Understanding the Wisconsin Real Estate Condition Report (RECR)

When buying a home in Wisconsin, you’ll likely encounter the Real Estate Condition Report (RECR). This document, completed by the seller, provides valuable insights into the property’s condition.

The RECR covers various aspects of the property, including:

• Structural Components:
  • Foundation: Cracks, leaks, settling
  • Roof: Leaks, missing shingles, age
  • Walls: Cracks, bowing, water damage
  • Windows: Broken seals, drafts, operational issues
  • Doors: Difficulty opening/closing, damage
• Exterior:
  • Siding: Missing pieces, rot, damage
  • Landscaping: Drainage issues, retaining wall problems
  • Driveway: Cracks, potholes
  • Patios/Decks: Rot, loose railings, structural concerns
• Interior:
  • Floors: Squeaky, uneven, water damage
  • Ceilings: Stains, cracks, sagging
  • Walls: Cracks, holes, moisture
  • Stairs: Loose railings, worn steps
• Systems:
  • Electrical: Faulty wiring, outdated panel, insufficient outlets
  • Plumbing: Leaks, low water pressure, old pipes
  • Heating: Malfunctioning furnace, uneven heating
  • Cooling: Inefficient AC, inadequate cooling
  • Appliances: Broken dishwasher, faulty oven
• Environmental:
  • Well: Contamination, low yield
  • Septic System: Malfunctioning, nearing capacity
  • Radon: Elevated levels
  • Lead-Based Paint: Presence in older homes

Why It Matters

The RECR helps buyers:

• Prioritize viewings: Focus on properties that align with your needs and budget.
• Ask informed questions: Identify areas to discuss with your realtor or inspector.
• Negotiate: Use any undisclosed defects as leverage for repairs or price adjustments.
• Make informed decisions: Gain a better understanding of the property’s condition before making an offer.

Exemptions

Some sellers are exempt from providing a RECR, including:

• Transfers by fiduciaries (if they haven’t occupied the property)
• Uninhabited new construction homes

Using the RECR

Carefully review the RECR, paying close attention to any “yes” answers or comments. Ask your Nested Advisor for clarification if needed. Remember, the RECR is a starting point. We always advise getting a professional home inspection to minimize risk in a home purchase.

Using the RECR

Carefully review the RECR, paying attention to any “yes” answers or comments. Ask your Nested Advisor for clarification if needed.

About the Author

Rhommer

Former Technology Executive turned Entreprenuer/Realtor. I aspire to have my remaining days be filled with things that are meaningful and important. This includes helping our clients center their lives in a home that is a fit for their life changes.

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