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Home Sale Contingencies and Bump Clauses: Negotiating Your Wisconsin Home Sale

Thinking of buying or selling a house in Wisconsin? You’ll likely hear about “home sale contingencies” and “bump clauses.” These are contractual tools that can make or break a deal, so understanding them is key to a smooth transaction.


What is a RECR?

an empty room with white walls and wooden floors

Under Wisconsin Statute Section 709.01, sellers of residential real estate containing one to four dwelling units (including condominiums and time-share properties) are required to provide a Real Estate Condition Report (RECR) to prospective buyers. This applies to most residential property transfers, whether the seller is working with a real estate agent or selling the property themselves.