Real estate purchase contracts usually include promises and provisions guaranteeing the condition of a property. Many states require sellers to disclose explicit information about the condition of a property. In states where this is necessary and where a seller intentionally conceals such information, they can be prosecuted for fraud. Reality: In accordance with line 378 of the WB-11 Wisconsin Residential Offer to Purchase Contract, serious money will be distributed in accordance with the payment agreement that the buyer and seller will sign if this offer is not concluded. A contract for the purchase and sale of residential properties in Wisconsin is used to define the terms of sale and purchase of real estate. The contract describes the residence, the personal effects to be included in the sale (for example.B. Appliances, furniture, curtains), and financial conditions such as the purchase price and payment method mentioned. . . .
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