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New Construction Transactions in Residential Real Estate 2024

Product ID: CA3604W
Presented By: State Bar of Wisconsin PINNACLE

This program is an excerpt from the Annual Real Estate Update 2023.

Do your homework

From 2022 to 2023, construction on new single-family homes in the U.S. increased by 18%.1 As the demand for newly constructed homes increases, you’re likely to have more clients entering the residential real estate market. But builder contracts sometimes contain traps for the unwary homebuyer, so lawyers must know what to watch out for.

At New Construction Transactions in Residential Real Estate, Anne E. Wal will share insights on common construction contract issues, including:

  • What should be included in the contract sum
  • Who “owns” the plans and specifications
  • Who is responsible for builder’s risk insurance
  • The difference between a warranty and a correction period
  • Contractual provisions related to air quality 
  • Dispute resolution clauses and options
Read More ↓

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Select a Format

Webcast seminar
OnDemand seminar

Pricing

Member $99.00

Non-Member $149.00

Credits

1 CLE

Date and Time

Monday, March 04, 202412:00 PM - 12:50 PM CT

Add to Calendar 3/4/2024 12:00:00 PM 3/4/2024 12:50:00 PM America/Chicago New Construction Transactions in Residential Real Estate 2024

This program is an excerpt from the Annual Real Estate Update 2023.

Do your homework

From 2022 to 2023, construction on new single-family homes in the U.S. increased by 18%.1 As the demand for newly constructed homes increases, you’re likely to have more clients entering the residential real estate market. But builder contracts sometimes contain traps for the unwary homebuyer, so lawyers must know what to watch out for.

At New Construction Transactions in Residential Real Estate, Anne E. Wal will share insights on common construction contract issues, including:

  • What should be included in the contract sum
  • Who “owns” the plans and specifications
  • Who is responsible for builder’s risk insurance
  • The difference between a warranty and a correction period
  • Contractual provisions related to air quality 
  • Dispute resolution clauses and options
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This program is an excerpt from the Annual Real Estate Update 2023.

Do your homework

From 2022 to 2023, construction on new single-family homes in the U.S. increased by 18%.1 As the demand for newly constructed homes increases, you’re likely to have more clients entering the residential real estate market. But builder contracts sometimes contain traps for the unwary homebuyer, so lawyers must know what to watch out for.

At New Construction Transactions in Residential Real Estate, Anne E. Wal will share insights on common construction contract issues, including:

  • What should be included in the contract sum
  • Who “owns” the plans and specifications
  • Who is responsible for builder’s risk insurance
  • The difference between a warranty and a correction period
  • Contractual provisions related to air quality 
  • Dispute resolution clauses and options
Read More ↓

Anne E. Wal is a shareholder in the Real Estate, Construction, Banking, Bankruptcy and Business Restructuring Sections at von Brisen & Roper, S.C. in Milwaukee. Her practice focuses on real estate transactions and leasing, real estate development, and construction. Anne is an active volunteer in the community for organizations that support women, including the Women’s Resource Center in Racine. Anne has previously done work at the Tenant’s Rights Clinic for Legal Action of Wisconsin and Law Day for the Milwaukee Bar Association. For several years, she was on the Gamma Phi Beta House Corporation Board in Madison. 

Anne also dedicates her services to Milwaukee’s Polish community. She is currently President of Polanki, Incorporated, the Polish women’s cultural club. In 2001, she received a “Women of Influence” award from the Milwaukee Business Journal for her “behind the scenes” volunteer work as food chairperson at Polish Fest, a position she held for five years. In 2009, Anne received an award from the Polish American Congress—Wisconsin Division for her contributions to the Polish Community. She is also a member of Polish Heritage Alliance, Inc. and Polonia Sport Club. 

  • Offer sound guidance to clients on new construction transactions
  • Know what should be included in the contract for newly constructed homes
  • Understand how to calculate the contract sum
  • Manage client risk when it comes to insurance, warranties, correction periods, and air quality 
  • Review available dispute resolution options between builders and home buyers 
  • Hear real examples that illustrate contractual issues in new construction 
  • Real estate lawyers
  • Title and closing lawyers
  • Landlord-tenant lawyers
  • General practitioners
  • Real estate agents and brokers
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