June 06, 2016

10 Fun Real Estate Facts

A bit of fun for the New Year... Enjoy! 

  1. The White House was valued at approx $110 Million
  2. A real estate broker in the city of Ermelo in the Netherlands found a great way to encourage prospective buyers to take a quick tour of this house: his company built a roller coaster through it!!!!
  3. When Apple built a data server in North Carolina they paid an elderly couple $1.7 million for one acre of land!
  4. Up to 100,000 people in Hong Kong live in “Cage Homes” – a 6ft x 2ft metal cage covering a bed.
  5. It is a legal requirement in New York for a property seller to disclose if the property a client is inspecting is believed to be haunted by ghosts.
  6. At the time of the 1906 San Francisco Earthquake, government officials falsely reported 375 deaths to protect real estate prices, even though the figure was estimated to be at minimum 3000.
  7. In Singapore, all real estate agents can act either for the seller or buyer.
  8. A fully furnished replica of The Simpsons house existed as a prize in a contest but the winner opted to take $75,000 instead.
  9. Using prefabricated models, some builders in China are able to build 30-story skyscrapers in as little as 15 days.
  10. Vendors in the USA can often pay as much as 6% in fees to the real estate agents. This is typically split 50/50 between the seller and buyer’s agent.