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 

The upper walls of what famous holy temple are lined with gold?

A  The Golden Temple in Amritsar, India is the most sacred temple and spiritual center of the Sikhs.

Q 

At the doors of what famous temple do you find yourself when you climb the 'Stairway to Heaven'?

A  The Temple of Heaven in Beijing, China, attracts the local faithful and tourists.

Q 

What is considered one of the slimmest buildings ever designed?

A  The Carnegie Hall Tower, designed by Cesar Pelli, is only 50 feet wide and 60 stories high.

Q 

What economic factor can make the purchase of a home an excellent long-term investment?

A  Home price appreciation can result in a substantial return on the buyer's investment as a house increases in value over time.

Q 

What is a "smart home"?

A  A "smart home" is equipped with structured home wiring packages that control the home's systems via networked technologies.

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Real Estate Tips

Home Inspections >If It Is Broken Fix It

Most houses have a few "little" problems, like leaking faucets, a stove burner that won't light, or electrical outlets with too much "spark". These defects may not seem very important--unless your house is about to go on the market.

We rarely have difficulty getting sellers to agree to paint, replace worn carpets or plant a few flowers in the front yard. These kinds of repairs obviously increase the overall appeal of the property. However, if any of the major systems in your home need maintenance, it is also prudent to have the necessary repairs made. Have your furnace, central air-conditioning system, plumbing and wiring checked as part of your pre-marketing efforts. The best rule is--if it's broken, fix it!

The purchase agreement requires that a house be conveyed with all the systems in working order, and most buyers will bring in a home inspector to identify any potential problems. During the period of time between the "meeting of the minds" and the removal of the inspection contingencies, the buyers are the most vulnerable to an attack of buyer's remorse. This is also the time when anything that hasn't been repaired could become a major issue.

See All Tips In The "Home Inspections" Category >
See Complete Library Of Hundreds Of Tips In 30+ Categories >


Real Estate Trivia

Q 
Which law allows a person to give another individual up to $10,000 a year without any tax consequences?

A 
The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year.
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