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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 are considered the ideal conditions for a seller's market?

A  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.

Q 

What is the average age range of a second-home buyer in the United States?

A  Currently, second-home buyers in America are most often between 41 and 44 years of age.

Q 

What famous American monument is also the world's heaviest statue?

A  The Statue of Liberty, officially named "Liberty Lighting the World", weighs 54.31 million pounds.

Q 

What unique type of home is making news as an affordable, environmentally-friendly housing alternative?

A  Straw bale homes may well become the non-toxic, affordable home of choice in the future.

Q 

What does the abbreviation PITI stand for?

A  Principal, Interest, Taxes and Insurance are the four major items included in a monthly mortgage payment.

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Kate Lemmer, REALTOR®, real estate agent and broker for Montclair, Glen Ridge, Bloomfield and West Orange, New Jersey home listings, property and land for sale - NUMBER1EXPERT(tm)

Kate Lemmer
Coldwell Banker Residential Brokerage

736 Valley Road
Montclair, NJ 07043
201-953-2059
Fax: 973-744-4357
katelemmer@NUMBER1EXPERT.Com


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