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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 

Which law allows a person to give another individual up to $10,000 a year without any tax consequences?

A  The Federal Gift Tax Law allows both parents to give a child (or anyone) $10,000 each in one year.

Q 

What bizarre post-midnight pageant celebrated the great transformation in Manhattan architecture during the 1920s?

A  Beaux-Arts Architects' Ball (January 23, 1931) at the Hotel Astor commemorated the end of the first skyscraper age.

Q 

What information does nearly every state in America require the seller of a home to reveal to the buyer?

A  Most states require disclosure of any existing problems or conditions that could affect the value of the house.

Q 

How can you give your home the equivalent of sunglasses?

A  Install low "E" squared glass filters sunlight, saves on energy costs and prevents fading of furniture, drapes and carpets.

Q 

What area was designed to look like a 1940s southeastern town with traditional architecture?

A  Disney's "Celebration" in Orlando, FL, will eventually have 8,000 houses and many commercial tourist attractions.

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Real Estate Tips

Financing Your Home >Hybrids Offer Low Rates

In the field of home financing, "hybrid" mortgages have grown in popularity with homebuyers. With interest rates gradually rising in today's market, the hybrid mortgage product saves money, provides a period of fixed-rate security and helps buyers qualify for financing.

Hybrid mortgage loans offer a very low fixed-rate for a period of time, usually from 5 to 7 years, then revert to an adjustable rate mortgage (ARM) for the remainder of the term of the loan. The interest rate is typically lower than with a 30-year fixed-rate loan, and the borrower has the assurance that the rate will not change for a period of years. Such a loan works well for buyers who plan on reselling the home within a finite period.

Other specialty mortgages now available include an ARM loan with a provision allowing it to be converted to a fixed-rate loan when that is a practical step for the borrower. Still others offer an interest-only loan that requires payments to be made on the interest only for a specified number of years, then reverts to an amortized loan with interest and principal payments each month. Consult with an experienced mortgage professional to determine whether one of these loan products will meet your needs.

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Real Estate Trivia

Q 
What has been described as the world's most beautiful building?

A 
The white marble Taj Mahal in India was built by the Mogul emperor Shah Jahan (1631-53) to enshrine his favorite wife.
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The Larry Chappell Team, REALTORŪ, real estate agent and broker for Ft. Campbell, Clarksville and Sango, Tennessee home listings, property and land for sale - NUMBER1EXPERT

The Larry Chappell Team
ERA Chappell & Associates Realty, LLC.

903 Franklin St
Clarksville TN 37040
931-552-2412
Fax: 931-245-6000
larrychappell@NUMBER1EXPERT.com


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