|
Q |
What oceanfront area is currently the most popular choice among people searching for second homes and vacation homes?
|
| A |
According to statistic published early in 2005, the Florida coast is the most sought-after vacation and retirement destination in the United States.
|
|
|
Q |
In what real estate market are more than 90 percent of home sales cash transactions?
|
| A |
Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates.
|
|
|
Q |
What is the legal term used to describe the right of the U. S. government to condemn private land for public use?
|
| A |
Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property.
|
|
|
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.
|
|
|
- NUMBER1EXPERTS™ 
See More Real Estate Trivia >
