Real Estate Trivia

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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 famous person said this? "Real Estate is the best investment in the world because it is the only thing they're not making anymore!"

A  Will Rogers, who began his career as a rope-throwing cowboy and later became a famous stage and film star.

Q 

What was considered the world's tallest building one hundred years ago?

A  The Eiffel Tower in Paris, France, completed in 1889 and standing 984 feet tall, is still considered one of the world's greatest structures.

Q 

What is the average price for a home in the United States?

A  According to recent data published by the NAR, the national median price for existing single-family homes is now $230,000.

Q 

Which famous home designed by Thomas Jefferson showed forms of Greek and Roman architecture?

A  Monticello, begun in 1769, was later enlarged in keeping with its classical forms.

Q 

What four states in the Southwest are noted for having boundaries that touch.

A  New Mexico, Arizona, Utah and Colorado, referred to as the "Four Corners", have adjoining boundaries.

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Real Estate Tips

Accepting An Offer >Responding to Low Offers

The beginning of negotiations is usually the end of many months of hard work for the buyer or seller. The work ahead requires skill in order to maintain a strong position.

Sellers can lose their advantage if they do not counter an offer that a buyer has made. Even if the opening offer is beneath what the seller feels is reasonable, it is advisable for the seller to respond with a slight reduction from the asking price. The most important component in negotiating is good communication.

The best way to handle a low offer is to counter it with definite terms that are favorable to the seller. A counter offer has two advantages: 1) it keeps the buyer interested, and 2) it moves the negotiation forward and gives the buyer the opportunity to submit another offer that the seller is more likely to prefer.

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Real Estate Trivia

Q 
What is the world's most valuable piece of furniture?

A 
The 18th century Italian Badmiton Cabinet owned by the Duke of Beaufort sold in 1990 at Christie's, London for $15.1 million dollars.
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