Get the free REAL ESTATE CONDITION REPORT - V

WISCONSIN REALTORS ASSOCIATION 4801 Forest Run Road Madison, Wisconsin 53704Page 1 of 2REAL ESTATE CONDITION REPORT V1 PROPERTY OWNER: 2 PROPERTY ADDRESS: 3 OWNER HAS OWNED THE PROPERTY FOR 4 5 6

How to fill out real estate condition report

How to Fill Out a Real Estate Condition Report:

1. Start by carefully reviewing the entire real estate condition report form. Make sure you understand each section and the information required.
2. Begin with the property details section. Fill in the address, unit number (if applicable), and any other relevant information.
3. Move on to the section that requests information about the seller or landlord. Include their name, contact details, and any additional information needed.
4. Proceed to the section that involves the buyer or tenant. Clearly state their name, contact information, and any other necessary details.
5. Next, move on to different sections that describe the condition of various aspects of the property, such as structure, foundation, electrical systems, plumbing, HVAC systems, appliances, and any other pertinent areas.
6. Carefully assess the condition of each aspect mentioned and provide accurate and detailed information. Be sure to note any existing damages, defects, or issues observed.
7. Remember to include information about any maintenance or repairs conducted on the property recently. This will help provide a comprehensive overview of its current condition.
8. It is crucial to meticulously document any existing damages, imperfections, or concerns within the report. This should involve describing the nature of the issue, the location, and any pertinent details.
9. If there are any additional sections on the real estate condition report form, complete them thoroughly and accurately.

Who needs a real estate condition report?

1. Buyers: Prospective buyers may request a real estate condition report to evaluate the condition of the property they intend to purchase. It helps them make informed decisions and negotiate any necessary repairs or adjustments.
2. Tenants: Renters may also need a real estate condition report to document the condition of the property they are leasing. This protects them when it comes to security deposit disputes at the end of the lease term.
3. Sellers and Landlords: Providing a real estate condition report can demonstrate transparency and build trust with potential buyers or tenants. It helps sellers and landlords to accurately disclose the condition of the property and ensure both parties are on the same page.

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What is real estate condition report?

A real estate condition report is a document that outlines the current condition of a property, including any defects or issues that may affect its value or safety.

Who is required to file real estate condition report?

In many states, both sellers and real estate agents are required to file a real estate condition report.

How to fill out real estate condition report?

To fill out a real estate condition report, you will need to provide detailed information about the property's condition, including any known issues or defects.

What is the purpose of real estate condition report?

The purpose of a real estate condition report is to provide potential buyers with information about the property's condition so they can make an informed decision about whether to purchase it.

What information must be reported on real estate condition report?

Information that must be reported on a real estate condition report typically includes details about the property's structure, systems, and any known issues or defects.