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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 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.

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.

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Real Estate Tips
Pricing >The Value of Your House

One of the sayings from the "gold-rush" days--"Them that's got the gold, sets the price!"--is also a principle that applies to real estate. We say that a house is only worth what someone will pay for it, even though the owner, the bank, and the agent all have their own opinions about the "market value" of a home. In other words, no sale ever takes place until the buyer agrees with the price.

How can sellers arrive at the maximum "fair" price that buyers are willing to pay? Buyers (and appraisers) make their decision based on comparisons. While shopping for a home, buyers will visit many similar homes in their price range and measure the features of each one against the price. They decide which house offers them the maximum value for the price. Buyers do not expect a home to be a "steal" or dramatically under-priced, but they do expect it to be a fair value.

Sellers must determine the value that their home offers in order to arrive at the right price. The real estate agent will advise the sellers what buyers should be willing to pay for their home, but the asking price is set by the seller.

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Nancy Yearout, REALTOR®, real estate agent and broker for Breckenridge, Frisco and Dillon, Colorado home listings, property and land for sale - NUMBER1EXPERT

Nancy Yearout
RE/MAX Properties of the Summit

220 South Main St., P.O. Box 4600
Breckenridge, CO 80424
Cell: 970-485-0293
Office: 970-453-7000
Toll-Free: 800-289-7005
Fax: 970-453-2922
Email: nancy@realestate-breckenridge.net

I have over 20 years experience in Breckenridge and Summit County real estate. Investment property is my specialty. I take care of the details - providing you with a trouble-free and enjoyable real estate transaction.

Equal Housing MLS REALTOR


RE/MAX Properties of the Summit real estate and homes for sale in Breckenridge, Frisco and Dillon Colorado

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