Real estate purchase and sale agreements, which control the terms of real estate transactions, are often complex and difficult to understand. Many terms contained in standard forms are not beneficial. Before you sign a real estate agreement, ask an attorney to look it over to ensure that it protects your interests. A residential real estate attorney can analyze the circumstances surrounding your transaction and will help you choose the best course of action to purchase a home for your individual situation.
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Home Ownership Resource Links
U.S. Department of Housing and Urban Development
The U.S. Department of Housing and Urban Development Web site offers information from the federal agency that creates national policy and programs addressing America's housing needs. Especially relevant are the HUD Selling a Home (http://www.hud.gov/selling/index.cfm), HUD Buying a Home (http://www.hud.gov/buying/index.cfm) and HUD Home Improvement programs (http://www.hud.gov/improvements/index.cfm) resources.
Freddie Mac
Freddie Mac is a stockholder-owned corporation chartered by Congress to keep money flowing to mortgage lenders to support homeownership. This site contains information on the purchase and sale process, homeownership, credit, moving, remodelling, and refinancing.
National Association of REALTORS®
This page provides numerous tools for homebuyers, including ten steps to help a person buy a home.
National Association of Home Inspectors, Inc.
This consumer information page includes a referral service, a brochure, the inspectors' standard of practice and ethics, and other helpful information regarding home inspectors.
ABA Practical Law Buying or Selling a Home
This American Bar Association Practical Law Web site provides information about closings.
Yahoo! Seller Library
This Yahoo! library provides resources for real estate sellers.
Yahoo! Buying Library
This Yahoo! library provides resources for real estate buyers.
Kiplinger
This Kiplinger Web site contains information about buying and selling a home, including a Home Buyer's survival kit (http://www.kiplinger.com/basics/archives/2003/03/buyingstart.html).
IRS Publication 523
This IRS publication contains information regarding the tax consequences of selling a home.
Role of the Attorney in Residential Real Estate Transactions
This article is the result of a project of the Residential Real Estate Committee of the Real Property Council of the Real Estate Section of the Minnesota State Bar Association. This site addresses answers to the questions most often asked by the public about the role of the attorney in residential real estate transaction.
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