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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 

Where would you go if you wished to stay in the world's most expensive hotel room?

A  The Imperial Suite at the President Wilson Hotel in Geneva, Switzerland, which can be reserved for $33,000 per night.

Q 

What is a "jumbo mortgage"?

A  The term "jumbo mortgage" currently refers to a mortgage loan in excess of $359,650, although the threshold amount may change as the market fluctuates.

Q 

Where will you find the world's largest indoor waterfall?

A  The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble.

Q 

What tropical haven is back in vogue, attracting celebrities like Cher, Madonna, and Sylvester Stallone, who have homes here?

A  Made up of 17 islands in Biscayne Bay, Miami Beach is the "American Riviera" and famous for its tropical beauty.

Q 

From 1974 to 1996, what was the world's tallest habitable building?

A  The Sears Towers, headquarters for Sears, Roebuck & Co., with 110 stories and 1,454 feet high.

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Real Estate Tips
Making An Offer >Low Offers

You have found the perfect house with everything you wanted--and then some--but the price is more than you want to pay. You decide to go for it anyway, and ask the agent to submit what real estate agents call a "low ball" offer.

Low ball offers sometimes work. If the market is fluctuating and the sellers are anxious, they may just accept it. They may be willing to negotiate if they have listed the house at a higher price than is reasonable. Most sellers are open to offers, but they won't give their house away, especially if the asking price is in line with recent sales of similar homes.

What do you have to lose by making a low offer? If the seller yells and screams, the agent will be the focus of his wrath -- and we don't take it personally. If you really want the house, however, a very low initial offer may irritate the seller to the point that he won't consider a better offer, if you decide to submit one. Design your strategy on the basis of how badly you want the house.

See All Tips In The "Making An Offer" Category >
See Complete Library Of Hundreds Of Tips In 30+ Categories >


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Best Ottawa Homes Team, REALTOR®, real estate agent and broker for Ottawa, Nepean and Stittsville, Ontario home listings, property and land for sale - NUMBER1EXPERT

Best Ottawa Homes Team
Keller Williams VIP Realty Brokerage

245 Stafford Rd. W., Suite 301
Ottawa, ON. K2H9E8
Phone: 613-721-8408
Toll Free: 1-800-809-7464
Email: Info@BestOttawaHomes.com

Treating Home Buyers and Sellers like family for decades!!

ABR ePro MLS REALTOR


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