WI WB-41 Notice Relating to Offer to Purchase 2016 free printable template

Approved by the Wisconsin Real Estate Examining Board 10-1-15 Optional Use Date 1-1-16 Mandatory Use Date WB-41 NOTICE RELATING TO OFFER TO PURCHASE CAUTION Use a WB-41 Notice if a Party is giving a Notice which does not require the other Party s agreement. Use a WB-40 Amendment if both Parties will be agreeing to modify the terms of the Offer. This Notice by Seller Buyer STRIKE ONE relates to the Offer to Purchase dated and accepted for the purchase and sale of real estate at Wisconsin*...

How to fill out WI WB-41 Notice Relating to Offer to Purchase

How to fill out WI WB-41 Notice Relating to Offer to Purchase

1. Download the WI WB-41 form from the Wisconsin Realtors Association website.
2. Fill in the property address at the top of the form.
3. Enter the buyer's name and contact information in the appropriate fields.
4. Specify the seller's name and contact information next.
5. Complete the details of the offer, including the purchase price and any contingencies.
6. Review the terms of the offer, ensuring all necessary disclosures are included.
7. Sign and date the notice at the bottom, ensuring all parties involved do the same.
8. Provide copies of the completed form to all parties involved in the transaction.

Who needs WI WB-41 Notice Relating to Offer to Purchase?

1. Buyers who are submitting an offer to purchase property in Wisconsin.
2. Sellers who need documentation related to offers made on their property.
3. Real estate agents facilitating the transaction on behalf of buyers or sellers.

Instructions and Help about WI WB-41 Notice Relating to Offer to Purchase

Well hello everyone Frank gray with Rabbi Realty back to do a quick tutorial on how to complete the amendment to a contract typically this is referred to as a repair amendment because that's typically what it's used for, but it does have other uses as we will see as we go through the document I am open in a transaction in zip form plus typically when you're putting together a buyer template you will include the amendment as one of the standard documents but just in case you've not done that I'm going to select the documents button then I'm going to go to all forms type in the word amendment select all sources of documents and there you will see we have amendment number one we'll select it closed forms, and now we will find that little amendment right down here at the bottom, so we'll open it up you'll see it's already pre-populated with the property address I'm gonna just blank that out for privacy purposes let me run through this very quickly you would put in the street address and city seller and buyer amend the contract as follows, and then you're going to check the appropriate boxes so if the sale price is changing you'll check this box and then put in the revised sale price and financing amount the second option in addition to any repairs and treatments otherwise required by the contract seller at sellers expense shall complete the following repairs and treatments, so typically you're going to check that, and you're going to start listing the repairs I like to begin this section with a little explanatory note that says as referenced in the attached inspection report, and I've put that in there because typically there is a big description and even photos and the inspection report you don't have room for all of that in this little box so for example the first item might have HVAC system inspected and repaired by qualified technician, and then I'll put in parentheses page 12 or whatever it is in the inspection report that's hardens back to this statement as referenced in, so then they can see exactly what the concern was in regard to the HVAC system then you would just continue with your items here if you needed additional room you could reference at the very bottom continued in a supplementary amendment but if you have reasonable buyers that shouldn't be necessary number three the date and paragraph nine of the contract is changed to that's the closing date so if you're changing that date it will check that box number four the amount in paragraph 12 a one B of the contract has changed to that's where you put in the amount of seller contribution and sometimes buyers will elect to receive a certain amount of money in lieu of repairs you can put that money here by the way you never want to use that phrase in lieu of repairs because it will set off all types of alarm bells at the buyers mortgage company so just put the amount in there without comment number five the cost of Linda required repairs and treatment has itemized in the attached list...

People Also Ask about

What is the WB 41 amendment?

Й REALTOR® Practice Tip An amendment is a proposed change to a contract provision, and it requires the other party's consent to be effective. The WB-41 is used when one party needs to notify another about a contract provision where the other party's agreement is not necessary.

What is a WB 41 notice?

Gives a notice relating to the offer that does not require the other party's agreement.

What is a WB 40 Amendment?

As stated in the caution immediately following the form title, the WB-40 Amendment to Offer to Purchase is used when both parties are agreeing to modify the terms of an accepted offer to purchase.

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What is WI WB-41 Notice Relating to Offer to Purchase?

WI WB-41 Notice Relating to Offer to Purchase is a form used in Wisconsin real estate transactions to outline an offer made by a buyer to purchase a property. It includes details of the offer and is important for formalizing the offer process.

Who is required to file WI WB-41 Notice Relating to Offer to Purchase?

The buyer or the buyer's agent is typically required to file the WI WB-41 Notice Relating to Offer to Purchase to ensure that the offer is documented and communicated to the seller.

How to fill out WI WB-41 Notice Relating to Offer to Purchase?

To fill out the WI WB-41 Notice, include the buyer's and seller's information, property details, sale price, contingencies, and any other relevant terms agreed upon. Be sure to follow the specific instructions provided on the form.

What is the purpose of WI WB-41 Notice Relating to Offer to Purchase?

The purpose of the WI WB-41 Notice is to formally document the buyer's offer to purchase the property and to communicate the terms and conditions of the offer to the seller.

What information must be reported on WI WB-41 Notice Relating to Offer to Purchase?

The WI WB-41 Notice must include information such as the names of the buyer and seller, the property address, the offered purchase price, financing details, any contingencies, and the expiration date of the offer.