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Real Estate Trivia
Welcome > Resources > Trivia ...

Enjoy! 

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


Q 

What areas are known as the 'silk stocking' districts of this famous city?

A  In Central Park West, Fifth Avenue and Park Avenue in Manhattan, apartments go for $222,610 to $282,709 per room.

Q 

Who is considered the world's most renowned living architect?

A  I.M. Pei who retired in 1991; he earned this status after designing the glass pyramid entrance pavilion to the Louvre in Paris (1989).

Q 

In which 'Oil Sheikdom' of the Far East do the wealthy still choose to live in primitive houses on stilts?

A  Brunei's oil wealth results in no income tax, free education and health services, and cheap housing loans for its average citizen.

Q 

What land did the U.S. Government buy for $7.2 million?

A  In March 1867, the US bought all of Russian America (Alaska) from Russia.

Q 

Who received the largest land grant ever given to an English subject for only two beaver skins per year?

A  William Penn, the Quaker leader, received Pennsylvania and Delaware to settle a debt owed his father by King Charles II.

See More Real Estate Trivia >


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Real Estate Tips
Closing or Settlement >Real Estate Repairs

In most real estate transactions there are a few responsibilities that the sellers need to handle before the closing, such as repairs and termite extermination. The deadline for completing these obligations usually coincides with the actual closing. Many sellers barely make that deadline. Those who wait until the last minute to handle these matters may miss the deadline altogether or pay high rates in order to get a plumber, roofer or electrician on an emergency basis.

Your buyers will probably get a structural inspection done after the contract is ratified. Within 10 days of the contract's acceptance by all parties, the pest inspection should be scheduled. Even though sellers usually know well in advance what is needed, they sometimes put things off until the buyers have finalized the loan approval process. Since these repairs will have to be made anyway, it is a good idea to get them done promptly.

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Deborah Herridge, REALTOR®, real estate agent and broker for Chester, Mendham, Long Valley and Morristown, New Jersey home listings, property and land for sale - NUMBER1EXPERT

Deborah Herridge
Keller Williams Towne Square Realty

55 Madison Avenue
Suite 400
Morristown, NJ 07960
Direct: 201 400 2980
Office: 973 539 1120
Fax: 201 299 4819
Deborah@TheHerridgeGroup.com

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