The Form That Comes With The House
Wis. Stat. 709.02 — the condition report within 10 days, and 2 business days to rescind
In Wisconsin, the owner furnishes the prospective buyer a completed real estate condition report not later than 10 days after acceptance of the contract of sale or option contract. A report is complete only if every item is answered.
| The situation | The buyer may rescind in writing |
|---|---|
| The situationNo report within the 10 days | The buyer may rescind in writingWithin 2 business days after the end of that period |
| The situationA report after the offer that discloses a defect | The buyer may rescind in writingWithin 2 business days after receiving it |
| The situationAn incomplete report, or one wrongly marking an item not applicable | The buyer may rescind in writingWithin 2 business days after receiving it |
No rescission for what the buyer knew. A buyer who received a complete report before making the offer, or who knew of the defect when the offer was made, may not rescind on that basis. Rescission is the only remedy under the chapter.
Waiver. A buyer may waive the right to rescind in writing, and proceeding to closing ends it.
Fraud and misrepresentation claims outside the disclosure law are not on this page. Whether a particular defect had to be disclosed, and what a buyer or seller can recover, are questions for a licensed Wisconsin attorney.
Sources for this section (3)
- Wis. Stat. 709.02 — Disclosure
- Wis. Stat. 709.05 — Right to rescind
- Wis. Stat. 709.08 — Waiver
Legal information, not legal advice. Verified as of September 2026. Applying it to a particular situation is the work of a licensed Wisconsin attorney.