WB-11, Residential Offer to Purchase

What is WB-11 Form?

This form is also known as WB 11 residential offer to purchase. It was created and distributed by the Wisconsin Real Estate Examining Board. If the buyer wants to buy a specific property, he needs to make the first offer and initiate the whole process by filling out the form. This form must be sent to the seller who is a resident of Wisconsin. This document is the starting point before the agreement between the seller and buyer will be made. For now, both parties can use the document to discuss the property and the conditions they can both agree upon. The seller can receive numerous similar propositions. Each potential buyer has to fill a residential offer to purchase. There the buyer can name the price that he is willing to pay.

The seller can check information about the buyer based on the form. This document is a guarantee that protects the possible purchase, listing all the conditions and terms. Based on WB-11 residential offer to purchase buyer and seller can agree to move forward.

What I need the WB-11 Form for?

• The buyer is the most interested person in filling the residential offer to purchase form. You may consider this form as the best way to promote yourself and tell about the guarantees and prices you are ready to offer to the seller. Discuss the rights, responsibilities, and conditions you can propose and expect from both parties;
• The seller needs the document to make sure that the buyer is serious and can agree upon the price the seller wants for the house. There are guarantees of safe purchase as well and the buyer is ready to pay the discussed amount of money in advance.

How to fill out WB-11 Form?

The residential offer to purchase Wisconsin property is not that hard to find. You will see it on the official website of the local Real Estate Examining Board. You will be able to download the form and read the instructions there. If you want to fill it out online, you have to search for a third-party PDF editor like PDFLiner. This software is beneficial since it contains both instructions for the form as well as all the tools you need to complete the document while you are online. Once you complete it, don’t forget to save it on your device. You can also print the document and hand it to the second party if you want or send it via regular mail. If the other party does not mind, send the document online. Here is what you need to include in WB 11 residential offer to purchase form:

1. Include the date you make the offer;
2. Provide the information on the buyer;
3. Put the address of the property you want to buy;
4. Name your purchase price and what you include in it. Write down what you don’t include in the price;
5. Provide the due date to the offer;
6. Sign the real estate condition report that was made and that you agree to it;
7. Specify the condition of the purchase you can offer;
8. Add extra information if you have it;
9. Sign the document and send it to the other party to read and sign.

Organizations that work with WB-11 Form

• Wisconsin Real Estate Examining Board.