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Welcome > Resources > Trivia ...I've added these real estate trivia questions for your enjoyment. And you might learn something new in the process! Have fun...
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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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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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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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Estate Trivia >
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Investment Real Estate >Renting Your Home
Homeowners who don't need the equity from their home to purchase a new home may consider renting it instead of selling. Rental property is almost always a good investment, but you should understand the consequences of becoming a landlord.
Tenants may not share your pride of ownership and, therefore, may not maintain the property like you would. If you plan to rent your property, acquaint yourself with state or local landlord/tenant laws, including those dealing with rent control and eviction procedures. If the home you rent has been your primary residence, you could lose the benefits of a capital gains deferral when you sell it later. Get professional advice from a tax expert and a professional real estate agent before you decide to turn your home into rental property.
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Deborah Herridge
Coldwell Banker Residential Brokerage
191 Main St.
Chester, NJ 07930
201-400-2980
Fax: 201-299-4819
Deborah@DeborahHerridge.com
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NUMBER1EXPERT®
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All rights reserved. All information deemed reliable but not guaranteed.
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