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Real Estate Trivia

Welcome > Resources > Trivia ...

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 was the greatest land grant ever given to an English subject?

A  William Penn arrived in October, 1682, to take over his enormous grant that later became Pennsylvania and Delaware.

Q 

Who is the world's richest living person?

A  William H. Gates, III, Chairman of Microsoft Corporation, whose wealth was estimated at $46.6 billion in 2004.

Q 

What is considered the oldest surviving non-native building in the U.S.?

A  The governor's palace in Sante Fe, New Mexico, built in 1609, was constructed with materials and methods adapted from the native Indians.

Q 

What private residence is considered the most expensive house ever built?

A  The William Randolph Hearst Ranch in San Simeon, California cost over $30 million, equivalent today to $276,883,320. Bill Gates recently built a home for over $40 million.

Q 

What criteria determines the hottest real estate markets?

A  Job/personal income growth; population/household growth; housing affordability/appreciation; and current inventory of homes for sale.

See More Real Estate Trivia >


 

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Real Estate Tips

Making An Offer >Negotiations Part 2

If you are the buyer in a home sale transaction, you should be prepared to submit an offer to the seller. An offer is not simply the price -- there are more components involved.

The real estate agent will act as the conveyor of information. There are a few things to look out for in such negotiations: 1) include a finance contingency, even if you have loan pre-approval, 2) insist on an engineer's, termite and radon inspection contingencies, 3) itemize the personal property you want included, such as chandeliers or drapes, and 4) submit the closing date you prefer.

Buyers should be prepared to make their best offer first, but if that offer is not acceptable to the seller, they should expect to go through a round of counter-offers.

See All Tips In The "Making An Offer" Category >
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Real Estate Trivia

Q 
What is the most expensive piece of property ever recorded?

A 
In October 1988, the Mediya Building in central Tokyo was quoted at 358.5 million yen ($248,000) per square foot.
See More Real Estate Trivia >

Mike and Amy King, REALTOR®, real estate agent and broker for Montgomery County, Howard County, Silver Spring, Rockville and Olney, Maryland home listings, property and land for sale - NUMBER1EXPERT

Mike and Amy King
King Real Estate, Inc.

15308 Morningmist Ln
Silver Spring, Maryland 20906
Office: 240-242-4346
Amy's cell: 301-467-1877
Mike's cell: 301-467-5677
David's cell: (301) 706-8254
Fax: 301-598-1446
Email: king@NUMBER1EXPERT.com
Real Estate License: 5191
Amy's email: amyking@mris.com
Mike's email: mking@mris.com
David's email: dnmarshall@hotmail.com

Amy & Mike King have 24 years of combined experience in the Real Estate, Mortgage and Home Building industries! Their specialty is Real Estate in Montgomery County, but also have extensive experience in Howard and Price Georges counties. They are #1 when it comes to helping families make a smooth transition when moving here. Amy & Mike are a successful team who work together with you and for you!

Equal Housing MLS REALTOR


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