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Real Estate Trivia
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| Q |
In what real estate market are more than 90 percent of home sales cash transactions?
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| A |
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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| Q |
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 Lighting the World", weighs 54.31 million pounds.
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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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