Wisconsin STR buyer's checklist

Wisconsin buyers of 1–4 family homes typically use the WRA/state-approved WB-11 Residential Offer to Purchase. Read every contingency and deadline, and put them all on a calendar the day it's accepted.

The offer sets the amount, who holds it, and the deadline. Get a written receipt. A missed deadline can put the deal at risk.

Schedule the whole-house inspection immediately. Many offers only let you object to "defects" above a dollar threshold set in the contract (e.g. a total over a stated amount). Get contractor quotes for big items (roof, HVAC) before the Notice of Defects deadline, or ask in writing for an extension.

If your offer calls for a roof inspection by a roofer, a general inspector's roof section may not satisfy it. Confirm with your agent.

Usually a 48-hour continuous monitor. Book early so results land before the contingency deadline.

Private well: a water test (bacteria/nitrates) is also needed for a Wisconsin TRH license. Septic (POWTS): an inspection and the county permit number. Walworth County requires a POWTS inspection form for some STR licenses.

The lender orders it. Pay the appraisal fee promptly, since delays push back underwriting.

Answer condition requests fast. Initial approval often comes with conditions to clear before clear-to-close.

Confirm the closing date in the contract versus the lender's projected date. Do a final walkthrough, and wire funds only after verifying instructions by phone.

Licenses don't transfer to new owners. Apply for the state DATCP Tourist Rooming House license, then the city or county STR license.

Get the city or town room tax permit and set up monthly or periodic filing. Check what Airbnb/VRBO collect versus what you must file yourself.

Get a policy that covers short-term rental use. Standard homeowners policies often exclude it. Some cities require proof of liability insurance.

Smoke/CO detectors, handrails, posted house rules, garbage service, photos, cleaner, and lockbox or smart lock.