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  • Attorney Jason A Greller

Can a Buyer in Wisconsin cancel their Offer to Purchase property?

Canceling a real estate contract in Wisconsin typically involves one of the following options:

  1. Terminating the contract due to a breach of contract by the other party. If the other party does not fulfill their obligations under the contract, you may be able to terminate the contract and walk away from the deal.

  2. Asserting the right to terminate afforded by a contingency included in the contract.

  3. Negotiating a mutually acceptable resolution with the other party. You may be able to work out an agreement with the other party to cancel the contract and move on from the deal.

  4. Exercising your right of rescission if you are a purchasing a condominium and you are within the statutory and contractual time period allowing rescission after receiving the condominium disclosure documents.

  5. Terminating the contract due to a Seller misrepresentation on the Condition Report or listing.

  6. Seeking legal help. If you are unable to resolve the issue through negotiation or by exercising your right of rescission, you may need to seek legal help to cancel the contract. An attorney can advise you on the best course of action based on the specific circumstances of your case.

It is important to note that the process for canceling a real estate contract in Wisconsin may vary depending on the specific terms of the contract and the circumstances of your case. You should consult with an attorney for specific advice about how to cancel a real estate contract in Wisconsin.


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