Understanding Seller Disclosure Requirements in Waukesha, WI
Selling a home in Waukesha, WI involves more than just listing the property and finding a buyer. Sellers are required to provide specific disclosures to ensure transparency and compliance with Wisconsin real estate laws. Kallas Real Estate, led by Dan Kallas, a trusted Waukesha Realtor, walks you through everything you need to know about disclosures when selling a home in Waukesha.
Why Are Disclosures Important?
Home sellers are legally obligated to disclose known issues with their property to potential buyers. These disclosures protect buyers from unexpected problems and help sellers avoid future legal disputes.
Failure to provide accurate disclosures could lead to legal consequences, including lawsuits and financial penalties. Working with a knowledgeable Waukesha real estate agent like Dan Kallas ensures compliance and smooth transactions.
Key Disclosures Required in Waukesha, WI
1. Wisconsin Real Estate Condition Report (RECR)
The Real Estate Condition Report (RECR) is a mandatory disclosure in Wisconsin that outlines known defects in a property. Sellers must complete this form honestly and to the best of their knowledge.
Key Sections of the RECR:
- Structural Issues – Foundation, walls, roof, basement leaks.
- Plumbing & Electrical – Known issues with pipes, septic systems, or electrical wiring.
- Heating & Cooling Systems – Malfunctions in HVAC systems.
- Environmental Hazards – Lead paint, radon, asbestos, or mold.
- Property Legalities – Shared driveways, zoning violations, or boundary disputes.
- Water Damage & Pest Infestations – Any past or present issues with water leaks or termites.
Tip: If you’re unsure about a potential defect, consult a licensed home inspector or your Waukesha Realtor before listing the property.
2. Lead-Based Paint Disclosure (for Homes Built Before 1978)
If your home was built before 1978, you must comply with federal lead-based paint disclosure requirements. Sellers must:
- Disclose any known presence of lead-based paint.
- Provide buyers with an EPA-approved lead hazard pamphlet.
- Allow buyers up to 10 days to conduct a lead paint inspection.
3. Radon and Mold Disclosures
Wisconsin does not require mandatory radon or mold disclosures, but sellers must disclose if they are aware of existing issues.
- Buyers often request a radon test before purchase.
- If a home has had mold remediation, this must be disclosed.
4. Well and Septic System Reports
If the home relies on a private well or septic system, sellers must provide:
- A water test report to verify water safety.
- Septic system maintenance records and compliance with local regulations.
5. Homeowners Association (HOA) Disclosures
If the property is part of an HOA, sellers must provide buyers with:
- HOA bylaws, rules, and regulations.
- Monthly dues and any pending assessments.
- HOA financial statements and meeting minutes if requested.
6. Material Defects Not Covered in the RECR
Even if a defect is not specifically listed on the RECR, sellers must disclose any known material defects that could affect the property’s value.
What Happens If a Seller Fails to Disclose?
If a seller intentionally withholds information about a defect, they could face serious consequences, including:
- Legal Action: The buyer can sue for damages or even rescind the sale.
- Financial Penalties: Courts may require the seller to pay for repairs and legal fees.
- Loss of Reputation: Failing to disclose issues can impact future real estate transactions and credibility in the market.
How Team Kallas Ensures a Smooth, Compliant Sale
Navigating disclosure requirements can be overwhelming, but Kallas Real Estate ensures compliance with Wisconsin real estate laws while protecting sellers and buyers alike.
How We Help:
✔ Provide Guidance on Completing the RECR – Ensuring all necessary disclosures are included. ✔ Recommend Pre-Sale Inspections – Helping sellers identify and address potential issues upfront. ✔ Facilitate Smooth Transactions – Handling all paperwork and compliance requirements. ✔ Offer Expert Negotiation Strategies – Addressing buyer concerns while protecting seller interests.
Final Thoughts: Transparency Leads to a Successful Sale
Providing full and honest disclosures is not just a legal obligation—it builds trust with buyers and ensures a smoother closing process. Kallas Real Estate is here to guide you every step of the way.
Thinking of Selling Your Home in Waukesha? Let’s Talk!
If you’re planning to sell your home in Waukesha, WI, Dan Kallas and Kallas Real Estate are here to assist with every step of the process.
📞 Call 414-617-6912 to schedule a consultation today!
