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Guide to Real Estate for Sellers and Buyers

Real Estate Handbook

This handbook is for Sellers and Buyers of real estate and covers from the contract through the closing. Selected State Specific information is provided. Download your copy today! A Premium USLF Product!!! Click the state name below for your state's guide. See also, Real Estate Contracts & Forms.

Real Estate Handbook FAQ

What is the USLF Real Estate Handbook? Our Handbook is a concise and informative summary of procedures and guidelines to make your home selling or purchasing experience as smooth and profitable as possible. Where appropriate, specific state law provisions are included for your state. The Handbook covers discusses considerations important to the sale or purchase of property from the moment you begin thinking of selling or buying, whether or not you need a real estate agent, preparing the property for sale and the house-hunting process, to financing, the contract, inspections and closing. Through increasing your knowledge of the very specialized "game" of real estate sales, our Handbook can lower your stress, raise your profits, and is the smartest first step you can take. Arm yourself with knowledge from the experts, and avoid stressful and costly surprises.

Is the Handbook more useful to buyers or sellers? Our Handbook is meant to help Buyers and Sellers become familiar with the various procedures involved in the process of buying or selling a home, and has been written as an overview especially for individuals who are not using a real estate agent. Some sections of the Handbook may be more useful to Buyers, and some to Sellers, while some sections will be informative to both. We suggest that you read the entire Handbook from start to finish. Whether you are selling or buying, it will benefit you to know as much as possible about the entire situation and all involved parties.

Fianacing and mortgages make you uneasy? Financing and mortgages are discussed in detail, including all of the various sources of financing available to you. If you're uncertain now, you'll feel 100% more comfortable with the subject after reading our detailed, yet concise, explanations. Because most homes cost more than the amount of cash the ordinary person has available, the typical Buyer will have to borrow money in order to afford a house. A mortgage is a loan obtained for the purpose of purchasing real estate. If you qualify for a loan, the lender will lend you money that you repay over many years (normally 15 or 30 years), with interest. In addition, you agree that if you cannot make the payments, the lender has the right to "foreclose the mortgage," take possession of and sell your house in order to repay themselves for the loan you are unable to pay back. The "mortgage" itself is a legal claim on the real estate that secures the promise to pay the debt.

How much is your home worth/ how much should you pay? Our Handbook is full of cogent discussion and practical tips on important questions such as pricing. How much is your house worth? The answer can be found in what similar houses are selling for in your neighborhood. Local real estate agencies are good sources of information on local housing market prices. Call an agency and ask for a Comparative Market Analysis, a document listing recent sale prices for homes in your area.

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