Real Estate Trivia

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We've added these real estate trivia questions for your enjoyment. And you might learn something new in the process! Have fun...


Q	What is the largest city square in the world?
A	Located in Beijing, China, Tianamen Square, called the "Gate of Heavenly Peace", covers 98 acres.

Q	What famous American building was originally built in 1792, burned and rebuilt 1814-1818 and restored in 1952?
A	The White House in Washington, D.C., modeled after an Irish palace, is a sumptuous example of post-colonial architecture.

Q	In what area of the United States did the price of existing homes increase most dramatically in 2005?
A	Phoenix, Arizona real estate recorded a 55.2 percent increase in home prices during 2005.

Q	What is considered one of the few remaining tax shelters in the 1990s?
A	Homeownership--property taxes on a residence or vacation home are deductible up to $1 million.

Q	What city boasts eight of the world's ten biggest hotels?
A	Las Vegas has eight of the largest resort hotels; the latest and most extravagant is the $2.7 billion, 2,716-room Wynn Las Vegas.

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Real Estate Tips

Closing or Settlement >Net Sheet for Sellers

When you consider what price you should accept when selling your home, there are two important factors that will influence your decision. The first factor is the basic sales price. The second, and more important, is the amount you will actually receive from the proceeds at the closing.

Your real estate agent will prepare a seller's "net sheet" showing what your expenses will be. This will aid you in determining who pays what and when. It can help you to focus on the details of the sale.

A seller's expenses will include brokerage fees, real estate settlement fees, title insurance fees and special assessments. In some cases the buyer may ask you to pay some of the loan fees. Local real estate taxes will be pro-rated for you and the buyer, and you may be asked to place funds in escrow for payment of your final water bill. Subtract your mortgage balance any home improvement loans and other liens against the property that will be paid at the closing to come up with your final figures.

Your real estate agent can go over all of these factors with you when you list your home for sale and again as offers come in.

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Real Estate Trivia

Q	What site discovered in 1965 is considered the world's oldest known habitation?
A	The Terra Amata site in Nice, France has the remains of 21 huts belonging to the Acheulian culture from 400,000 years ago.
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Jonathan Creath, REALTORŽ, real estate agent and broker for Central Austin, Lakeway and Westlake, Texas home listings, property and land for sale - NUMBER1EXPERT

Jonathan Creath
Capital City Sotheby's International Realty
13420 Galleria Circle, Suite A-105
Austin, TX 78738
Office: 512-610-3206
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