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I've added these real estate trivia questions for your enjoyment. And you might learn something new in the process! Have fun... 
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What is the legal term used to describe the right of the U. S. government to condemn private land for public use?
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Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property.
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What are considered the ideal conditions for a seller's market?
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In a seller's market, prices are firm and good houses are sold before advertised or as soon as they show up in the MLS.
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What is the average age range of a second-home buyer in the United States?
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Currently, second-home buyers in America are most often between 41 and 44 years of age.
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What famous American monument is also the world's heaviest statue?
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The Statue of Liberty, officially named "Liberty Enlightening the World", weighs 54.31 million pounds.
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According to Feng Shui, the art of home placement, what five elements are needed in a harmonious environment?
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Wood, fire, earth, metal and water must be balanced to create a happy, prosperous home.
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Estate Trivia >
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Home Inspections >Serious Inspections
When you are involved in the process of buying a home, it is safe to assume that you will probably find one that you like, make an offer, and purchase it. There are many steps along the way, and more and more buyers in the market today want guarantees. Inspections by structural engineers and environmental specialists often turn up something wrong with the property you want to buy. Many sales have been halted or delayed because asbestos, lead, or radon was found on the property.
If a problem has been found with the property you want to buy, ask yourself two questions:
1) Can the problem be fixed?
2) If so, what will it cost to repair it?
Some of the following problems could keep you from purchasing a property, if:
1) the house rests on a fault line;
2) the water supply is contaminated;
3) there is a severe crack in the foundation;
4) the house is located under electro-magnetic power lines;
5) the house is contaminated with radon gas.
Enlist your real estate agent's help in identifying the existence of any of these problems prior to buying property.
Real Estate Trivia
| Q |
What bizarre post-midnight pageant celebrated the great transformation in Manhattan architecture during the 1920s?
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Beaux-Arts Architects' Ball (January 23, 1931) at the Hotel Astor commemorated the end of the first skyscraper age. |
See More Real Estate Trivia > |
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