires owners of property that includes one-to-four dwelling units
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to provide Buyers with a Real Estate Condition Report. Excluded from this requirement are sales of property that has never
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been inhabited, sales exempt from the real estate transfer fee, and sales by certain court-appointed fiduciaries, (for example,
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personal representatives who have never occupied the Property). The form of the Report is found in Wis. Stat. § 709.03.
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The law provides: "§ 709.02 Disclosure . . . the owner of the property shall furnish, not later than 10 days after acceptance
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of the contract of sale . . ., to the prospective Buyer of the property a completed copy of the report . . . A prospective Buyer
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who does not receive a report within the 10 days may, within two business days after the end of that 10-day period, rescind
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the contract of sale . . . by delivering a written notice of rescission to the owner or the owner's agent." Buyer may also have
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certain rescission rights if a Real Estate Condition Report disclosing defects is furnished before expiration of the 10 days,
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but after the Offer is submitted to Seller. Buyer should review the report form or consult with an attorney for additional
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information regarding rescission rights.
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PROPERTY CONDITION REPRESENTATIONS Seller represents to Buyer that as of the date of acceptance Seller has
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no notice or knowledge of Conditions Affecting the Property or Transaction (lines 112-177) other than those identified in
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Seller's Real Estate Condition Report dated ______________________, which was received by Buyer prior to Buyer signing
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this Offer and which is made a part of this Offer by reference COMPLETE DATE OR STRIKE AS APPLICABLE and
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_____________________________________________________________________________________________
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_________________________________________________________________________________________________
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_____________________________ INSERT CONDITIONS NOT ALREADY INCLUDED IN THE CONDITION REPORT
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“Conditions Affecting the Property or Transaction” are defined to include:
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a. Defects in the roof, basement or foundation (including cracks, seepage and bulges), electrical system, or part of the
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plumbing system (including the water heater, water softener and swimming pool); or basement, window, or plumbing leaks;
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Property Address: _____________________________________________________________________________________________________ Page 2 of 11, WB-11
overflow from sinks, bathtubs, or sewers; or other water or moisture intrusions or conditions.
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b. Defects in heating and air conditioning system (including the air filters and humidifiers); in a wood burning stove or
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fireplace; or caused by a fire in a stove or fireplace or elsewhere on the Property.
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c. Defects related to smoke detectors or carbon monoxide detectors, or a violation of applicable state or local smoke
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detector or carbon monoxide detector laws.
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d. Defects in any structure, or mechanical equipment included as Fixtures or personal property.
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e. Rented items located on the Property such as a water softener or other water conditioner system.
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f. Defects caused by unsafe concentrations of, or unsafe conditions on the Property relating to radon, radium in water
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supplies, lead in paint, soil or water supplies, unsafe levels of mold, asbestos or asbestos-containing materials or other
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potentially hazardous or toxic substances on the Property; manufacture of methamphetamine or other hazardous or toxic
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substances on the Property; or high voltage electric (100 KV or greater) or steel natural gas transmission lines located on
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but not directly serving the Property.
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NOTE: Specific federal lead paint disclosure requirements must be complied with in the sale of most residential
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properties built before 1978.
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g. Defects caused by unsafe concentrations of, unsafe conditions relating to, or the storage of, hazardous or toxic
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substances on neighboring properties.
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h. The Property is served by a joint well; Defects related to a joint well serving the Property; or Defects in a well on the
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Property or in a well that serves the Property, including unsafe well water.
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i. A septic system or other private sanitary disposal system serves the Property; Defects in the septic system or other
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sanitary disposal system on the Property; or any out−of−service septic system serving the Property not closed or abandoned
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according to applicable regulations.
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j. Underground or aboveground fuel storage tanks on or previously located on the Property; or Defects in the underground
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or aboveground fuel storage tanks on or previously located on the Property. (The owner, by law, may have to register the
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tanks with the Department of Agriculture, Trade and Consumer Protection at P.O. Box 8911, Madison, Wisconsin, 53708,
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whether the tanks are in use or not. Department regulations may require closure or removal of unused tanks.)
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k. “LP” tank on the Property (specify in the additional information whether the tank is owned or leased); or Defects in an
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“LP” tank on the Property.
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l. Notice of property tax increases, other than normal annual increases, or pending Property reassessment; remodeling
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that may increase the Property's assessed value; pending special assessments; or Property is within a special purpose
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district, such as a drainage district, that has authority to impose assessments.
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m. Proposed construction of a public project that may affect use of the Property; Property additions or remodeling affecting
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Property structure or mechanical systems during Seller’s ownership without required permits; or any land division involving
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the Property without required state or local permits.
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n. The Property is part of or subject to a subdivision homeowners’ association; or the Property is not a condominium unit
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and there are common areas associated with the Property that are co−owned with others.
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o. Any zoning code violations with respect to the Property; the Property or any portion thereof is located in a floodplain,
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wetland or shoreland zoning area; or the Property is subject to a shoreland mitigation plan required by Wisconsin
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Department of Natural Resources (DNR) rules that obligates the Property owner to establish or maintain certain measures
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related to shoreland conditions, enforceable by the county.
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p. Nonconforming uses of the Property; conservation easements, restrictive covenants or deed restrictions on the
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Property; or, other than public rights of way, nonowners having rights to use part of the Property, including, but not limited
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to, private rights−of−way and easements other than recorded utility easements.
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q. All or part of the Property has been assessed as agricultural land; has been assessed a use−value assessment
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conversion charge; or payment of a use−value assessment conversion charge has been deferred.
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r. All or part of the Property is subject to, enrolled in, or in violation of a farmland preservation agreement, Forest Crop
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Law, Managed Forest Law, the Conservation Reserve Program, or a comparable program.
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s. A dam is totally or partially located on the Property; or an ownership interest in a dam not located on the Property will
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be transferred with the Property because the dam is owned by a homeowners’ association, lake district, or similar group of
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which the Property owner is a member.
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t. No legal access to the Property; or boundary or lot line disputes, encroachments or encumbrances (including a joint
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driveway) affecting the Property.
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u. Federal, state, or local regulations requiring repairs, alterations or corrections of an existing condition; or any insurance
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claims relating to damage to the Property within the last five years.
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v. A pier attached to the Property not in compliance with state or local pier regulations; a written agreement affecting
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riparian rights related to the Property; or the bed of the abutting navigable waterway is owned by a hydroelectric operator.
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w. Current or previous termite, powder-post beetle or carpenter ant infestations or Defects caused by animal, reptile, or
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other insect infestations.
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x. Structure on the Property designated as an historic building; all or any part of the Property in an historic district; or one
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or more burial sites on the Property.
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y. Agreements binding subsequent owners such as a lease agreement or extension of credit from an electric cooperative.
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z. Owner is a foreign person as defined in the Foreign Investment in Real Property Tax Act in 26 IRC § 1445(f).
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Property Address: _____________________________________________________________________________________________________ Page 3 of 11, WB-11
aa. Other Defects affecting the Property, including, without limitation, drainage easement or grading problems; or
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excessive sliding, settling, earth movement or upheavals.
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INSPECTIONS AND TESTING Buyer may only conduct inspections or tests if specific contingencies are included as a
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part of this Offer. An “inspection” is defined as an observation of the Property, which does not include an appraisal or testing
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of the Property, other than testing for leaking carbon monoxide, or testing for leaking LP gas or natural gas used as a fuel
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source, which are hereby authorized. A “test” is defined as the taking of samples of materials such as soils, water, air or
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building materials from the Property for laboratory or other analysis of these materials. Seller agrees to allow Buyer’s
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inspectors, testers and appraisers reasonable access to the Property upon advance notice, if necessary, to satisfy the
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contingencies in this Offer. Buyer or licensees or both may be present at all inspections and testing. Except as otherwise
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provided, Seller’s authorization for inspections does not authorize Buyer to conduct testing of the Property.
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NOTE: Any contingency authorizing testing should specify the areas of the Property to be tested, the purpose of
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the test (e.g., to determine if environmental contamination is present), any limitations on Buyer's testing and any
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other material terms of the contingency.
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Buyer agrees to promptly restore the Property to its original condition after Buyer’s inspections and testing are completed
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unless otherwise agreed to with Seller. Buyer agrees to promptly provide copies of all inspection and testing reports to
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Seller. Seller acknowledges that certain inspections or tests may detect environmental pollution which may be required to
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be reported to the Wisconsin Department of Natural Resources.
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INSPECTION CONTINGENCY: This contingency only authorizes inspections, not testing (see lines 178-192).
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(1) This Offer is contingent upon a Wisconsin registered or Wisconsin licensed home inspector performing a home inspection
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of the Property after the date on line 1 of this Offer that discloses no Defects.
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(2) This Offer is further contingent upon a qualified independent inspector or independent qualified third party performing an
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inspection of ____________________________________________________________________________________
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_____________________________________________________________________ (list any Property component(s)
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to be separately inspected, e.g., swimming pool, roof, foundation, chimney, etc.) which discloses no Defects.
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(3) Buyer may have follow-up inspections recommended in a written report resulting from an authorized inspection, provided
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they occur prior to the Deadline specified at line 206. Inspection(s) shall be performed by a qualified independent
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inspector or independent qualified third party.
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Buyer shall order the inspection(s) and be responsible for all costs of inspection(s).
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CAUTION: Buyer should provide sufficient time for the home inspection and/or any specialized inspection(s), as
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well as any follow-up inspection(s).
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This contingency shall be deemed satisfied unless Buyer, within ________ days (“15” if left blank) after acceptance, delivers
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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
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Defect(s) identified in those report(s) to which Buyer objects (Notice of Defects).
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CAUTION: A proposed amendment is not a Notice of Defects and will not satisfy this notice requirement.
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For the purposes of this contingency, Defects do not include structural, mechanical or other conditions the nature and extent
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of which Buyer had actual knowledge or written notice before signing this Offer.
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NOTE: “Defect” as defined on lines 445-447 means a condition that would have a significant adverse effect on the
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value of the Property; that would significantly impair the health or safety of future occupants of the Property; or
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that if not repaired, removed or replaced would significantly shorten or adversely affect the expected normal life
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of the premises.
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■ RIGHT TO CURE: Seller (shall)(shall not) STRIKE ONE (“shall” if neither is stricken) have the right to cure the Defects.
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If Seller has the right to cure, Seller may satisfy this contingency by:
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(1) delivering written notice to Buyer within ________ (“10” if left blank) days after Buyer's delivery of the Notice of Defects
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stating Seller’s election to cure Defects;
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(2) curing the Defects in a good and workmanlike manner; and
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(3) delivering to Buyer a written report detailing the work done no later than three days prior to closing.
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This Offer shall be null and void if Buyer makes timely delivery of the Notice of Defects and written inspection report(s) and:
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(1) Seller does not have the right to cure; or
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(2) Seller has the right to cure but:
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(a) Seller delivers written notice that Seller will not cure; or
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(b) Seller does not timely deliver the written notice of election to cure.
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RADON TESTING CONTINGENCY: This Offer is contingent upon Buyer obtaining a current written report of the
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results of a radon test at the Property performed by a qualified third party in a manner consistent with applicable
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Environmental Protection Agency (EPA) and Wisconsin Department of Health Services (DHS) protocols and standards
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indicating an EPA average radon level of less than 4.0 picoCuries per liter (pCi/L), at (Buyer's) (Seller's) STRIKE ONE
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(“Buyer’s” if neither is stricken) expense.
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This contingency shall be deemed satisfied unless Buyer, within _________ days (“20” if left blank) after acceptance delivers
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to Seller a written copy of the radon test results indicating a radon level of 4.0 pCi or higher and written notice objecting to
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the radon level in the report.
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Property Address: __________________________________________________________________________________________________ Page 4 of 11, WB-11
Property Address: ______________________________________________________________________________________________________ Page 5 of 11, WB-11
■ RIGHT TO CURE: Seller (shall)(shall not) STRIKE ONE (“shall” if neither is stricken) have the right to cure.
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If Seller has the right to cure, Seller may satisfy this contingency by:
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(1) delivering a written notice of Seller's election to cure within 10 days after delivery of Buyer's notice; and,
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(2) installing a radon mitigation system in conformance with EPA standards in a good and workmanlike manner and by
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giving Buyer a report of the work done and a post remediation test report indicating a radon level of less than 4.0 pCi/L
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no later than three days prior to closing.
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This Offer shall be null and void if Buyer timely delivers the above written notice and report to Seller and:
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(1) Seller does not have the right to cure; or
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(2) Seller has the right to cure but:
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(a) Seller delivers written notice that Seller will not cure; or
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(b) Seller does not timely deliver the notice of election to cure.
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NOTE: For radon information refer to the EPA at epa.gov/radon or the DHS at dhs.wisconsin.gov/radon.
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IF LINE 248 IS NOT MARKED OR IS MARKED N/A LINES 296-307 APPLY.
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FINANCING COMMITMENT CONTINGENCY: This Offer is contingent upon Buyer being able to obtain a written
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______________________________ [loan type or specific lender, if any] first mortgage loan commitment as described
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below, within ________ days after acceptance of this Offer. The financing selected shall be in an amount of not less than $
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_____________________ for a term of not less than ________ years, amortized over not less than ________ years. Initial
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monthly payments of principal and interest shall not exceed $ ________________. Buyer acknowledges that lender’s
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required monthly payments may also include 1/12th of the estimated net annual real estate taxes, hazard insurance
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premiums, and private mortgage insurance premiums. The mortgage shall not include a prepayment premium. Buyer agrees
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to pay discount points in an amount not to exceed ________% (“0” if left blank) of the loan. If Buyer is using multiple loan
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sources or obtaining a construction loan or land contract financing, describe at lines 543-570 or in an addendum attached
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per line 592. Buyer agrees to pay all customary loan and closing costs, wire fees, and loan origination fees, to promptly
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apply for a mortgage loan, and to provide evidence of application promptly upon request of Seller. Seller agrees to allow
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lender’s appraiser access to the Property.
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■ LOAN AMOUNT ADJUSTMENT: If the purchase price under this Offer is modified, any financed amount, unless otherwise
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provided, shall be adjusted to the same percentage of the purchase price as in this contingency and the monthly payments
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shall be adjusted as necessary to maintain the term and amortization stated above.
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CHECK AND COMPLETE APPLICABLE FINANCING PROVISION AT LINE 264 or 265.
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FIXED RATE FINANCING: The annual rate of interest shall not exceed ________%.
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ADJUSTABLE RATE FINANCING: The initial interest rate shall not exceed ________%. The initial interest rate
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shall be fixed for ________ months, at which time the interest rate may be increased not more than ________% (“2” if
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left blank) at the first adjustment and by not more than ________% (“1” if left blank) at each subsequent adjustment.
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The maximum interest rate during the mortgage term shall not exceed the initial interest rate plus ________% (“6” if
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left blank). Monthly payments of principal and interest may be adjusted to reflect interest changes.
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■ SATISFACTION OF FINANCING COMMITMENT CONTINGENCY: If Buyer qualifies for the loan described in this Offer
270
or another loan acceptable to Buyer, Buyer agrees to deliver to Seller a copy of a written loan commitment.
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This contingency shall be satisfied if, after Buyer’s review, Buyer delivers to Seller a copy of a written loan commitment
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(even if subject to conditions) that is:
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(1) signed by Buyer; or
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(2) accompanied by Buyer’s written direction for delivery.
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Delivery of a loan commitment by Buyer’s lender or delivery accompanied by a notice of unacceptability shall not satisfy
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this contingency.
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CAUTION: The delivered loan commitment may contain conditions Buyer must yet satisfy to obligate the lender to
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provide the loan. Buyer understands delivery of a loan commitment removes the Financing Commitment
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Contingency from the Offer and shifts the risk to Buyer if the loan is not funded.
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■ SELLER TERMINATION RIGHTS: If Buyer does not deliver a loan commitment on or before the Deadline on line 250.
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Seller may terminate this Offer if Seller delivers a written notice of termination to Buyer prior to Seller’s Actual Receipt of
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written loan commitment from Buyer.
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■ FINANCING COMMITMENT UNAVAILABILITY: If a financing commitment is not available on the terms stated in this
284
Offer (and Buyer has not already delivered an acceptable loan commitment for other financing to Seller), Buyer shall
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promptly deliver written notice to Seller of same including copies of lender(s)' rejection letter(s) or other evidence of
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unavailability.
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SELLER FINANCING: Seller shall have 10 days after the earlier of:
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(1) Buyer delivery of written notice of evidence of unavailability as noted in lines 284-287; or
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(2) the Deadline for delivery of the loan commitment set on line 250
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to deliver to Buyer written notice of Seller's decision to finance this transaction with a note and mortgage under the same
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terms set forth in this Offer, and this Offer shall remain in full force and effect, with the time for closing extended accordingly.
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If Seller's notice is not timely given, the option for Seller to provide financing shall be considered waived. Buyer agrees to
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cooperate with and authorizes Seller to obtain any credit information reasonably appropriate to determine Buyer's credit
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worthiness for Seller financing.
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IF THIS OFFER IS NOT CONTINGENT ON FINANCING COMMITMENT Within ________ days (“7” if left blank) after
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acceptance, Buyer shall deliver to Seller either:
297
(1) reasonable written verification from a financial institution or third party in control of Buyer’s funds that Buyer has, at
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the time of verification, sufficient funds to close; or
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(2) ____________________________________________________________________________________________
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_____________________________________________ [Specify documentation Buyer agrees to deliver to Seller].
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If such written verification or documentation is not delivered, Seller has the right to terminate this Offer by delivering written
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notice to Buyer prior to Seller’s Actual Receipt of a copy of Buyer’s written verification. Buyer may or may not obtain
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mortgage financing but does not need the protection of a financing commitment contingency. Seller agrees to allow Buyer’s
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appraiser access to the Property for purposes of an appraisal. Buyer understands and agrees that this Offer is not subject
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to the appraisal meeting any particular value, unless this Offer is subject to an appraisal contingency, nor does the right of
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access for an appraisal constitute a financing commitment contingency.
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APPRAISAL CONTINGENCY: This Offer is contingent upon Buyer or Buyer’s lender having the Property appraised
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at Buyer’s expense by a Wisconsin licensed or certified independent appraiser who issues an appraisal report dated
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subsequent to the date stated on line 1 of this Offer, indicating an appraised value for the Property equal to or greater than
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the agreed upon purchase price.
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This contingency shall be deemed satisfied unless Buyer, within ________ days after acceptance, delivers to Seller a copy
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of the appraisal report indicating an appraised value less than the agreed upon purchase price, and a written notice objecting
313
to the appraised value.
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■ RIGHT TO CURE: Seller (shall) (shall not) STRIKE ONE (“shall” if neither is stricken) have the right to cure.
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If Seller has the right to cure, Seller may satisfy this contingency by delivering written notice to Buyer adjusting the purchase
316
price to the value shown on the appraisal report within ________ days (“5” if left blank) after Buyer’s delivery of the appraisal
317
report and the notice objecting to the appraised value. Seller and Buyer agree to promptly execute an amendment initiated
318
by either Party after delivery of Seller’s notice, solely to reflect the adjusted purchase price.
319
This Offer shall be null and void if Buyer makes timely delivery of the notice objecting to appraised value and the written
320
appraisal report and:
321
(1) Seller does not have the right to cure; or
322
(2) Seller has the right to cure but:
323
(a) Seller delivers written notice that Seller will not adjust the purchase price; or
324
(b) Seller does not timely deliver the written notice adjusting the purchase price to the value shown on the appraisal
325
report.
326
NOTE: An executed FHA, VA or USDA Amendatory clause may supersede this contingency.
327
CLOSING OF BUYER'S PROPERTY CONTINGENCY: This Offer is contingent upon the closing of the sale of
328
Buyer’s property located at ___________________________________________________________________________
329
no later than ___________________________________ (the Deadline). If closing does not occur by the Deadline, this
330
Offer shall become null and void unless Buyer delivers to Seller, on or before the Deadline, reasonable written verification
331
from a financial institution or third party in control of Buyer's funds that Buyer has, at the time of verification, sufficient funds
332
to close or proof of bridge loan financing, along with a written notice waiving this contingency. Delivery of verification or
333
proof of bridge loan shall not extend the closing date for this Offer.
334
BUMP CLAUSE: If Seller accepts a bona fide secondary offer, Seller may give written notice to Buyer that another
335
offer has been accepted. If Buyer does not deliver to Seller the documentation listed below within ________hours (“72” if
336
left blank) after Buyer's Actual Receipt of said notice, this Offer shall be null and void. Buyer must deliver the following:
337
(1) Written waiver of the Closing of Buyer's Property Contingency if line 328 is marked;
338
(2) Written waiver of ______________________________________________________________________________
339
_____________________________________________________________ (name other contingencies, if any); and
340
(3) Any of the following checked below:
341
Proof of bridge loan financing.
342
Proof of ability to close from a financial institution or third party in control of Buyer’s funds which shall provide
343
Seller with reasonable written verification that Buyer has, at the time of verification, sufficient funds to close.
344
Other:________________________________________________________________________________________
345
_____________________________________________________________________________________________
346
[insert other requirements, if any (e.g., payment of additional earnest money, etc.)]
347
SECONDARY OFFER: This Offer is secondary to a prior accepted offer. This Offer shall become primary upon
348
delivery of written notice to Buyer that this Offer is primary. Unless otherwise provided, Seller is not obligated to give Buyer
349
notice prior to any Deadline, nor is any particular secondary buyer given the right to be made primary ahead of other
350
secondary buyers. Buyer may declare this Offer null and void by delivering written notice of withdrawal to Seller prior to
351
delivery of Seller's notice that this Offer is primary. Buyer may not deliver notice of withdrawal earlier than ______ days (“7”
352
if left blank) after acceptance of this Offer. All other Offer Deadlines that run from acceptance shall run from the time this
353
Offer becomes primary.
354
HOMEOWNERS ASSOCIATION If this Property is subject to a homeowners association, Buyer is aware the Property may
355
be subject to periodic association fees after closing and one-time fees resulting from transfer of the Property. Any one-time
356
Property Address: _______________________________________________________________________________________________________ Page 6 of 11, WB-11
Property Address: _______________________________________________________________________________________________________ Page 7 of 11, WB-11
fees resulting from transfer of the Property shall be paid at closing by (Seller) (Buyer) STRIKE ONE (“Buyer” if neither is
357
stricken).
358
CLOSING PRORATIONS The following items, if applicable, shall be prorated at closing, based upon date of closing values:
359
real estate taxes, rents, prepaid insurance (if assumed), private and municipal charges, property owners or homeowners
360
association assessments, fuel and _____________________________________________________________________
361
________________________________________________________________________________________________.
362
CAUTION: Provide basis for utility charges, fuel or other prorations if date of closing value will not be used.
363
Any income, taxes or expenses shall accrue to Seller, and be prorated at closing, through the day prior to closing.
364
Real estate taxes shall be prorated at closing based on CHECK BOX FOR APPLICABLE PRORATION FORMULA:
365
The net general real estate taxes for the preceding year, or the current year if available (Net general real estate
366
taxes are defined as general property taxes after state tax credits and lottery credits are deducted). NOTE: THIS CHOICE
367
APPLIES IF NO BOX IS CHECKED.
368
Current assessment times current mill rate (current means as of the date of closing).
369
Sale price, multiplied by the municipality area-wide percent of fair market value used by the assessor in the prior
370
year, or current year if known, multiplied by current mill rate (current means as of the date of closing).
371
________________________________________________________________________________________.
372
CAUTION: Buyer is informed that the actual real estate taxes for the year of closing and subsequent years may be
373
substantially different than the amount used for proration especially in transactions involving new construction,
374
extensive rehabilitation, remodeling or area-wide re-assessment. Buyer is encouraged to contact the local
375
assessor regarding possible tax changes.
376
Buyer and Seller agree to re-prorate the real estate taxes, through the day prior to closing based upon the taxes on
377
the actual tax bill for the year of closing, with Buyer and Seller each owing his or her pro-rata share. Buyer shall, within 5
378
days of receipt, forward a copy of the bill to the forwarding address Seller agrees to provide at closing. The Parties shall
379
re-prorate within 30 days of Buyer’s receipt of the actual tax bill. Buyer and Seller agree this is a post-closing obligation
380
and is the responsibility of the Parties to complete, not the responsibility of the real estate Firms in this transaction.
381
TITLE EVIDENCE
382
■ CONVEYANCE OF TITLE: Upon payment of the purchase price, Seller shall convey the Property by warranty deed
383
(trustee’s deed if Seller is a trust, personal representative’s deed if Seller is an estate or other conveyance as
384
provided herein), free and clear of all liens and encumbrances, except: municipal and zoning ordinances and agreements
385
entered under them, recorded easements for the distribution of utility and municipal services, recorded building and use
386
restrictions and covenants, present uses of the Property in violation of the foregoing disclosed in Seller’s Real Estate
387
Condition Report and in this Offer, general taxes levied in the year of closing and __________________________________
388
_________________________________________________________________________________________________
389
_______________________________________________________ (insert other allowable exceptions from title, if any)
390
that constitutes merchantable title for purposes of this transaction. Seller, at Seller’s cost, shall complete and execute the
391
documents necessary to record the conveyance and pay the Wisconsin Real Estate Transfer Fee.
392
WARNING: Municipal and zoning ordinances, recorded building and use restrictions, covenants and easements
393
may prohibit certain improvements or uses and therefore should be reviewed, particularly if Buyer contemplates
394
making improvements to Property or a use other than the current use.
395
■ TITLE EVIDENCE: Seller shall give evidence of title in the form of an owner's policy of title insurance in the amount of
396
the purchase price on a current ALTA form issued by an insurer licensed to write title insurance in Wisconsin. Seller shall
397
pay all costs of providing title evidence to Buyer. Buyer shall pay the costs of providing the title evidence required by Buyer’s
398
lender and recording the deed or other conveyance.
399
■ GAP ENDORSEMENT: Seller shall provide a “gap” endorsement or equivalent gap coverage at (Seller’s)(Buyer’s)
400
STRIKE ONE (“Seller’s” if neither stricken) cost to provide coverage for any liens or encumbrances first filed or recorded
401
after the commitment date of the title insurance commitment and before the deed is recorded, subject to the title insurance
402
policy conditions, exclusions and exceptions, provided the title company will issue the coverage. If a gap endorsement or
403
equivalent gap coverage is not available, Buyer may give written notice that title is not acceptable for closing (see lines 410-
404
415).
405
■ DELIVERY OF MERCHANTABLE TITLE: The required title insurance commitment shall be delivered to Buyer's attorney
406
or Buyer not less than 5 business days before closing, showing title to the Property as of a date no more than 15 days
407
before delivery of such title evidence to be merchantable per lines 383-391, subject only to liens that will be paid out of the
408
proceeds of closing and standard title insurance requirements and exceptions.
409
■ TITLE NOT ACCEPTABLE FOR CLOSING: If title is not acceptable for closing, Buyer shall notify Seller in writing of
410
objections to title by the time set for closing. Seller shall have a reasonable time, but not exceeding 15 days, to remove the
411
objections, and the time for closing shall be extended as necessary for this purpose. If Seller is unable to remove said
412
objections, Buyer shall have five days from receipt of notice thereof, to deliver written notice waiving the objections, and the
413
time for closing shall be extended accordingly. If Buyer does not waive the objections, this Offer shall be null and void.
414
Providing title evidence acceptable for closing does not extinguish Seller's obligations to give merchantable title to Buyer.
415
■ SPECIAL ASSESSMENTS/OTHER EXPENSES: Special assessments, if any, levied or for work actually commenced
416
prior to the date stated on line 1 of this Offer shall be paid by Seller no later than closing. All other special assessments
417
Property Address: _______________________________________________________________________________________________________ Page 8 of 11, WB-11
shall be paid by Buyer. “Levied” means the local municipal governing body has adopted and published a final resolution
418
describing the planned improvements and the assessment of benefits.
419
CAUTION: Consider a special agreement if area assessments, property owners association assessments, special
420
charges for current services under Wis. Stat. § 66.0627 or other expenses are contemplated. “Other expenses” are
421
one-time charges or ongoing use fees for public improvements (other than those resulting in special assessments)
422
relating to curb, gutter, street, sidewalk, municipal water, sanitary and storm water and storm sewer (including all
423
sewer mains and hook-up/connection and interceptor charges), parks, street lighting and street trees, and impact
424
fees for other public facilities, as defined in Wis. Stat. § 66.0617(1)(f).
425
LEASED PROPERTY If Property is currently leased and lease(s) extend beyond closing, Seller shall assign Seller's rights
426
under said lease(s) and transfer all security deposits and prepaid rents thereunder to Buyer at closing. The terms of the
427
(written) (oral) STRIKE ONE lease(s), if any, are __________________________________________________________
428
________________________________________________________________________________________________
429
___________________________. Insert additional terms, if any, at lines 543-570 or attach as an addendum per line 592.
430
DEFINITIONS
431
■ ACTUAL RECEIPT: “Actual Receipt” means that a Party, not the Party’s recipient for delivery, if any, has the document
432
or written notice physically in the Party’s possession, regardless of the method of delivery. If the document or written notice
433
is electronically delivered, Actual Receipt shall occur when the Party opens the electronic transmission.
434
■ BUSINESS DAY: “Business Day” means a calendar day other than Saturday, Sunday, any legal public holiday under
435
Wisconsin or Federal law, and any other day designated by the President such that the postal service does not receive
436
registered mail or make regular deliveries on that day.
437
■ DEADLINES: “Deadlines” expressed as a number of “days” from an event, such as acceptance, are calculated by
438
excluding the day the event occurred and by counting subsequent calendar days. The Deadline expires at Midnight on the
439
last day. Additionally, Deadlines expressed as a specific number of Business Days are calculated in the same manner
440
except that only Business Days are counted while other days are excluded. Deadlines expressed as a specific number of
441
“hours” from the occurrence of an event, such as receipt of a notice, are calculated from the exact time of the event, and by
442
counting 24 hours per calendar day. Deadlines expressed as a specific day of the calendar year or as the day of a specific
443
event, such as closing, expire at Midnight of that day. “Midnight” is defined as 11:59 p.m. Central Time.
444
■ DEFECT: “Defect” means a condition that would have a significant adverse effect on the value of the Property; that would
445
significantly impair the health or safety of future occupants of the Property; or that if not repaired, removed or replaced would
446
significantly shorten or adversely affect the expected normal life of the premises.
447
■ FIRM: “Firm” means a licensed sole proprietor broker or a licensed broker business entity.
448
■ PARTY: “Party” means the Buyer or the Seller; “Parties” refers to both Buyer and Seller.
449
■ PROPERTY: Unless otherwise stated, “Property” means the real estate described at lines 4-8.
450
INCLUSION OF OPTIONAL PROVISIONS Terms of this Offer that are preceded by an OPEN BOX ( ) are part of
451
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.
452
PROPERTY DIMENSIONS AND SURVEYS Buyer acknowledges that any land, building or room dimensions, or total
453
acreage or building square footage figures, provided to Buyer by Seller or by a Firm or its agents, may be approximate
454
because of rounding, formulas used or other reasons, unless verified by survey or other means.
455
CAUTION: Buyer should verify total square footage formula, total square footage/acreage figures, and land,
456
building or room dimensions, if material.
457
DISTRIBUTION OF INFORMATION Buyer and Seller authorize the agents of Buyer and Seller to: (i) distribute copies of
458
the Offer to Buyer's lender, appraisers, title insurance companies and any other settlement service providers for the
459
transaction as defined by the Real Estate Settlement Procedures Act (RESPA); (ii) report sales and financing concession
460
data to multiple listing service sold databases; (iii) provide active listing, pending sale, closed sale and financing concession
461
information and data, and related information regarding seller contributions, incentives or assistance, and third party gifts,
462
to appraisers researching comparable sales, market conditions and listings, upon inquiry; and (iv) distribute copies of this
463
Offer to the seller, or seller’s agent, of another property that Seller intends on purchasing.
464
MAINTENANCE Seller shall maintain the Property and all personal property included in the purchase price until the earlier
465
of closing or Buyer’s occupancy, in materially the same condition it was in as of the date on line 1 of this Offer, except for
466
ordinary wear and tear and changes agreed upon by Parties.
467
PROPERTY DAMAGE BETWEEN ACCEPTANCE AND CLOSING If, prior to closing, the Property is damaged in an
468
amount not more than five percent of the purchase price, other than normal wear and tear, Seller shall promptly notify Buyer
469
in writing, and will be obligated to restore the Property to materially the same condition it was in as of the date on line 1 of
470
this Offer. Seller shall provide Buyer with copies of all required permits and lien waivers for the lienable repairs no later than
471
closing. If the amount of damage exceeds five percent of the purchase price, Seller shall promptly notify Buyer in writing of
472
the damage and this Offer may be terminated at option of Buyer. Should Buyer elect to carry out this Offer despite such
473
damage, Buyer shall be entitled to the insurance proceeds, if any, relating to the damage to the Property, plus a credit
474
towards the purchase price equal to the amount of Seller's deductible on such policy, if any. However, if this sale is financed
475
by a land contract or a mortgage to Seller, any insurance proceeds shall be held in trust for the sole purpose of restoring
476
the Property.
477
BUYER’S PRE-CLOSING WALK-THROUGH Within three days prior to closing, at a reasonable time pre-approved by
478
Seller or Seller's agent, Buyer shall have the right to walk through the Property to determine that there has been no
479
significant change in the condition of the Property, except for ordinary wear and tear and changes agreed upon by Parties,
480
and that any defects Seller has agreed to cure have been repaired in the manner agreed to by the Parties.
481
OCCUPANCY Occupancy of the entire Property shall be given to Buyer at time of closing unless otherwise provided in
482
this Offer at lines 543-570 or in an addendum attached per line 592, or lines 426-430 if the Property is leased. At time of
483
Buyer's occupancy, Property shall be in broom swept condition and free of all debris, refuse, and personal property except
484
for personal property belonging to current tenants, or sold to Buyer or left with Buyer's consent. Occupancy shall be given
485
subject to tenant's rights, if any.
486
DEFAULT Seller and Buyer each have the legal duty to use good faith and due diligence in completing the terms and
487
conditions of this Offer. A material failure to perform any obligation under this Offer is a default that may subject the defaulting
488
party to liability for damages or other legal remedies.
489
If Buyer defaults, Seller may:
490
(1) sue for specific performance and request the earnest money as partial payment of the purchase price; or
491
(2) terminate the Offer and have the option to: (a) request the earnest money as liquidated damages; or (b) sue for actual
492
damages.
493
If Seller defaults, Buyer may:
494
(1) sue for specific performance; or
495
(2) terminate the Offer and request the return of the earnest money, sue for actual damages, or both.
496
In addition, the Parties may seek any other remedies available in law or equity. The Parties understand that the availability
497
of any judicial remedy will depend upon the circumstances of the situation and the discretion of the courts. If either Party
498
defaults, the Parties may renegotiate the Offer or seek nonjudicial dispute resolution instead of the remedies outlined above.
499
By agreeing to binding arbitration, the Parties may lose the right to litigate in a court of law those disputes covered by the
500
arbitration agreement.
501
NOTE: IF ACCEPTED, THIS OFFER CAN CREATE A LEGALLY ENFORCEABLE CONTRACT. BOTH PARTIES
502
SHOULD READ THIS DOCUMENT CAREFULLY. THE FIRM AND ITS AGENTS MAY PROVIDE A GENERAL
503
EXPLANATION OF THE PROVISIONS OF THE OFFER BUT ARE PROHIBITED BY LAW FROM GIVING ADVICE OR
504
OPINIONS CONCERNING YOUR LEGAL RIGHTS UNDER THIS OFFER OR HOW TITLE SHOULD BE TAKEN AT
505
CLOSING. AN ATTORNEY SHOULD BE CONSULTED IF LEGAL ADVICE IS NEEDED.
506
ENTIRE CONTRACT This Offer, including any amendments to it, contains the entire agreement of the Buyer and Seller
507
regarding the transaction. All prior negotiations and discussions have been merged into this Offer. This agreement binds
508
and inures to the benefit of the Parties to this Offer and their successors in interest.
509
NOTICE ABOUT SEX OFFENDER REGISTRY You may obtain information about the sex offender registry and persons
510
registered with the registry by contacting the Wisconsin Department of Corrections on the Internet at http://www.doc.wi.gov
511
or by telephone at (608) 240-5830.
512
FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT (FIRPTA) Section 1445 of the Internal Revenue Code (IRC)
513
provides that a transferee (Buyer) of a United States real property interest must pay or withhold as a tax up to 15% of the
514
total “Amount Realized” in the sale if the transferor (Seller) is a “Foreign Person” and no exception from FIRPTA withholding
515
applies. A “Foreign Person” is a nonresident alien individual, foreign corporation, foreign partnership, foreign trust, or foreign
516
estate. The “Amount Realized” is the sum of the cash paid, the fair market value of other property transferred, and the
517
amount of any liability assumed by Buyer.
518
CAUTION: Under this law if Seller is a Foreign Person, and Buyer does not pay or withhold the tax amount, Buyer
519
may be held directly liable by the U.S. Internal Revenue Service for the unpaid tax and a tax lien may be placed
520
upon the Property.
521
Seller hereby represents that Seller is a non-Foreign Person, unless (1) Seller represents Seller is a Foreign Person in a
522
condition report incorporated in this Offer per lines 105-108, or (2) no later than 10 days after acceptance, Seller delivers
523
notice to Buyer that Seller is a Foreign Person, in which cases the provisions on lines 530-532 apply.
524
IF SELLER IS A NON-FOREIGN PERSON. Seller shall, no later than closing, execute and deliver to Buyer, or a qualified
525
substitute (attorney or title company as stated in IRC § 1445), a sworn certification under penalties of perjury of Seller’s
526
non-foreign status in accordance with IRC § 1445. If Seller fails to timely deliver certification of Seller’s non-foreign status,
527
Buyer shall: (1) withhold the amount required to be withheld pursuant to IRC § 1445; or, (2) declare Seller in default of this
528
Offer and proceed under lines 494-501.
529
IF SELLER IS A FOREIGN PERSON. If Seller has represented that Seller is a Foreign Person, Buyer shall withhold the
530
amount required to be withheld pursuant to IRC § 1445 at closing unless the Parties have amended this Offer regarding
531
amounts to be withheld, any withholding exemption to be applied, or other resolution of this provision.
532
COMPLIANCE WITH FIRPTA. Buyer and Seller shall complete, execute, and deliver, on or before closing, any instrument,
533
affidavit, or statement needed to comply with FIRPTA, including withholding forms. If withholding is required under IRC §
534
1445, and the net proceeds due Seller are not sufficient to satisfy the withholding required in this transaction, Seller shall
535
Property Address: ______________________________________________________________________________________________________ Page 9 of 11, WB-11
Property Address: _______________________________________________________________________________________________________ Page 10 of 11, WB-11
deliver to Buyer, at closing, the additional funds necessary to satisfy the applicable withholding requirement. Seller also
536
shall pay to Buyer an amount not to exceed $1,000 for actual costs associated with the filing and administration of forms,
537
affidavits, and certificates necessary for FIRPTA withholding and any withholding agent fees.
538
Any representations made by Seller with respect to FIRPTA shall survive the closing and delivery of the deed.
539
Firms, Agents, and Title Companies are not responsible for determining FIRPTA status or whether any FIRPTA exemption
540
applies. The Parties are advised to consult with their respective independent legal counsel and tax advisors regarding
541
FIRPTA.
542
ADDITIONAL PROVISIONS/CONTINGENCIES _________________________________________________________
543
_________________________________________________________________________________________________
544
_________________________________________________________________________________________________
545
_________________________________________________________________________________________________
546
_________________________________________________________________________________________________
547
_________________________________________________________________________________________________
548
_________________________________________________________________________________________________
549
_________________________________________________________________________________________________
550
_________________________________________________________________________________________________
551
_________________________________________________________________________________________________
552
_________________________________________________________________________________________________
553
_________________________________________________________________________________________________
554
_________________________________________________________________________________________________
555
_________________________________________________________________________________________________
556
_________________________________________________________________________________________________
557
_________________________________________________________________________________________________
558
_________________________________________________________________________________________________
559
_________________________________________________________________________________________________
560
_________________________________________________________________________________________________
561
_________________________________________________________________________________________________
562
_________________________________________________________________________________________________
563
_________________________________________________________________________________________________
564
_________________________________________________________________________________________________
565
_________________________________________________________________________________________________
566
_________________________________________________________________________________________________
567
_________________________________________________________________________________________________
568
_________________________________________________________________________________________________
569
_________________________________________________________________________________________________
570
DELIVERY OF DOCUMENTS AND WRITTEN NOTICES Unless otherwise stated in this Offer, delivery of documents and
571
written notices to a Party shall be effective only when accomplished by one of the authorized methods specified at lines
572
574-589.
573
(1) Personal: giving the document or written notice personally to the Party, or the Party's recipient for delivery if named at
574
line 576 or 577.
575
Name of Seller's recipient for delivery, if any:_____________________________________________________________
576
Name of Buyer's recipient for delivery, if any: ____________________________________________________________
577
(2) Fax: fax transmission of the document or written notice to the following number:
578
Seller: (________) _____________________________ Buyer: (_________) _________________________________
579
(3) Commercial: depositing the document or written notice, fees prepaid or charged to an account, with a
580
commercial delivery service, addressed either to the Party, or to the Party's recipient for delivery, for delivery to the Party's
581
address at line 585 or 586.
582
(4) U.S. Mail: depositing the document or written notice, postage prepaid, in the U.S. Mail, addressed either to the
583
Party, or to the Party's recipient for delivery, for delivery to the Party's address.
584
Address for Seller: _______________________________________________________________________________
585
Address for Buyer: ________________________________________________________________________________
586
(5) Email: electronically transmitting the document or written notice to the email address.
587
Email Address for Seller: ____________________________________________________________________________
588
Email Address for Buyer: ____________________________________________________________________________
589
PERSONAL DELIVERY/ACTUAL RECEIPT Personal delivery to, or Actual Receipt by, any named Buyer or Seller
590
constitutes personal delivery to, or Actual Receipt by, all Buyers or Sellers.
591
ADDENDA: The attached _______________________________________________ is/are made part of this Offer.
592
This Offer was drafted by [Licensee and Firm] __________________________________________________________
593
Property Address: ______________________________________________________________________________________________________ Page 11 of 11, WB-11
594
595
596
597
598
599
600
601
602
603
604
605
(x) _____________________________________________________________________________________________
606
Buyer’s Signature▲ Print Name Here► Date▲
607
(x) _____________________________________________________________________________________________
608
Buyer’s Signature▲ Print Name Here► Date▲
609
SELLER ACCEPTS THIS OFFER. THE WARRANTIES, REPRESENTATIONS AND COVENANTS MADE IN THIS
610
OFFER SURVIVE CLOSING AND THE CONVEYANCE OF THE PROPERTY. SELLER AGREES TO CONVEY THE
611
PROPERTY ON THE TERMS AND CONDITIONS AS SET FORTH HEREIN AND ACKNOWLEDGES RECEIPT OF A
612
COPY OF THIS OFFER.
613
(x) _____________________________________________________________________________________________
614
Seller’s Signature▲ Print Name Here► Date▲
615
(x) _____________________________________________________________________________________________
616
Seller’s Signature▲ Print Name Here► Date▲
617
This Offer was presented to Seller by [Licensee and Firm] __________________________________________________
618
_______________________________________________on __________________________ at _________ a.m./p.m.
619
This Offer is rejected ____________ ______ This Offer is countered [See attached counter] ____________ ______
620
Seller Initials▲ Date▲ Seller Initials▲ Date▲
621
WIRE FRAUD WARNING! Wire Fraud is a real and serious risk. Never trust wiring instructions
sent via email. Funds wired to a fraudulent account are often impossible to recover.
Criminals are hacking emails and sending fake wiring instructions by impersonating a real estate
agent, Firm, lender, title company, attorney or other source connected to your transaction. These
communications are convincing and professional in appearance but are created to steal your
money. The fake wiring instructions may even be mistakenly forwarded to you by a legitimate
source.
DO NOT initiate ANY wire transfer until you confirm wiring instructions IN PERSON or by YOU
calling a verified number of the entity involved in the transfer of funds. Never use contact
information provided by any suspicious communication.
Real estate agents and Firms ARE NOT responsible for the transmission, forwarding, or
verification of any wiring or money transfer instructions.
