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Real Estate Trivia
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What is a "smart home"?
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A "smart home" is equipped with structured home wiring packages that control the home's systems via networked technologies.
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| Q |
What oceanfront area is currently the most popular choice among people searching for second homes and vacation homes?
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According to statistic published early in 2005, the Florida coast is the most sought-after vacation and retirement destination in the United States.
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In what real estate market are more than 90 percent of home sales cash transactions?
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Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates.
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| Q |
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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More
Real Estate Trivia
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There
are approximately 125 home sales annually in Chestnut Hill.
Last year the median price of a home in Chestnut Hill was
$226,000.
Mt. Airy prices range widely from under $70,000 to over $1
million.
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