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Real Estate Trivia

Welcome > Resources > Trivia ...

Enjoy! 

We've added these real estate trivia questions for your enjoyment. And you might learn something new in the process! Have fun... 


Q 

What is the legal term used to describe the right of the U. S. government to condemn private land for public use?

A  Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property.

Q 

What are considered the ideal conditions for a seller's market?

A  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.

Q 

What is the average age range of a second-home buyer in the United States?

A  Currently, second-home buyers in America are most often between 41 and 44 years of age.

Q 

What famous American monument is also the world's heaviest statue?

A  The Statue of Liberty, officially named "Liberty Enlightening the World", weighs 54.31 million pounds.

Q 

According to Feng Shui, the art of home placement, what five elements are needed in a harmonious environment?

A  Wood, fire, earth, metal and water must be balanced to create a happy, prosperous home.

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Real Estate Tips

Selling Your Home >Real Estate Agent Advantages

How do real estate agents sell homes? When a professional real estate agent is retained to sell a home, the agent will develop a marketing plan that has proven effective for selling homes quickly and for the maximum sale price.

The real estate agent will perform a market analysis, comparing the home with similar homes in your neighborhood that have recently sold. Your agent will evaluate the current real estate market in order to develop a price opinion for your home. The next step will be to make recommendations about preparing your home so that it is presented to its best advantage. A description of the home will be uploaded into the local Multiple Listing Service, and your agent will implement a marketing plan tailored to your home.

By listing your property, you expose it to thousands of real estate agents throughout the region. MLS exposure is one of the most valuable services a real estate agent can provide sellers. Real estate professionals aslo network with other agents in their office when they bring new listings to the market. Does this system work? 85% of the homes sold today use this method. Enough said!

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Real Estate Trivia

Q 
The upper walls of what famous holy temple are lined with gold?

A 
The Golden Temple in Amritsar, India is the most sacred temple and spiritual center of the Sikhs.
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Marilou Buffum, REALTOR®, real estate agent and broker for Chestnut Hill, Mt. Airy and Northwest Philadelphia, Pennsylvania home listings, property and land for sale - NUMBER1EXPERT

Marilou Buffum
Prudential Fox & Roach

97 Bethlehem Pike
Philadelphia, PA 19118-2820
215-248-4050
thebuffums@NUMBER1EXPERT.com

Marilou Buffum is your Chestnut Hill and Mt. Airy Expert. Her award-winning team includes Marilou Buffum, Associate Broker (Pa. lic. 60244) and sales associates Peter Buffum (Pa. lic. 208103), Paula Seitchik (Pa. lic. 273926), Rebecca Buffum (Pa. lic. 310053), and Peter Spaeth (Pa. lic. 322315).

ABR Equal Housing GRI MLS REALTOR


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