Real Estate Testing Contingencies You Might Want to Include in Wisconsin Standard Offer to Purchase

Attorney Thomas B. Burton discusses several testing contingencies you should consider adding to your Offer to Purchase that are not included in the Wisconsin Standard Offer to Purchase.


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Transcript of Video: Real Estate Testing Contingencies You Might Want to Include in Wisconsin Standard Offer to Purchase

Today's topic is for home buyers

specifically testing of the property

before you close on the purchase I want

to talk about the standard offer to

purchase WB Form 11 published by

Wisconsin Realtors Association used by

a vast majority of realtors in this state

that form allows for inspection but no

testing other than carbon monoxide

I suggest you consider other things you

may have a sensitivity to and include

contingencies for testing for these such

as mold asbestos or radon gas are three

common things you might want to include

testing in your offer to purchase many

people have mold allergies and mold can

be very expensive to clean up from a

house so consider adding a testing

contingency for mold

in addition radon gas can typically be

mitigated I've heard systems can cost

eight to twelve hundred dollars or more

but be aware this would be an additional

class so it would be good to have the

testing done so you know what you're

getting into before you close on the

purchase now just to clarify testing is

a physical taking of samples and you can

also have the home inspection which is a

visual inspection so consider in your

offer to purchase adding in mold

asbestos and radon gas testing when you

make that offer so that you can know

up front what you're buying and also

avoid any surprises down the road so

hope this has been helpful and thank you

for watching!


© 2019 Law Office of Thomas B. Burton. All Rights Reserved.

Transcript and captions provided for ease of access for the hearing impaired.

For questions about this topic, or to suggest a topic for a future blog post, please contact my office.

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