Property Condition Reports have been used for a long time with regard to Wisconsin residential real estate. They are also used in commercial and other real estate transactions, but not because they are required by law, but because they are negotiated between the parties. Now that is all changing with respect to vacant land sales
property condition report
Property Condition Report Problems for Sellers
By Thomas Schober on
Posted in Real Estate
In the recent Wisconsin case of Griswold v Rogich, decided by the Wisconsin Court of Appeals, it was held that a buyer could reasonbly rely upon a Seller’s representation in a Property Condition Report, even after an inspector pointed out that certain problems may exist and that further experts should be called in.Continue Reading Property Condition Report Problems for Sellers