Thursday, September 24, 2015

Wisconsin 2015 Real Estate Time Of Sale Requirement

Passage of the 2015 Wisconsin Budget included a Time Of Sale Requirement Provision designed to remove barriers to Real Estate transactions.  The Time Of Sale Requirements Provision prohibits local government departments from requiring inspections, property maintenance, or payment related fees at the time of sale- or title transfer. 

This subtle provision helps eliminate lengthy time delays and significant cost to conducting a real estate transaction in the State of Wisconsin.  This prevents local municipal units from forging retaliatory code of ordinances that result in obstruction of a property sale.  Welcome news for Real Estate Professionals working with property in Wisconsin.

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